The Point Has Broken Ground in Draper. Here's What Actually Arrives, and When.

"You don't have to get in your car and head to Salt Lake." That is how Mike Ambre, executive director of The Point, described the goal for the former Utah State Prison site when he spoke to Building Salt Lake at the June 29, 2026 groundbreaking. He described the plan as "high-quality jobs," trails, parks, retail, and dining, all within the 600-plus-acre site.

That is the long-range vision. The schedule says something different. Most of what makes The Point appealing to a Draper buyer is planned for 2028, 2029, or later. That same schedule also adds 800 to 900 new for-sale homes on the west side of the site. If you're comparing Draper with other south-valley cities this fall, the timing tells you more than any rendering.

Every milestone on the calendar, as of October 2026

The June ceremony was the groundbreaking for Phase I. It came after years of work on underground infrastructure, and officials said the first buildings would soon begin to go vertical. Nothing at The Point has opened to the public yet. Here are the published dates, with each one's status as of today.

Look down the third column. The only work set to finish in 2026 is Porter Rockwell Boulevard and other backbone infrastructure. Everything a buyer would actually use, like the Promenade's shops, the event calendar, the train, and the medical campus, is at least two years out. Some of it is closer to a decade away.

A few details are still unsettled. Oak View Group, which will manage the event center, lists it at 5,000 seats, while KSL and Building Salt Lake report 5,200. KSL puts Chroma's ground-floor retail at 42,000 square feet. Building Salt Lake also reported that a roughly 60,000-square-foot office building called Amber is one of four buildings expected to go vertical within the next year. So far, none of the coverage names a retail tenant.

The schedule has moved before

A timeline is a forecast, and this one already has a track record. In March 2024, KSL reported that officials expected the first buildings to break ground in late 2024 or early 2025. The Phase I groundbreaking actually happened on June 29, 2026, about 18 months after the early end of that window.

Delays like this are normal for a project the size of a small downtown. They still matter for anyone deciding what to pay for a home nearby. Every date in the table above has the same caveat. The FrontRunner station is a good example. UTA and UDOT say construction could start "as early as late 2026" and be substantially complete in 2029, and that schedule "is dependent on federal grants."

The part of the plan that adds competition

Most coverage of The Point focuses on the event center and the Promenade. For anyone buying or selling a single-family home or townhome in Draper, the July 2026 housing solicitation may matter more.

The Point asked for development partners to build on about 50 acres in its River District. That area sits between Porter Rockwell Boulevard on the east and the planned Bluffdale FrontRunner station on the west. Don Willie, The Point's director of operations and external relations, told Building Salt Lake the goal is 800 to 900 units, all for sale.

The solicitation documents describe densities that look a lot like what many Draper buyers are shopping for today:

• Single-family homes at about 8.5 units per acre, which works out to an average lot of roughly 5,100 square feet
• Townhomes at 12 to 16 units per acre, on lots of about 2,722 to 3,630 square feet
• Low-rise condominiums at about 24 units per acre, with Area E, closest to the station, possibly getting more density as a transit-oriented development

The timing ties this back to the table. Developer selection is targeted before the end of 2026. Contract negotiations would run from December through March 2027, horizontal construction would start around July 2027, and vertical construction around March or April 2028.

So The Point's amenities and its new homes are on roughly the same schedule. When the Promenade fills in and the train arrives, a buyer who wants to live near them will have hundreds of new homes to choose from, in addition to existing Draper resales. A homeowner nearby who plans to sell around 2029 should expect to compete with new construction close by.

The solicitation also lays out who pays for what. The Point will build the main roads and hand them over to Draper City. The builders pay for everything inside their parcels:

Developers and builders "are expected to fund and build internal site infrastructure for the for-sale parcels, as well as internal parks, open space, and any amenities within the site boundaries."

Builders were also told to "assume that future tax revenues, PID levies, and other public finance tools are not available to them to fund infrastructure." Those costs will end up somewhere in the price of the new homes. When River District homes eventually hit the market, it will be worth asking the builder how their prices compare with nearby resales.

What today's market gives a buyer in the meantime

If the future gets crowded around 2028, what about right now? Draper-specific figures for August weren't available from the Utah Association of Realtors report system, so the closest current data is for Salt Lake County as a whole.

In August 2026, the county's median sale price was $554,990, flat compared with August 2025. Inventory rose to 4,140 homes for sale, up 12.9% year over year. Months of supply reached 4.0, up from 3.6 a year earlier. Closed sales fell 13.9% to 987, and homes took 56 days to sell, compared with 58 in August 2025.

Statewide, the UtahRealEstate.com MLS shows the same pattern. The August 2026 single-family median was $577,000, up 0.3% year over year, with listings up 9%.

Flat prices, more homes for sale, and fewer closings point to a market where buyers have time to compare and room to negotiate. That's useful leverage in fall 2026. When a listing near The Point leans on what's coming, the published schedule is a reasonable thing to bring into the conversation. The amenities are planned for 2028 and later, and so are the new homes that will compete for the same buyers.

Questions to settle before you write an offer near The Point

1. What is the listing price based on? If comparable sales don't support it and the pitch depends on the event center or the train, look back at the dates in the table.
2. How long will you own the home? If you're likely to sell before 2029, you'll probably sell into a construction zone. If you plan to stay longer, you'll likely be there when the amenities open.
3. Which way do you commute? Porter Rockwell Boulevard is targeted for late 2026 and the other main roads for summer 2027, so expect construction traffic in the meantime.
4. Has the River District builder been chosen? As of early October, no selection has been announced. Once one is, it will say a lot about the product types and price points coming in 2028.

FAQ

Is anything at The Point open yet? No. Phase I broke ground June 29, 2026, and the Mountain America Event Center is set to be the first building to go vertical. The first Promenade buildings are projected for late 2028 to early 2029.

Will TRAX run through The Point? None of the current sources confirm a TRAX line. The plans call for a new FrontRunner station in Bluffdale, next to the site, and the official framework plan describes two Bus Rapid Transit stops without an opening date.

When will The Point have trails and parks? The Phase One plan includes a 1.4-mile paved River-to-Range trail and a Central Green. Neither has an opening date in current coverage.

Where can I follow the decisions as they happen? The Point's board meets October 8, and agendas and past minutes are posted on Utah's public notice site.

If you're weighing a Draper home against The Point's timeline, Hannah Smith can pull recent sales for the streets you're considering, so your offer reflects what nearby homes sell for today. Let's Connect: Get Your Free Home Valuation.