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Holladay Hills — Salt Lake Valley neighborhood

Salt Lake Valley

Holladay Hills

The Cottonwood Mall site: what is built, what is selling, what is leased

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Holladay Hills: What Is Built, and What Is Actually For Sale

Holladay Hills is the redevelopment of the former Cottonwood Mall, on roughly 57 acres bounded by Murray-Holladay Road to the north, Highland Drive to the west, Arbor Lane to the south, and Memory Lane to the east, in ZIP code 84117. The mall closed and came down in 2008, and the site sat largely empty for more than a decade. What stands there now is a mixed-use district built under the master plan the City of Holladay approved for the site in 2007, which permits between 454 and 614 homes alongside commercial space. The City put build-out at about 25 percent as of 2025, the year it recorded the first residential and commercial tenants on the site since 2005. City records call the project Royal Holladay Hills; the developer markets it as Holladay Hills. They are the same place, and searching only the marketing name hides most of the approval history.

About 57 acres
Site Size
454 to 614
Approved Homes
About 25% (2025)
Build-Out
Regional Mixed-Use
Zoning

Location & Daily Life

What Sets the Area Apart

The single most useful thing to know about Holladay Hills is which parts of it a buyer can actually purchase. The Grandeur is the name most people arrive with, and it is largely an apartment building: rental apartments over retail, with a single floor of for-sale condominiums on top. The developer's own site lists those condominiums as sold out. So a buyer who comes to Holladay Hills asking about The Grandeur is usually asking about the one building where the developer has nothing left to sell, while the homes that are genuinely on the market sit in different neighborhoods under different builders.

Four residential products exist on the site and they come from three separate homebuilders. Tri Pointe Homes builds Aspire, a townhome neighborhood, and Pavilions, a very small collection of detached estate homes. Van Daele Homes built Elevate, a townhome neighborhood that is finished, which means an Elevate home is a resale rather than a new-construction purchase. Woodbury Corporation and Millrock Capital developed The Grandeur. Treating these as one development with one price point is the most common error in material written about the site, and it is the error that falls apart fastest on a tour.

The second thing worth knowing is why the place is smaller than the plans you may have read about. In 2018 the City Council approved an amended master plan for a larger project, and Holladay residents referred it to the ballot. Voters rejected it. What is being built now proceeds under the older 2007 master plan, block by block, which is why the approved residential ceiling is in the hundreds rather than the roughly thousand homes the rejected plan contemplated.

Kamee Shrope

Inside the Community

Neighborhood Deep Dives

What You Can Buy, and What Is Only For Rent

As of October 30, 2026, one builder is actively selling new construction at Holladay Hills. Tri Pointe Homes opened sales at Aspire, a 57-home townhome neighborhood, in February 2026; published plan pricing that day started around $792,000, with completed move-in-ready homes listed from $779,900. Tri Pointe is also selling Pavilions, described by the builder as a limited collection of six estate homes ranging from about 5,201 to 8,010 square feet with four-bay garages. Two of the six carried published prices that day, at $4,239,000 and $4,448,000.

Two further Tri Pointe neighborhoods are announced but not selling. Crestview is anticipated to open in early 2027 with pricing the builder describes only as anticipated, and Horizon, a townhome neighborhood, is anticipated for 2027 with no pricing published at all. Both are interest lists rather than available inventory, and neither has a published home count.

Elevate, the 38-townhome neighborhood built by Van Daele Homes, is complete. Van Daele's own project page treats it as a finished portfolio project, which means a buyer acquires an Elevate townhome as a resale on the open market rather than from the builder.

The Grandeur is the part that needs care. It is a single mixed-use building with parking, a retail level, several levels of rental apartments, and a top floor of for-sale condominiums. The apartments are open and leasing, managed by a third-party operator. The condominiums, roughly sixteen of them, are listed by the developer as sold out, though individual units do resell. Anyone describing The Grandeur as a place to buy from the developer is describing something that is not available.

Why the Project Is Smaller Than the Plans You May Have Read

In May 2018 the Holladay City Council approved an amended site development master plan for a project then called Holladay Quarter. Residents organized, gathered signatures, and sought a referendum. The City initially determined the petition did not qualify for the ballot, residents sued, and the developer separately went to court to try to stop a public vote.

The Utah Supreme Court decided the question in Baker v. Carlson, 2018 UT 59 on November 28, 2018. It held that the resolution amending the master plan was a legislative act and therefore referable to the voters, while the resolution amending the development agreement was administrative and not referable. The vote went ahead as Proposition 14. Salt Lake County's certified final results record 9,645 votes against and 7,026 in favor, 57.85 percent to 42.15 percent, across all 31 precincts.

Because the master plan amendment was rejected but the development agreement amendment survived, the 2007 master plan remained the governing entitlement, and that is what the current project builds under. This matters when reading older coverage: figures such as 775 apartments, 210 single-family homes, and descriptions of nearly a thousand residences belong to the plan voters turned down. They are still quoted on third-party real estate pages. The operative ceiling is the 2007 plan's range of 454 to 614 homes, with 614 the number the City and local reporting cite as the cap.

One widely repeated characterization deserves a caveat. Local reporting in 2021 relayed councilmembers describing the return to the 2007 plan as leaving the project referendum proof. That is a journalist's paraphrase of elected officials' remarks, not a legal holding. The precise position is the one the court set out: the master plan amendment was referable and was voted down, the development agreement amendment was not referable, and the 2007 plan therefore still governs.

Four Neighborhoods, Three Builders, and One Tenant People Mistake for a Phase

The master plan divides the site into lettered blocks, and the market-facing names map onto those blocks. The Grandeur occupies Block D and was the first mixed-use phase, with a ribbon-cutting in October 2024 and occupancy beginning the following spring. Block B is the former Macy's building, which was adapted and reused rather than demolished, and now holds ground-floor retail with office space above.

Kiln is frequently described in search results as though it were a phase or a builder. It is neither. Kiln is a flex-office and coworking operator that leases roughly 52,000 square feet on the upper floors of the reused Macy's building, and it opened there in February 2026.

Blocks H, I, J and K received a preliminary plat amendment from the Planning Commission in December 2025, with Block K designated for townhouse-scale homes and Block I for a fitness center and a parking structure. On the record at that meeting the applicant's representative projected roads, utilities and the fitness center starting in spring 2026, with the fitness center opening in summer or fall 2027. That is the developer's projection rather than an approval, and it should be read as such.

A separate agreement commits the project to income-restricted housing. The City, its Redevelopment Agency and KMW Development approved an affordable housing agreement in December 2025 covering 100 homes at 80 percent of area median income, carrying deed restrictions, to be built in the not-yet-constructed Block E. The Council amended that agreement in June 2026 to shift the unit mix toward a wider range of sizes, including larger homes.

The Commercial Side, and the Rule That Paces the Housing

Retail and office space on the site is not an afterthought to the housing; the master plan ties them together. A footnote in the 2007 plan requires the developer to obtain building permits for the minimum commercial square footage in each block or subdivision at or before the point residential permits are issued for that same block. City staff summarized it in 2019 as a required percentage of commercial permits that must be pulled with each block before residential permits can follow. For a buyer, that is the mechanism that explains why shops and offices appear alongside homes rather than years later.

The commercial program is approved for up to 750,000 square feet of office, dining, shopping and entertainment. The developer's own portfolio page also publishes a breakdown of 420,000 square feet of retail and dining plus 375,000 square feet of Class A office, which sums to more than the 750,000 total stated on the same page. Because those figures contradict each other at the source, only the approved ceiling is worth relying on.

Two anchors are open and verifiable. A Trader Joe's of about 13,397 square feet opened on the main floor of the former Macy's building on October 31, 2025. Kiln opened its flex-office space upstairs in February 2026. Beyond those, the developer publishes a list of tenants without stating which have opened, and several businesses announced during 2026 could not be confirmed as open. Treat any tenant list for this site as a list of intentions unless the opening is separately dated.

A hotel and a theater have been discussed for the site since 2019 and were still described as proposed rather than approved as of late 2024. Nothing newer establishes otherwise, so neither should factor into a purchase decision.

What the Developer Has Not Published, and Why It Matters

There is no published master community association for Holladay Hills. The developer's site, the master developer's portfolio pages and the homebuilders' community pages disclose no master association, no master assessment, and no budget separate from the per-neighborhood dues. In 2022 the developer's representative told the Planning Commission that the covenants and association documents were then still being drafted. Whether they have since been recorded would take a search of the Salt Lake County Recorder's files. Any page quoting a master association figure for this project is quoting something the developer has not released.

Per-neighborhood dues are partially published and do not fully agree. Tri Pointe's own frequently-asked-questions page estimates the Aspire association at $275 a month and labels the figure informational, while the multiple listing record for an Aspire home shows $290 a month and describes the dues as covering grounds maintenance and water. A reasonable expectation is roughly $275 to $290, confirmed in writing before any deadline passes. For Pavilions, Crestview and Horizon, no dues figure is published anywhere.

Pricing on this site moves, and not only downward. One Aspire homesite listed at $828,900 at the end of May 2026 was increased to $934,072 in late October, an eleven percent rise in under five months. That is almost certainly structural options and upgrades loading onto a base price rather than market appreciation, and it should not be read as a return. The practical lesson is that any price for this community is a snapshot: the figures on this page were published on October 30, 2026 and should be reconfirmed with the builder.

Aggregator pricing for this site disagreed with both the builder's own pages and the multiple listing records on the same day, on nearly every address checked, so the builder and the listing record are the only figures worth acting on. Short-term rental rules are another open question: the covenants were flagged in 2022 as the place such limits would be addressed, and no recorded answer was found. For a mixed-use project with condominiums, that is worth resolving in writing rather than assuming.

At a Glance

Holladay Hills in Context

Neighborhood or buildingBuilder or developerWhat it isStatus on October 30, 2026
PavilionsTri Pointe HomesSix detached estate homes, about 5,201 to 8,010 sq ftSelling; two of six priced, at $4,239,000 and $4,448,000
AspireTri Pointe Homes57 townhomes, up to about 2,522 sq ftSelling; plan pricing from about $792,000
CrestviewTri Pointe HomesProduct type not stated by the builderAnticipated early 2027; no published price
HorizonTri Pointe HomesTownhomes, about 1,241 to 2,533 sq ftAnticipated 2027; interest list only, no published price
ElevateVan Daele Homes38 townhomes, floorplans to about 3,969 sq ftComplete; available only as a resale
The Grandeur condominiumsWoodbury Corporation and Millrock CapitalAbout 16 top-floor condominiums in the Block D buildingSold out from the developer; individual units resell
The Grandeur apartmentsWoodbury Corporation and Millrock CapitalRental apartments over retail, same buildingOpen and leasing; not for sale
Block EKMW Development100 deed-restricted homes at 80% of area median incomeAgreement approved December 2025, amended June 2026; not built

Long-Term Outlook

Ownership Costs & Market Context

The site spans four Salt Lake County tax areas, numbered 82A, 82D, 82E and 82F, and for tax year 2025 all four carried the identical total rate of 0.009593, or about 0.959 percent. The practical range across the site is therefore zero: whichever area a home falls in, the 2025 rate was the same. The reason is that the urban renewal mechanism covering the site redirects revenue rather than levying it, and the three Holladay Hills public infrastructure districts levied nothing in 2025.

Utah exempts 45 percent of a primary residence's fair market value, so an owner-occupied home is taxed on 55 percent of market value, subject to the state's occupancy requirement. Applying that to the 2025 rate produces an effective rate near 0.528 percent of market value for a primary residence, which works out to roughly $5,276 a year on a million-dollar home. A second home or an investment unit does not qualify for the exemption and would pay closer to $9,593 on the same value. Those are calculations from the county's published rate rather than published rates themselves.

One forward-looking caution belongs on any purchase here. Tax areas 82D, 82E and 82F exist specifically to carry the three public infrastructure districts, and those districts levied zero in 2025. A district of that kind can later levy, and can also charge assessments that never appear in a property tax rate file at all. No authorizing bond or levy document was located, so this is a question to ask rather than a cost to assume. Buyers of newly platted lots should also read the tax area directly off their own notice: dozens of new lots on the site still showed no assigned tax district in the county's September 2026 assessor extract.

The site is served by the Mt Olympus Improvement District rather than the Cottonwood Improvement District, which is the reason the 82 series of tax areas sits below other Holladay areas. For comparison, the Cottonwood-served Holladay tax areas carried 2025 rates of 0.009708 and 0.010361.

The development agreement puts $2,500,000 of public improvements on the developer's account, designed and built by the City and reimbursed by the developer. The list includes signal reconstruction at Highland Drive and Meadowmoor Road, signal work at Murray-Holladay Road and Highland Drive, curb, gutter and accessibility improvements, median strips on segments of Highland Drive, storm drain work, decorative street lighting and two transit stops. A further $150,000 of the first tax increment proceeds is earmarked for Highland Drive. Separately, the City reported securing $6,100,000 toward reconstructing Highland Drive from Arbor Lane to the Van Winkle Expressway, though cost estimates for that segment have ranged widely across sources and years, so no single figure or completion date is reliable.

Two physical facts about the ground are worth knowing. Big Cottonwood Creek runs through the site; as part of the site work the creek was relocated and the ground was raised to bring the site out of the floodplain. And the development agreement ties the creek trail to a sidewalk obligation: no sidewalk is required along the east side of Highland Drive so long as there is public access along the trail inside the site beside the creek, and if that public access is ever prohibited or terminated, the developer must build the Highland Drive sidewalk instead.

Schools & Future

Schools & Daily Planning

The site is in the Granite School District, not Canyons. Checked against the district's own boundary service rather than a third-party school site, the assignments are Oakwood Elementary at 5815 South Highland Drive, Bonneville Junior High at 5330 South Gurene Drive, and Cottonwood High at 5715 South 1300 East. Those three came back for every address point on the development's streets and every vertex of its platted parcels, so the assignment is consistent across the site rather than true of one corner of it.

Do not generalize that to Holladay as a whole, because the boundary runs along the edge of this site. North of Murray-Holladay Road the assignment changes to Driggs Elementary with Olympus Junior High and Olympus High, and the block immediately east is Cottonwood Elementary with the same Olympus schools. Murray-Holladay Road is the controlling line, and Holladay Hills sits entirely on its south side. A buyer comparing this site with a home a few hundred feet north is comparing two different school paths.

Granite reported no boundary changes for the 2026 to 2027 year, noting only that district maps were updated to reflect the current year. Looking further out, the district has retained an outside consultant for district-wide planning that covers possible programming changes, boundary adjustments and school closures tied to declining enrollment, and states that no scenarios or recommendations have been developed. An earlier elementary boundary study included Oakwood among the schools examined. None of that is a change a buyer can act on today, but it is the reason to verify an assignment at the time of purchase rather than relying on a page.

Grade spans are the one detail worth leaving open. The district states that as of the 2025 to 2026 year all of kindergarten through grade five sits in elementary, grades six through eight in junior high, and nine through twelve in high school, while a state school file lists Oakwood differently. Confirm the grade configuration with the district rather than taking either source as settled.

Frequently Asked

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