Utahopia Real Estate Blog

Mayflower Mountain & Extell Update

By utahopia
Jul 17, 2019

We have mentioned that a lot of changes are coming to the Mayflower side of Deer Valley - check out our earlier post on the initial plan and the goal to for this side of the mountain to be its own new resort community: http://utahopia.com/blog/mayflower-mountain-resort

Over the next few years this area will be transformed commercial space, public gathering areas, recreation facilities, expanded ski areas, and three hotels making the area a world-class destination for year-round recreation.  In 2007, this area of Mayflower and parts of the Jordanelle area received designation for further recreational and commercial development. Since then the MIDA (Military Installation Development Authority) group and Extell have come together to present a plan that will transform the area. According to Hontz, Extell owns about 5,100 acres but plans to keep a vast majority of that land open for trails, and about 1,200 acres of additional skiing. One of the largest portions of the of the project will be a conference style hotel that will feature 400 rooms with a total footprint of 600,000 square feet. Construction began earlier this summer with clearing of trees for the future ski beach with the ultimate goal being a walkable community. All areas of the village concept will be within a radius of a quarter mile.

Here is the latest slide presentation from the Wasatch Back Economic Summit where Extell informed us of the current operations going on:

https://www.gohebervalley.com/media/uploads/files/wasatch%20back%20economic%20summit%20presentation.pdf

 

Below is a little more on MIDA and how this partnership came about:

What is MIDA? – MIDA is an authority created by the Utah Legislature in 2007 to facilitate the development of military land in Utah. It serves a dual role of helping strengthen the military presence in Utah while stimulating the State’s economy. Specifically, MIDA was created to act as an independent, nonprofit, separate body corporate and politic, with perpetual succession and statewide jurisdiction, whose purpose is to facilitate the development of military land in a project area; exercise exclusive police power within a project area (unless delegated), including the collection of regulatory fees; receive tax increment and other taxes and fees; and issue bonds to finance the undertaking of any development objectives of the authority. MWF and MWR - The purpose of the proposed Military Recreation Facility (“MRF”) Project Area (“Project Area”) is to provide the military with a “Morale, Welfare and Recreation” facility or hotel (similar to other facilities they have around the world) in a ski resort setting. To have a quality military recreation facility, the desire is to locate the hotel in a larger master-planned development that provides a four-season recreational opportunity, including skiing, fishing, boating, hiking, mountain biking, and golfing. The surrounding development would include villages with other hotels, restaurants, night clubs, spas, and other commercial amenities. This necessitates the inclusion of non-military land in the Project Area. – By an act of Congress, the Air Force was granted a parcel of property in Summit County (“Red Maple Parcel”) on which it could build the MRF or traded it to another location. Wasatch County granted its irrevocable consent to create the Project Area on February 16, 2011 which included at the time 2,600 acres.

Black Rock Mountain Resort

By utahopia
Jun 25, 2019

BLACK ROCK MOUNTAIN RESORT:

Driving into Park City on the right side, across from the lumber yard and under construction now is the Black Rock Mountain Resort (BRMR), which is approximately 500,000 square feet coming to the North shores of the Jordanelle.  The landmark of BRMR is to offer luxury living in Park City at affordable prices.  These condos start in the low $400ks for 1,277 square feet.  Three different floorplans are offered with 2 and 3 bedrooms, as well as lock-out options to maximize rental income.  HOA fees start at $499/month and include High Speed Internet, Phone, Cable, Sewer, Water, Trash, Underground Parking, Snow Removal/landscaping, Exterior and Common Area Maintenance. The amenities for this resort are quite expansive, including:

Year Round Heated Pool, Fitness Center, Game Lounge, on-site restaurant Local's Favorite Maxwell's east coast eatery Restaurant and Bar, a Market & Cafe, underground parking, owner and guest storage, conference space, and a year round indoor ice event center. BRMR will boast a brand new, state-of-the art Ice Event Center containing two indoor and one outdoor ice rinks with stadium seating for up to 500 spectators to highlight and be a destination for hockey teams and tournaments.

 

From KPCW interview: Developer Rich Wolper says that the big pull for the resort will be their event center, which may even be able to bring the National Hockey League’s Los Angeles team to the center for training. “We’ll host hockey tournaments,” Wolper continued. “We also will be able to melt the ice. Do small intimate concerts, comedy shows, some stuff we’ve been talking about. We met with Luc Robitaille of the (Los Angeles) Kings and they want to bring their summer camp or training camp there. One of the main draws for that is we’re an NHL size rink, as opposed to most of the rinks in Utah are Olympic sized. He wanted to practice on NHL sized ice like his team plays on. Another draw was the fact that we’re at 7,000 feet of altitude and we’ll have a high-end workout facility. The other side is each hotel room is 1,300 square feet with a full commercial kitchen and they’ll have privacy. They could either have room service, eat at Maxwell’s or they could cook their own food a lot of these guys are on special diets.”

The developers are also working with local groups to meet the demand for ice including Park City Ice Arena.

“They want to join forces on a bunch of stuff,” Wolper said. “I’m not really sure what that looks like yet but there’s just not enough ice (currently).  I met with Park City Miners who are a youth program and they have 250 kids and they’re dying for ice at different times. Where they don’t have to have these kids eating at 11:00 at night or driving all the way into Salt Lake City. In addition, Justin and I own a Junior A hockey team in the Western States Hockey League. We have kids from all over the world that play hockey for us in order to get NCAA scholarships and pro contracts. Those kids are 18-21 so they’ll be at the rink every single day, working out, skating. Then we’ll have our games there, showcases there, tournaments, you name it.”

The developers have also met with US Figure Skating, and Park City Curling about using the facilities.

The ice rink would not be able to host Olympic hockey events at a hypothetical 2030 Winter Olympics but might be able to hold other ice events.

“Figure skating and curling could come over,” Wolper explained. “Short track speed skating possibly. With Park City having the Olympic sheet over there it gives best of both worlds.”

The event center is hoping to open Spring of 2020. Contracts for the condos start to become available in the next few weeks.

Tuhaye Neighborhood - Summer Update

By utahopia
Jun 14, 2019