Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory services firm, has secured $170 million to refinance Post District, a mixed-use complex located in Downtown Salt Lake City.
Post District opened in December 2023 and spans five buildings. The complex has 580 residential units ranging from micro-studios to three-bedroom penthouses, along with nearly 26,000 square feet of retail space and 498 parking spaces. Community amenities include an 8,000-square-foot gym, a resort-style indoor-outdoor pool deck and glass infinity-edge spa, a movie theater, golf simulator, dog wash, multiple rooftop lounges, and a coworking lounge.
Post District was created by joint venture team, Bridge Investment Group, Blaser Ventures and Lowe Property Group as an opportunity zone development. Walker & Dunlop New York Capital Markets also arranged $157.5 million in loan proceeds to refinance Post District in November 2023.
“Post District is a dynamic urban redevelopment that reflects the strong demand for thoughtfully designed, mixed-use communities in Salt Lake City’s urban core,” said Sean Reimer, managing director of New York Capital Markets at Walker & Dunlop. “Located at the grand entrance to downtown Salt Lake City, Post District stands as a pioneering example of opportunity zone development, transforming a once-underutilized block of warehouses into a vibrant, premier live-work-play destination.”
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