JLL Capital Markets announced October 1 that it had arranged joint-venture equity for Six Ridge Partners’ 217-unit apartment development in Bluffdale. The five-story project at 15580 Plentiful Way is within the Independence at the Point master-planned community. JLL says the project broke ground in September.
The announcement did not disclose the equity amount or identify the investment partner. Those omissions limit what can be concluded about the project’s capital structure or financing terms.
According to JLL, Six Ridge owns the land outright, has secured entitlements and approvals, and has a guaranteed maximum price construction contract with Highmark Construction. First apartments are expected in August 2027, with completion projected for February 2028.
The transaction is a specific example of capital reaching Utah apartment construction. It does not establish that financing has broadly become easier across the market. Construction progress and delivery will determine whether the announced timetable is achieved; the dates remain projections.