MURRAY, UT., November 18, 2015 –Lane Critchfield, Managing Director of Dakota Pacific Real Estate Partners (DPREP), a JR Miller Enterprises Company, announced today that they have signed an Exclusive Developer Agreement with Murray City.
Murray is a city situated on the Wasatch Front in the core of the Salt Lake Valley. On November 17, 2015 Murray’s City Council unanimously passed an Exclusive Developer Agreement giving JR Miller Enterprises the exclusive right to develop within the Murray City Center District, which comprises the majority of downtown Murray. Future development will include a new city office building, parking decks, performing arts center, private development, and new park infrastructure. “We are really excited for the opportunity to work with Murray City—Mayor Eyre, the Redevelopment Agency, and the City Council are dedicated to making Murray even better than it already is,” said Stan Hoffman, a principal at JR Miller. “We will provide the necessary expertise and capital to provide Murray with a great revitalized downtown.”
Over the next several months JR Miller’s development team will work closely with Murray City as they finalize plans for each phase of development. Land used for development will consist of property already owned by Murray City, Murray RDA, and some private parcels.