St. John Properties Breaks Ground on New 47-Acre Development Phase in Utah at Valley Grove
Development of new phase will bring St. John Properties’ commercial investment to over $1.2 billion in Pleasant Grove
PLEASANT GROVE, UTAH — St. John Properties joined with Utah Governor Spencer Cox, Mayor of Pleasant Grove Guy Fugal and other community leaders this week to unveil plans and break ground on the newest phase of Valley Grove in Pleasant Grove, Utah. Fronting I-15, “Phase VI” will consist of approximately 47 acres of mixed-use development featuring commercial office and retail space, luxury residential, and a central promenade which will pay homage to the State of Utah and surrounding community.
“Valley Grove and the other St. John Properties business communities are among the State’s brightest stars for growth,” said Utah Governor Spencer Cox. “This central hub of Pleasant Grove is charting the course for continued prosperity in top ranked Utah Valley. St. John Properties is at the center of this expansion.”
Development of Valley Grove began in 2016 and includes 128 total acres. Upon completion St. John Properties’ investment will surpass $1.2 billion and include over 1.5 million square feet of Class ‘A’ office, flex/R&D, and retail space within Pleasant Grove, hosting more than 10,000 tenant employees. The next phase is a unique combination of commercial and residential that is expected to fill quickly, based on St. John Properties’ current 90+ percent occupancy of commercial space within Valley Grove.
“The partnerships between the City of Pleasant Grove, the State of Utah and St. John Properties continue to strengthen with this next phase of development,” stated Daniel Thomas, regional partner for St. John Properties. “This next phase of Valley Grove will symbolize and encompass the affinity and gratitude that we have for this amazing community.”
During the groundbreaking event, St. John Properties presented the Alpine School District with a donation of $25,000 for maintenance and preservation of the “G” – one of the most iconic landmarks in Pleasant Grove and Utah County, which has graced the side of Little Mountain for over 100 years.
Photo Gallery of the event can be found here: https://flic.kr/s/aHBqjADk5j
Utah is again the Best State in the country, according to the 2023 Best States annual rankings by U.S. News and World Report. Utah’s top ranking includes categories of health care, education, economy, infrastructure, opportunity, fiscal stability, and crime & corrections. The state added 44,000 new jobs in the past year with unemployment at a nation leading 2.4 percent.
About St. John Properties
Founded in 1971, St. John Properties, Inc. is one of the nation’s largest and most successful privately held commercial real estate firms. The company is distinguished by its commitment to customer service, achievements in green building, and top-rated workplace culture. Throughout St. John Properties’ 52-year history, the company has developed more than 23 million square feet of flex/R&D, office, retail, and warehouse space, and has investments in over 3,000 residential units. Expanding regionally in four Utah communities, St. John Properties recognizes the State’s economic strength, pro-business climate, quality of life, and projected growth. For more information about the company, visit www.sjpi.com/utah.