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NEWS RELEASE

Lex Apartments – 144 Units of Market-Rate Apartments - Tooele, Utah

SALT LAKE CITY, UTAH: April 24, 2020

Lex Apartments, LLC announces the acquisition of 7.32 (+/-) acres of prime apartment ground located inside of the Lexington Green at Overlake Master Planned Community. The developer, Zenith Development, plans to build 144 units of market-rate apartments – comprising of 4four 12-plex buildings and four 24-plex buildings, along with a club house for residents. Units will range from 960 – 1,084 SF for the 2-Bedroom 2-Bathroom units & 1,238 SF for the 3-Bedroom 2-Bathroom units. All units will include washer/dryers, master suites with en-suite bathrooms, well-appointed kitchens, jack-and-jill bathrooms, walk-in closets & balconies. Amenities will include a large club house with full work-out facilities, pool, spa, changing rooms, grilling area, private dog wash, offices, gathering & media room. In addition, the apartments will include covered parking, a dog park, children’s play areas, gathering areas & fire pits.

“We’re excited to be a part of the Lexington Greens Community.  We believe that the addition to market-rate apartments in a family-friendly Master Planned Community parks, biking & walking trails and amenities is something that will complement the Lexington Greens Master Planned Community,” says Matt Smock, Managing Director of Zenith Development.

Zenith Development is working in collaboration with JWZ Architects, Tully Design, Highmark Construction & Rockworth Property Management. Anticipated construction should commence in June 2020 & should take 18-months.

Zenith Development is a boutique real estate development firm with offices in Salt Lake City, Utah. The company focuses on Master Planned Communities, Mixed-Use developments, apartments, townhome developments & assisted living facilities.

2040 Murray Holladay Road   Suite 204   Salt Lake City, Utah 84117
801.428.3755     www.zenithpartners.org