Walk through the highest rent apartment in Utah
Contractors are still finishing the top floors of the Salt Lake City apartment building that appears to have the highest rent in Utah.
But the building at 111 S. 300 W., kitty corner of Vivint Arena, is packed enough to lease several lower floors, with more units on the way in the coming months.
The Charles is the first building in the cluster development known as the West quarter. At 11 stories and with space for a restaurant on the ground floor, The Charles offers studios from $1,525 per month. But it’s the penthouse-level homes that bring with them what will likely become the high water mark for Salt Lake City’s rental apartment market.
Greystar, one of the world’s largest apartment management companies, list them Penthouse 4 of 1,911 square feet, two bedrooms and two bathrooms for $10,650 per month.
A search of Greystar’s other properties in Salt Lake City and other recently delivered market-priced apartment buildings downtown didn’t turn up anything else that rents as well.
It’s likely that The Charles, which has other penthouses ranging from $7,850 to $9,200 per month, has units with the highest rent in the state of Utah.
The building’s developer has allowed Building Salt Lake to walk through the building, one of two that will open in the coming months to continue the downtown movement westward.
As you’d expect with modern, market-priced apartment buildings in the United States, The Charles is outfitted with amenities on multiple levels, starting with the ground floor.
A code required staircase is wrapped on the west side with a cascading waterfall. There’s an indoor/outdoor gym and yoga studio, several lounges for billiards and card games, and on-site maintenance.
On the rooftop is a pool and hot tub, plus a grilling area.
Across from the area where the Utah Jazz play basketball games, this is likely a place players and coaches plan to find a home.
The first phase of the West quarter will also include a pair of hotels constructed in the same building footprint across the private and publicly accessible Quarter Row. This street will continue to the back of the old downtown post office.
Future phases include a tower on the quarter of 200 South and 200 West. Although this plan originally included office space, the Ritchie Group and its partners may reconsider use after the pandemic undermines demand for office space and the Salt Lake City market and from the suburbs have both experienced a class A flood offices in recent years.
The hotel building to the south will feature the tallest bar in Salt Lake City, and both buildings will offer several new dining options for the public and guests and residents living above.
Email Taylor Anderson
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