Exciting Developments Transform Tooele City's Commercial and Residential Landscape

Dec 31, 2024 at 10:06 PM

In a significant boost to Tooele City’s growth, two major projects are reshaping the area's commercial and residential sectors. The Founder’s Point development and the Compass Point community are both progressing rapidly, promising new businesses, homes, and amenities for residents. These developments not only enhance the city’s infrastructure but also bring substantial economic benefits. The Founder’s Point strip mall is set to host eight retailers and several restaurants on 33 acres, while Compass Point will introduce 3,500 new households along with a vibrant commercial hub anchored by Smith’s Marketplace. Both projects signify a promising future for Tooele City, attracting investment and improving quality of life.

Founder’s Point and Compass Point: Pioneering New Horizons in Tooele City

In the heart of Tooele City, an exciting transformation is underway as two ambitious projects take shape. At the intersection of Denny’s and 1000 North, the Founder’s Point development is steadily advancing. This sprawling retail center, initiated by the Kimball Investment Company in January 2023, spans 33 acres and promises to become a bustling commercial hub. Despite initial delays due to unforeseen challenges like buried construction waste, the project is now moving forward with plans to open multiple stores, including Chipotle, Wing Stop, Hobby Lobby, and more, over the next few years. Once completed, Founder’s Point is expected to generate substantial sales and property tax revenue for the city.

Meanwhile, at the west end of 3100 North off SR-36, Perry Homes and Perry Commercial broke ground on October 10th for their ambitious Compass Point planned community. This expansive development will feature 3,500 new homes across a mix of multi-family and single-family residences. A key highlight of Compass Point is The Peak, a 10-acre commercial area anchored by a state-of-the-art Smith’s Marketplace. Scheduled for completion by early 2026, this marketplace will offer a wide range of services from grocery shopping to pharmacy and fuel stations, significantly enhancing the local retail scene. The development’s comprehensive site plan indicates strong interest from potential tenants, with several sites already leased or under contract.

The launch of these projects marks a pivotal moment for Tooele City. With Mayor Debbie Winn and other city officials actively supporting these initiatives, the community stands to benefit from improved infrastructure, increased employment opportunities, and enhanced living standards. The city’s strategic investments in these developments underscore its commitment to fostering sustainable growth and attracting new businesses.

From a reader’s perspective, these developments signal a bright future for Tooele City. The influx of new businesses and housing options not only diversifies the local economy but also improves the overall quality of life for residents. As these projects come to fruition, they will undoubtedly attract more visitors and investors, further boosting the city’s prosperity. The careful planning and execution of Founder’s Point and Compass Point reflect a forward-thinking approach to urban development, setting a positive example for other communities to follow.