Westgate Lofts are perfect for the downtown city dweller. The building is within walking distance of downtown and is only a couple blocks away from The Gateway and EnergySolutions Arena where the Utah Jazz play.
A converted warehouse that was built in 1909, it once housed commercial tenants General Electric and Sears Roebuck. There will be 54 residential and 3 commercial units. Each tenant will enjoy there own private balcony and there will be a rooftop garden for all to share. Sizes range from 650 sq/ft studios and one-bedrooms to 2,500 sq/ft penthouses. Prices start at about $150,000 and range close to $700,000.
But the cool thing that sets this development apart is the way the structure's temperature will be regulated. A geothermal heat pump was installed, which compared to using natural gas and electricity, will save tenants between 25% to 75% on their utility bills. Basically, water beneath the earth's surface remains at a constant temperature. In the winter, that water is brought to the surface. A heat pump extracts the warmth from the liquid to heat the units...the remaining water is sent back underground. In the summer, the process is reversed. Although simple in its design, the ground-source heat pump system should be extremely efficient, with low operating costs, as compared to installing new air conditioning system.