February 6, 2020 – Salt Lake City, Utah – With Utah’s population growth accelerating to the second fastest in the country in 2019, while posting the top national employment growth during the same period, it’s no coincidence that Cottonwood Residential finds much opportunity inside the Beehive State with new developments. “We’re uniquely positioned in Salt Lake City with local relationships and extensive market knowledge. With the added support of strong economic fundamentals, we’re able to capitalize on a series of great projects here,” remarked Chad Christensen, Executive Chairman. Sugarmont Apartments, with construction anticipated to wrap up in early 2021, will be the first development to come online. Located in the sought-after Sugar House neighborhood, it will bring 341 stunning, class-A apartments with resort pool and spa, available 3-story townhouse options, and top-level penthouse suites. Next up in the construction pipeline is 234-unit Park Avenue Apartments, also boasting a desirable Sugar House address. With front-door access to the adjacent shopping/entertainment district and celebrated Sugar House Park, residents will enjoy an unmatched lifestyle and sophisticated amenities in a supremely walkable location. Construction is also underway on 254-unit Cottonwood Broadway in the vibrant East Downtown area of Salt Lake City. It provides the comforts of a rooftop pool deck and pet-friendly amenities in convenient proximity to a booming nightlife scene, arts and entertainment, and major employers. “These new projects represent the kind of smart growth that we’re pursuing in our home market as well as nationally,” explained Dan Shaeffer, Chief Executive Officer. “It’s an exciting time for our team as we anticipate more deals in Salt Lake City and beyond in the future. For more updates on Cottonwood’s continuing developments in Utah and around the country, visit and follow the company on your social media network of choice.