Uncategorized March 5, 2020

Three New Developments Coming to Park City

During the winter months, Park City is bustling with outdoor recreation and wildlife, and is a paragon of healthy living and luxury. So, when it comes to new developments in the area, you already know the standards are set very, very high.

With three new projects well under way, we’d like to take a moment to walk you through some of these exciting locales on the off chance your might not have heard about them. Without further ado, let’s pumped for the newcomers on the scene!

The Mayflower Rendering Courtesy of Extell Development

The Mayflower

If you haven’t heard of The Mayflower (the resort, not the English ship from the 1600s) The Park Record has been covering this development since 2019. Utah Business also had some thorough insights as things continue moving forward, and are some of our favorite juicy details about this development:

“Most notably, a brand-new resort will transform the hills overlooking the Jordanelle reservoir. On the opposite side of the same mountain that hosts Deer Valley, the Mayflower resort will cover nearly 6,000 acres—almost three times the size of Deer Valley—and contain the world’s largest ski beach. (What’s a ski beach, you ask? An oxymoron, etymologically-speaking. But they’ll have the biggest.)

“Mayflower “could have up to 1,560 residential units, 800 hotel rooms, 95,000 square feet of workforce housing, and 250,000 square feet of commercial space,” per Salt Lake Tribune reportage, though the project has its share of controversy. On the plus side, it functions as a recreational military facility, with 100 rooms reserved for military members to use at a discount.”

There is a touch of controversy surrounding this project – mostly due to it’s location in the foothills of Jordanelle – so if you’re interesting in reading up on that, feel free to check out either of the articles we sited above.

 // Courtesy of St Regis

The St. Regis (Expansion)

As described by Marriot, The St. Regis at Deer Valley strives to “create an atmosphere of exquisite, immersive experiences — with obsessive attention paid to every detail and desire — that transport you to a world of extravagant discretion. Our mountainside resort hotel in Park City, Utah redefines luxury with subtle sophistication and thoughtful accommodations.”

The fact that it is expanding means that there will be more of this fantastic resort community to love. CPE (Commercial Property Executive) published an article that details the cost of the St. Regis expansion, as well as some of the added features.

Sonnenblick-Eichner Co. has arranged $60 million in financing for St. Regis Deer Valley, a AAA Five Diamond year-round destination resort in the Deer Valley ski area in Park City, Utah…

“…Deer Valley was purchased last August, before it was a St. Regis, by affiliates of KSL Capital Partners and Henry Crown & Co.

“Those two entities had just weeks prior finished combining Intrawest Resorts Holdings Inc., Mammoth Resorts and Squaw Valley Ski Holdings into one company, which owns 12 four-season mountain resorts with 6 millions skier visits and 20,000 skiable acres, along with “significant land available” for future development.”

We are waiting with baited breath to see the unveiling of what promises to be a sumptuous addition to an already stunning resort.

Image result for the pendry park city

Courtesy of Pendry Residences

Pendry Residences Park City

Much like the Mayflower, The Pendry is a complete new-comer on the Park City scene. With a budget of $165 million, this resort promises “152 guestrooms and suites―condos too. Restaurants, spa, and a fitness center round out the package.” There isn’t much more to know just yet about what the aesthetic will be, and there haven’t yet been any renderings released to the public, so only time will tell which features will become favorites among the guests.