Artspace Utah
Artspace Utah is a 501(c)(3) nonprofit founded in 1980 that develops, owns, and operates seven mixed-use properties in Salt Lake City providing 278 affordable residential units and 125,000+ SF of commercial space for artists, nonprofits, and small businesses.
- Company typePrivate
- Founded1980
- HeadquartersSalt Lake City, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Artspace Utah does
Artspace Utah is a 501(c)(3) nonprofit real estate developer founded by artists in 1980, headquartered in Salt Lake City, Utah. The organization develops, owns, and operates mixed-use affordable housing properties that combine residential units with commercial space for artists, cultural organizations, nonprofits, and small businesses. Its portfolio comprises seven properties—City Center, Norbridge Court, Commons, Solar Gardens, Greenery, Rubber Company, and Macaroni Flats—delivering 278 affordable residential units (priced for households earning 20-80% of Area Median Income) and over 125,000 square feet of commercial space across 109+ tenancies.
The underlying asset base reflects pioneering work in sustainable affordable housing: Artspace Commons is Utah's first Gold LEED certified mixed-use building, Solar Gardens (2013) was Utah's first net-zero affordable housing project with 859 solar panels, and Greenery (2017) was the second net-zero energy project. Commercial tenants include Umbrella Café, Saturday Cycles, Bouldering Project, Art Access, HEAL Utah, Sierra Club, and Community Development Finance Alliance, with the Spice Kitchen Incubator (a refugee business training program) operating at the Greenery property. Property management is delegated to third-party EMG Management, while Artspace itself focuses on development, asset management, and capital raising.
Artspace generates revenue through three streams: recurring rental income from residential units and commercial spaces (ranging from 300 SF storefronts to 6,000 SF commercial spaces, with quoted commercial rent of approximately $3,000/month for 1,943 SF at Norbridge Court), and tax-deductible donations processed via check or PayPal supporting capital campaigns such as the Norbridge Court renovation. The organization finances projects through a complex stack of LIHTC, New Markets Tax Credits, Historic Tax Credits, and renewable energy tax credits, with major financial partners including Ally Bank, US Bancorp, American Express, Morgan Stanley, Community Development Finance Alliance, Utah Housing Corporation, and foundations including the George S. and Dolores Doré Eccles Foundation, Sorenson Legacy Foundation, Kresge Foundation, and Mark & Kathie Miller Foundation.
Artspace Utah firmographics
Firmographics- Name
- Artspace Utah
- Legal name
- Artspace
- Website
- https://artspaceutah.org
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Artspace Utah is a 501(c)(3) nonprofit founded in 1980 that develops, owns, and operates seven mixed-use properties in Salt Lake City providing 278 affordable residential units and 125,000+ SF of commercial space for artists, nonprofits, and small businesses.
- Ownership category
- akta.pro rank
Artspace Utah industry classification
Industry- Product category
- Affordable Housing & Mixed-Use Real Estate Development
- NAICS
- Rental and Leasing Services (532)
- SIC
- Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Office Real Estate Asset Management (BPAJAMAG)
- akta.pro secondary industry
- Office Property Management (BPAJAGAA)
Keywords
Where Artspace Utah is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Artspace Utah business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Revenue model
- Commercial Space Leasing: Rental income from 20,000+ square feet of commercial space across seven properties, serving artists, nonprofits, small businesses, and retail tenants. Spaces range from 300 SF storefront units to 6,000 SF commercial spaces.
- Residential Leasing: Rental income from 278 affordable residential units including one, two, and three-bedroom apartments. Units are affordable for households earning 20-80% of area median income. Includes 62 two and three-bedroom apartments in Norbridge Court and various unit types across other properties.
- Donations and Charitable Contributions: Tax-deductible donations accepted by check or online through PayPal. Contributions support the capital campaign for property renovations including Norbridge Court Renovation and general operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Commercial space at Norbridge Court Suite 125: 1,943 SF |
| Other | Monthly | Residential apartments (one, two, and three bedrooms) - pricing not publicly disclosed |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Artspace Utah product offering
Product offeringCore offering
Artspace Utah is a 501(c)(3) nonprofit real estate developer that creates and operates affordable mixed-use live/work properties in Salt Lake City. The organization develops, owns, and leases 278 affordable residential apartments (studios, one-, two-, and three-bedroom units affordable to households earning 20-80% of Area Median Income) and over 125,000 square feet of commercial space across seven properties for artists, cultural nonprofits, community organizations, and small businesses.
Product overview
Artspace Utah is a 501(c)(3) nonprofit developer that creates affordable live and work spaces for artists, cultural organizations, nonprofits, and small businesses. The organization operates a portfolio of seven mixed-use properties across Salt Lake City: Artspace City Center (18 live/work townhouses + 20,000+ SF commercial), Artspace Norbridge Court (62 apartments + 20,000 SF commercial), Artspace Commons (102 apartments + 50,000 SF commercial, Gold LEED certified), Artspace Solar Gardens (30 apartments + 10,000 SF commercial, net-zero), Artspace Greenery (5,500 SF commercial, net-zero), Artspace Rubber Company (53 apartments + 10,000 SF commercial), and Artspace Macaroni Flats (13 apartments + 5,000 SF commercial). Combined, these properties offer 278 residential units and over 125,000 square feet of commercial space featuring artist studios, galleries, galleries, nonprofit offices, and small retail shops. The organization provides leasing services for both residential apartments and commercial spaces ranging from 300 to 6,000 square feet.
Differentiator
Problem solved
Functional benefit
Products and services
- Artspace City Center Historic rehabilitation of the ZCMI warehouse (built 1905) featuring 18 live/work artist townhouses, galleries, art studios, and over 20,000 square feet of commercial space for nonprofits and small businesses.
- Artspace Norbridge Court Four-story mixed-use building with 62 two- and three-bedroom apartments (affordable for households 20-80% AMI) and 20,000 square feet of commercial space for nonprofits and small businesses.
- Artspace Commons Utah's first Gold LEED certified mixed-use affordable housing project with 102 apartments and 50,000 square feet of commercial space, featuring solar photovoltaic window awnings and sustainable features.
- Artspace Solar Gardens First net-zero mixed-use energy building in Utah with 30 affordable residential units, 10,000 square feet of commercial space, and 859 solar photovoltaic panels generating power for the entire building.
- Artspace Greenery Second net-zero energy project with 5,500 square feet of commercial space, community gardens, and a cafe/community space occupied by Spice Kitchen Incubator for refugee business training.
- Artspace Rubber Company Renovated loft-style warehouse (originally 1915) with 53 affordable housing units (1-3 bedrooms) and 10,000 square feet of commercial space, featuring high ceilings, exposed brick, and community gardens.
- Artspace Macaroni Flats Historic rehabilitation of the Western Macaroni Manufacturing Company warehouse (built 1900) featuring 13 residential units and over 5,000 square feet of storefront commercial space with sustainable features including rooftop solar.
- Commercial Space Leasing
Quantifiable outcome
- 278 affordable housing units developed and maintained
- +4 more outcomes
Companies that use Artspace Utah
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles5 records
Artspace Utah technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Artspace Utah partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major.
- EMG ManagementmajorThird-party property management company managing all Artspace properties. Handles leasing, management, and maintenance inquiries for residential and commercial tenants across the Artspace portfolio.
- Spice Kitchen IncubatormajorFood business incubator tenant at Artspace Greenery (1,732 SF café and community space) providing business training for refugees and New Americans. Project of International Rescue Committee in partnership with Salt Lake County.
Scale indicators11 records
Recent moves11 records
Expansion highlights4 records
Artspace Utah competitors and assessment
Company assessmentBroad incumbents
- BRIDGE Housing Corporation: Nonprofit affordable housing developer operating primarily in California. Similar mission-driven model developing mixed-income and affordable rental housing using LIHTC and similar tax credit stacks, serving comparable low-to-moderate income populations.
- Enterprise Community Partners: Major national nonprofit affordable housing developer and LIHTC syndicator. Comparable as a large-scale mission-driven affordable housing organization that Artspace partners with (Enterprise Social Investment Corporation is a Norbridge Court LIHTC syndicator) and shares financing structures.
- Mercy Housing: National nonprofit affordable housing developer serving low-income households across multiple states. Operates a comparable portfolio of affordable rental housing using federal tax credits and is similar in scale and mission focus to Artspace Utah.
- Local Initiatives Support Corporation (LISC): National CDFI and community development nonprofit supporting affordable housing and economic development. Comparable as a nonprofit deploying LIHTC/NMTC capital into affordable housing projects, often in partnership with local developers like Artspace.
Direct peers
- Artspace (national organization): National nonprofit arts organization that pioneered the affordable live/work artist housing model. Artspace Utah is a local affiliate/sister organization using the same artist-focused affordable housing model in Salt Lake City, making this the most directly comparable peer.
- The Community Development Finance Alliance: Nonprofit CDFI providing New Markets Tax Credit allocation for Artspace projects (Solar Gardens, Greenery, Macaroni Flats). Functions as both partner and peer in deploying federal tax credits into community development real estate projects.
Regional players
- Utah Nonprofits Housing Association: Trade association representing affordable housing nonprofit developers operating in Utah. Comparable as an industry peer organization focused on the same regulatory and policy environment that governs Artspace Utah's operations.
- Preservation Utah: Utah historic preservation nonprofit. Comparable for Artspace's historic rehabilitation work (ZCMI warehouse into City Center, 1900 Western Macaroni Manufacturing Company building), where Artspace leverages Historic Tax Credits in a similar preservation-oriented approach.
- Habitat for Humanity of Salt Lake Valley: Local Salt Lake City-area affordable housing nonprofit, primarily focused on homeownership rather than rental. Comparable as a regional peer addressing housing affordability in the same SLC market, though with a different ownership model.
Others
- International Rescue Committee (Spice Kitchen Incubator partner): International humanitarian nonprofit running the Spice Kitchen Incubator that occupies Artspace Greenery. Comparable as a mission-aligned nonprofit partner and ecosystem tenant serving refugees and new Americans through Artspace's commercial space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Artspace Utah social profiles
Digital presenceArtspace Utah compliance and trust
Trust signalCompliance6 records
Artspace Utah financial estimates
Financial estimateRevenue estimate
Valuation estimate
Artspace Utah leadership team
Management profileNumber of profiles
Profiles17 records
Artspace Utah funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Artspace Utah M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Artspace Utah
What does Artspace Utah do?
Artspace Utah is a 501(c)(3) nonprofit real estate developer that creates and operates affordable mixed-use live/work properties in Salt Lake City. The organization develops, owns, and leases 278 affordable residential apartments (studios, one-, two-, and three-bedroom units affordable to households earning 20-80% of Area Median Income) and over 125,000 square feet of commercial space across seven properties for artists, cultural nonprofits, community organizations, and small businesses.
Is Artspace Utah a public or private company?
Artspace Utah is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Artspace Utah founded?
Artspace Utah was founded in 1980. It employs 1 to 10 people.
Where is Artspace Utah based?
Artspace Utah is headquartered in Salt Lake City, United States, in the North America region.
How does Artspace Utah make money?
Three revenue lines are on record. Commercial Space Leasing is the primary driver. The others are residential Leasing and donations and Charitable Contributions.
Who are Artspace Utah's main competitors?
Broad incumbents on record are BRIDGE Housing Corporation, Enterprise Community Partners, Mercy Housing and Local Initiatives Support Corporation (LISC). Direct peers are Artspace (national organization) and The Community Development Finance Alliance. Regional players are Utah Nonprofits Housing Association, Preservation Utah and Habitat for Humanity of Salt Lake Valley. International Rescue Committee (Spice Kitchen Incubator partner) is listed as an others.
Does Artspace Utah have an API?
No public API is recorded for Artspace Utah.
What industry is Artspace Utah in?
Artspace Utah's product category is Affordable Housing & Mixed-Use Real Estate Development. Its primary akta.pro industry code is BPAJAMAG, Office Real Estate Asset Management, with a secondary code of BPAJAGAA, Office Property Management. Its NAICS code is 532 and its SIC code is 6519.