Park City Development

Park City’s Newest Neighborhood: Park City Heights

By April 29, 2017 No Comments

Park City Heights is an exciting new residential development within the boundaries of the Park City School District consisting of 239 homes with an attainable housing plan (a mix of market rate and affordable housing homes and townhomes).  It’s located just out of town, south of Route 248 (Kearns Boulevard) off of Richardson Flat Road.  This is on the right before you get to the light near the Film Studio and the Quinn’s Junction ball fields.

Ivory Homes purchased the 239 acre parcel from the city and The Boyer Company.  The city was looking to accomplish both green building and affordable housing so the sale went through with certain stipulations.  It was agreed that all homes in Park City Heights would achieve the Green Certification by the National Association of Home Builders or LEED Silver Certification. The project includes 239 homes in total (211 single family homes and 28 town-homes).  Of the 239 homes, 160 are market rate single family homes which include the Cottage and Homestead home-sites.  There are also 79 Attainable (Deed Restricted) Homes (35 Single Family Park Homes, 28 Town Home Park Homes, and 16 Single Family Cottages) for Primary Residents of Park City that also work full time in Park City and meet other requirements.

After a successful early roll-out  in 2015 and intense interest from local residents Ivory struggled with delays.  Ivory Homes sales consultant, Troy Goff, recently gave a presentation to Jess Reid Real Estate agents. When asked what took the project so long to make progress he cited the unanticipated discovery of mine-tailings (supposedly the city was unaware of a soils issue when they sold the property). The city stepped in to help offset the costs of mitigating the soil issue – but the process of coordinating and soil removal took time.  Then there were challenges related to getting permits for the single family homes.  Applications for the deed restricted units were processed last Fall.

3 types of homes in Park City Heights and a mix of Mountain, Mining and Modern designs:

  1. Park – (Affordable/Attainable)- 35 Single Family Homes and 28 Town Homes. All Deed Restricted.  Park homes are deed restricted but have no income restrictions. They can only appreciate 3% each year and have a 7% cap on improvements.
  2. Cottage –  61 Market Rate Homes and 16 Deed Restricted (Affordable/Attainable Homes).
  3. Homestead – 99 Custom Home-Sites. All homes will be market rate.

Park City Heights homes are all:

  • Green Certified and considered LEED Silver
  • Rental prohibited, required to have full time residents
  • Pet friendly and enjoy their own community dog park
  • Part of HOA with low fees

ShowImageResidents have 171 acres of opens space, easy access to the historic “Rail Trail,” miles of new and existing hiking and mountain bike trails, a 5.7 acre dedicated park with a playground, dog park, grass fields and more. Residents will also enjoy a private swimming pool and hot tub, 3,000 square foot club house, community garden, a bus shelter and many other amenities. The city owns the roads.  A traffic light has been approved at the intersection of Richardson Flats and Route 248.

PowerPoint Presentation

 

 

 

In my opinion the delay hasn’t hurt Ivory Homes.  For one thing, the market has improved over the course of the last year.  And as long as the market stays strong for a while it may prove to have been helpful.  The protracted time-frame just seems to have increased  anticipation and interest for the product.  From a Realtor’s perspective it seems to have garnered a higher than usual amount of public interest partly due to the delay.

This is an exciting new addition to Park City.  Park City Heights has all the hallmarks of being a special community – the potential vibrancy that comes from people living together in a mix of different types and sizes of dwellings, well thought out common areas, access to the school district and great proximity to town.

Links to brochure and floor plan

Please contact me if you are interested in knowing more about Park City Heights.

Tom Ward, Realtor
435.647.3727
Tom@PCNeighborhoods.com

 

 

 

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