If you have been to Downtown Provo anytime recently, it looks strikingly different than it did just 5 years ago. Sure, there is the fantastic Provo City Center Temple, built from the Provo Tabernacle, but also many of the historic shops and buildings have been restored.
Interestingly, the City of Provo has been offering a Downtown Facade Grant. As business owners commit money to remodel older buildings, they receive matching funds to spruce up their storefronts as well. It has made a big difference and has transformed the downtown from a dilapidated, vacant feel to a thriving marketplace. Many restaurants, shops, tech companies, advertising agencies, and so forth have been moving downtown, and foot traffic has increased dramatically.
This improvement is one of several things that has been making home prices in Provo soar. The great schools, Google Fiber, the Provo recreation center, and city culture have helped as well.
It is an exciting time to invest in Provo, especially downtown where improvements are far from over! Many developers have been purchasing properties for apartment buildings, a movie theater, and additional shops. It is truly becoming an urban downtown, attractive to both empty-nesters and young professionals. If you would like to learn more about investing in Provo, please call me at 801-830-2006 or email at firstname.lastname@example.org.