Clyde Companies broke ground Monday, Nov. 9, on Ironton, a mixed-use development spanning the Springville and Provo border. The project is situated at the northwest corner of 1400 N. and U.S. 89.
The 31-acre development is planned to include more than 67,000 square feet of retail and 27,526 square feet of office space on the Springville side. The Provo side of the development is slated to feature 168 townhomes and 90 condo units.
To facilitate the project, Springville and Provo agreed to a one-time $100,000 payment from Springville to Provo to resolve discussions regarding the split of property and sales tax revenue. Provo Mayor Marsha Judkins noted that while commercial property was placed on the Springville side and housing in Provo, the agreement serves as an example of cities working together for community benefit.
Clyde Companies President Jeremy Hafen stated the company has an agreement to buy out the Joe Bandito property at the corner of U.S. 89 and 1400 North, with plans to rebuild the restaurant elsewhere within Ironton. Hafen said there is almost a 100% chance the company will bring back the Art City Trolley restaurant, which closed in 2022. The development is also expected to include a gathering space with restaurants and an ice skating ribbon.
The groundbreaking marks a significant milestone for Clyde Companies, which is celebrating 100 years since its founding in Springville in 1926. The company currently has eight subsidiaries employing over 6,500 people throughout the Intermountain West. This project is separate from the construction of the company's new corporate headquarters located at the site of the former W.W. Clyde and Co. yard and shop.
Springville Mayor Matt Packard expressed appreciation for Clyde Companies' connection to the city. Provo Mayor Marsha Judkins stated the development is a vital step in revitalizing an area of Provo that has lacked housing and has faced economic stagnation.
