Welcome to the ParkCityHomesForSale.co Blog

2017-11-17 15:00:00
NEW DEER VALLEY VILLAGE POISED FOR DEVELOPMENT

2,300 acres adjacent to Deer Valley acquired for Resort Village

A New York City firm has acquired more than 2,300 acres of land in Wasatch County next to Deer Valley Resort, a deal expected to hasten development on ground that has for decades been seen as a prime location for a large project.
 
Extell Development Company acquired the land from two firms under the corporate umbrella of the Netherlands-based Stichting Mayflower. The acreage is on the Deer Valley Resort side of U.S. 40 at the Mayflower exit. It is just south of Deer Valley's Jordanelle Express Gondola.
 
When the Mayflower land was put on the market, in the spring of 2014, it was publicized the acreage may have Wasatch County development rights involving approximately 2,400 units. A precise number was not available at the time. A co-listing agent at the time said the development rights included several hotels, houses and condominiums. A golf course was said to be possible.
 
The property was listed without a price in 2014. The acquisition price was not publicized. Extell Development Company also holds a 40-acre piece of land, known as the Blue Ledge parcel, north of Mayflower, according to the firm. The two properties combined are 'anticipated to provide an unparalleled platform for a new resort village and ski improvements,' a release from Extell Development Company says.
 
 
'The combination of these two prime parcels, in close proximity to the Deer Valley Resort and the Jordanelle State Park recreational area, offers a unique opportunity to create a year-round master-planned luxury resort destination, including, and perhaps, most importantly a new ski portal and alpine village,' Van Hemeyer, the firm's vice president of acquisitions, said in a prepared statement.
 
An Extell Development Company release said the firm is in discussions with Deer Valley about upgrades to the resort. It says the plans call for adding more than 1,000 acres of skiing terrain and unspecified mountain recreation land.
 
Blog Archive
2018-03-31 15:21:14
CURATE BY SOTHEBY’S INTERNATIONAL REALTY

2017-11-17 15:00:00
NEW DEER VALLEY VILLAGE POISED FOR DEVELOPMENT

2017-05-02 11:26:45
Building or Buying in Promontory - Which is Best?

2015-01-29 10:54:41
New Master Developer for Canyons, Park City

2015-01-29 10:43:29
Park City 4th Quarter 2014 Real Estate Statistics

2014-12-18 11:58:43
Montage Deer Valley Joins ALHI Roster

2014-12-10 13:49:46
Stein Eriksen Lodge Wins World's Best Ski Hotel

2014-12-10 13:41:47
Vail Resorts to invest $50 million in Park City Mo

2014-11-02 13:55:05
Park City 3rd Quarter 2014 Statistics

2014-05-02 16:20:49
Park City 1st Quarter Real Estate Statistics

2014-03-11 17:10:29
Vail Resorts' 2014-15 Epic Pass Now on Sale!!

2013-10-25 12:47:42
Park City 3rd Quarter Real Estate Statistics

2013-10-11 11:13:23
Vail Resorts' Epic Pass Comes to Utah!

2013-09-27 12:17:04
Park City's Big Three Are Still Top Ten!

2013-08-12 11:40:32
Park City Voted 'Best Town In America'

2013-08-06 11:04:06
Salt Lake City a Top 15 'Aspirational' City

2013-06-12 20:27:44
Park City Featured on Travel Show, Getting Away To

2012-04-17 08:03:54
Park City Homes for Sale and Setting your List Pri

2012-03-20 08:42:16
Showing Your Park City Home


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.