A 24-hour towing yard on Salt Lake City's West Side is on track to become a six-story building with 169 income-restricted apartments, as the developer behind the project known as The Gregory has filed for a demolition permit to clear the site at 738 W. South Temple. The 0.97-acre parcel currently houses Cartow Towing, legally registered as Sons of a Gunn, which has operated fleet facilities in Utah since 1980.
As reported by Building Salt Lake, The Gregory sits in the Fairpark and Poplar Grove neighborhoods, bordering the southbound lanes of Interstate 15 and zoned MU-8, a form-based mixed-use district that allows mid-rise, transit-oriented construction up to 90 feet — or 95 feet with design review — without requiring a height rezone, according to KSL.com. The project is being developed by Indiana-based Great Lakes Capital, which applied for a commercial building permit in May 2026 that remains under review, per city records. Demolition of the two existing buildings, which together total 6,300 square feet, is estimated to cost about $20,000 and could begin January 10, 2027, wrapping up by February 10, 2027.
A Shifting Unit Count, Same Family-Sized Promise
The Gregory's scale has shifted since its earliest funding applications. A March 2025 filing for the Housing Development Loan Program listed 187 units — 72 studios, 62 one-bedrooms, 25 two-bedrooms, and 28 three-bedrooms — while the May 2026 building permit application lists 169 units without a public breakdown, the outlet notes. The Salt Lake City Community Reinvestment Agency awarded the project $2 million in low-interest loans that same March, through a program requiring projects to reserve at least 10% of units for three-bedroom family layouts or deep affordability at 40% AMI or below.
The finished building is planned as a six-floor podium structure roughly 75 feet tall, with one slab-on-grade concrete parking floor topped by five upper residential floors. Plans call for 50 parking spaces and more than 1,000 square feet of amenity space, with units spanning studios, one-, two-, and three-bedroom layouts priced between 30% and 80% of area median income. Units at 30% AMI are considered deeply affordable housing.
Financing Stacks State Bonds With City Loans
Utah's Private Activity Bond Program Board allocated $15.8 million in volume cap tax-exempt bond financing for The Gregory and later approved extension requests through mid-2026, pairing with federal 4% Low-Income Housing Tax Credits, according to the state's bond notice history. That state-level financing joins the $2 million CRA loan as the project's core public funding sources, layering municipal and state dollars onto a single West Side parcel.
Great Lakes Capital is not stopping at The Gregory. The developer is simultaneously advancing The Chicago, a 119-unit project at 27–41 N. Chicago Street, and Jefferson Apartments, a 182-unit project on South Jefferson Street, according to the same Building Salt Lake reporting — an expanding footprint of income-restricted housing across Salt Lake City's West Side.
A Site Built Around Transit and Trails
The Gregory sits a little over one block from the Jackson/Euclid TRAX Green Line station and about half a mile from the North Temple Station, which serves both the TRAX Green Line and FrontRunner. The site also faces the Folsom Trail directly across South Temple — a paved, one-mile pedestrian and bicycle corridor completed in June 2022 along an abandoned Union Pacific rail line connecting Poplar Grove and Fairpark to downtown transit, according to KSL TV. The trail corridor also includes plans by the Seven Canyons Trust to daylight buried sections of City Creek.
The Gregory will also be built next to the Bodhi Apartments, an 80-unit mixed-income development already established along the South Temple corridor, illustrating how the strip is turning into a concentrated residential neighborhood. The North Temple corridor continues to see new multifamily development, the outlet's reporting notes, part of a broader pattern in the area.
Part Of A Bigger West Side Push
The demolition filing follows a wider trend of clearing low-density commercial sites in Poplar Grove and Fairpark for dense affordable housing. Hoodline previously reported on Switchpoint Community Resource Center's plan to raze Switchpoint Coffee at 2080 W. North Temple for an 80-unit affordable building, part of the same neighborhood-wide shift from commercial parcels to housing near UTA TRAX corridors.
The Gregory is one of the latest affordable projects to file for a demolition permit as Salt Lake City works toward its Housing SLC 2023–2027 goal of enabling 2,000 deeply affordable housing units citywide. About 700 such units are built, under construction, or planned as of mid-2026, according to the city's dashboard. Building Salt Lake also notes that Salt Lake City's multifamily market remains full of new supply being slowly absorbed, even as projects like The Gregory continue moving through the pipeline.
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