Utah-based Mogul Capital is advancing construction plans for a large-scale mixed-use project in Jackson, Wyoming, just across the Utah border, the Salt Lake Tribune reported Thursday.
In March of this year, Mogul Capital submitted a proposal to Jackson Hole, Wyoming officials for the development that spans 2.46 acres and includes five buildings:
17 condominiums
109 hotel rooms
16 deed-restricted workforce housing units
A restaurant, a spa, and underground parking
Developer Mogul and Town of Jackson Hole officials are discussing the scale of the project and its impact on the town.
A rendering of the Jackson Luxury Branded Hotel and Residences proposed for Jackson Hole, WY. Image: Mogul Capital
The Salt Lake Tribune reported, “Mogul’s project would be the town’s largest private commercial development to date, even after it was scaled down from a complex four times the size of Jackson’s Target store.”
The project’s scale surprised residents and elected officials, prompting the town to implement a six-month emergency pause on commercial construction last summer to evaluate the potential impacts of large-scale developments.
New developments in Jackson Hole must undergo a two-phase approval process, each taking 4–5 months and involving reviews by the Design Review Committee (DRC) and Planning Commission (PC) and final decisions by the Town Council.
As shown in a rendering, Jackson Luxury Branded Hotel and Residences is a multi-use development proposed by Mogul Capital in Jackson Hole, WY. Image: Mogul Capital
The first phase reviews Sketch Plans, and if approved, applicants move on to submit Development Plans, which, according to the City website, follow a similar review and decision process.
According to its website, Utah-based Mogul Capital has invested over $550 million in real estate and is advancing a $540 million development pipeline. The company focuses on hospitality, multifamily, office, and retail properties.
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