The structure stands 22 stories high and is located at 222 South Main Street in the Central City neighborhood. The shape of the building is designed to optimize views between currently standing buildings, includes a parking garage hidden behind the main structure and has 459,000 square feet (42,600 m2) of office space with floor to ceiling windows.[2] There are a total of 6,257 pieces of structural steel and bracing in the structure and wiring that stretches 201 miles (323 km).[3] Atop the building is a 20-foot (6.1 m) glass veil that is illuminated with different colors at various times of the year.[4]
The building cost $125 million (equivalent to $177.52 million in 2023) and took nearly two years to complete.[2]
LEED Certification
Originally, the building was expected to earn LEED Silver certification,[5] but along the way improvements were made and the building ultimately earned LEED Gold certification.[6]
Construction on the building was completed in December 2009.[2] The building was facing serious occupancy issues, with the pre-lease rate remaining at around 25%[7] but rates subsequently increased, especially with the largely publicized lease announcement of Goldman Sachs.[8][9] The building eventually became fully occupied.[10]
In February 2014, the property's original owners (and current building manager), Hamilton Partners, sold the building to KBS Real Estate Investment Trust III (KBS) for $170.5 million (equivalent to $219.44 million in 2023) in "a record-setting deal for commercial real estate in Utah's capital city, on a cost per-square footage basis." At the time of purchase, KBS already owned the Parkside Tower and Gateway Tech Center in Salt Lake City.[9]