Clyde Companies broke ground Monday, Nov. 9, 2026, on Ironton, a mixed-use development straddling the Springville-Provo border at the northwest corner of U.S. 89 and 1400 North. The 31-acre project, which coincides with the company's 100th anniversary, will feature retail and office spaces on the Springville side and residential housing on the Provo side.
Development Scale and Layout
The groundbreaking ceremony, held Monday, Nov. 9, 2026, included company leaders and the mayors of both Springville and Provo. According to the Daily Herald, the development will include more than 67,000 square feet of retail and 27,526 square feet of office space located in Springville. On the Provo side of the border, the development is planned to include 168 townhomes and 90 condo units.
A Centennial Milestone
The project is being developed by Clyde Companies, which is celebrating 100 years since its founding in Springville in 1926. Clyde Companies Chairman Wilford Clyde spoke during the ceremony, noting the company's desire to build a community space that benefits local residents. He remarked that the company aims to be "here for the long run" and mentioned that some portions of the project may not be primary profit drivers.
In his speech, Wilford Clyde joked that his grandfather, W.W. Clyde, might view the multibillion-dollar company as having grown "a little too extravagant." The company currently operates eight subsidiaries and employs more than 6,500 people across the Intermountain West.
Intercity Tax Agreement
The development's layout was shaped by negotiations between the two municipalities. While commercial properties are situated in Springville and residential properties in Provo, the split raised concerns regarding revenue discrepancies. After discussions between the city councils, the cities reached an agreement involving a one-time $100,000 payment from Springville to Provo to settle tax concerns.
Mayor Perspectives
Springville Mayor Matt Packard expressed appreciation for the cooperation between the two cities, stating that the leaders were able to "talk and converse and come to an agreement" rather than arguing over the border issues. Packard noted that Clyde Companies has maintained a strong connection to Springville despite its large scale.
Provo Mayor Marsha Judkins characterized the agreement as a positive example of community-mindedness. She noted that the development serves as a vital investment in an area of Provo that has faced economic stagnation and a lack of housing. Judkins added that the city is actively looking for ways to bring amenities, such as a grocery store, to southeast Provo.
Community and Dining Features
The Ironton project includes plans for a central gathering space. Clyde Companies President Jeremy Hafen stated the area will feature restaurants, shops, and a gathering space. According to the Herald Extra, the company has an agreement to buy out the Joe Bandito's property at the corner of U.S. 89 and 1400 North and rebuild the restaurant elsewhere within the development. Hafen also indicated there is "almost a 100% chance" that the Art City Trolley restaurant, which closed in 2022, will return to the site.
Design and Amenities
According to the Ironton website, the development's name honors the industrial heritage of Springville and the workers who helped build the community. The site features a central area known as "The Ribbon," which is envisioned as a multi-season destination. This area is intended to host ice skating in the winter, while offering a roller rink and splash pad during the summer months.
The development also includes a flexible green space called the Gather Lawn for events like movies and festivals, a half-mile trail connecting various neighborhoods and parks, and public art including murals and sculptures.
Project Context
The Ironton project is separate from the ongoing construction of Clyde Companies' new corporate headquarters, which is being built on the site of the former W.W. Clyde and Co. yard and shop across the street. No official completion date for the Ironton development has been announced.
