Astra Tower will be Salt Lake City’s tallest high-rise

Astra Tower, a 40-story luxury residential high-rise that will become Salt Lake City’s tallest tower, has officially broken ground at 200 S. State Street.

The HKS-designed project will include 372 luxury home apartments for rent. Units will be offered in studio, one-, and two-bedroom options. Additionally, two levels will be set aside for penthouse units.

Astra Tower lobby

Astra Tower residents will have views of the Salt Lake Valley and Wasatch Front as the south and southeast facades will be clad with a floor-to-ceiling glass wall. The rest of the facade will be a variation of glass fiber-reinforced concrete cladding with deeply recessed windows that create a residential character. The tower will be topped with a unique open rooftop expression that activates the skyline.

Astra Tower lounge

The concrete structure of the building will be erected in the first 20 months of the project, with the tower reaching its full height of 450 feet by September 2023. The project team will seek LEED Gold certification and address environmental issues specific to northern Utah such as air quality.

In addition to HKS, the build team also comprises Jacobsen Construction Company as the general contractor. Astra Tower is slated for completion in fall 2024.

Astra Tower exterior

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.