Preferred Equity Investment
McKinley's Salt Lake City partner, CW Urban, is constructing this 120-condominium unit project adjacent to Pioneer Park in downtown Salt Lake. This infill project will utilize a podium construction type and will offer units from 500-1560SF, ranging from studios to 2-bedrooms. McKinley committed $5MM to finance the land acquisition and construction. TheOLIVE will also benefit from construction financing from the redevelopment agency of Salt Lake City. These luxury condos welcome residents to Salt Lake City living on one of the most sought-after downtown streets. Activities surround theOLIVE whether it be the multitude of bars, shops, eateries, Broadway shows, or a visit to Pioneer Park. The coveted location and interior/exterior design of theOLIVE establish this project as one of CW Urban’s most lavish deliveries, yet still with an affordable price point.