The Gateway (Salt Lake City)

The Gateway is a large, open-air retail, residential, and office complex in Salt Lake City, Utah, United States. It is centered on the historic Union Pacific Depot on the west side of Downtown Salt Lake City between 50 North and 200 South streets and between 400 and 500 West streets. Rio Grande Street has been the site of many special events and becomes a one-way street and heads north through the center. The center has featured as many as 89 outlets, but recent changes have allowed the center to provide new retail shopping experiences like and become more of a social gathering place centered on dining and nightlife. In the northeast corner, a seven-story 230,000 sq ft (21, 000 m2) office tower for more than 1,200 employees was completed in 2007 for the sole occupancy of Fidelity Investments. By 2014, the center's occupancy rate had fallen. Several major tenants such as Apple moved half a mile east to the newer and more centrally located City Creek Center, opened in 2012 by the Church of Jesus Christ of Latter-day Saints. Retail Properties of America valued the center to $75 million in 2014 and projected further decline. Previous efforts to stabilize and sell the center failed. Some of the outdoor areas were upgraded, and nearby development projects were planned. In February 2016, The Gateway was sold to the commercial real estate company Vestar. The company planned initially t

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