Monday, May 30, 2011

Big Changes to The Bonanza/Kearns Area

Hi Everyone,

The following is an update on the Bonanza/Kearns-area development, which is in the preliminary stages of approval. Mark Fisher owns this large parcel, triangle-shaped, and has plans to demolish all buildings (including the Maverick station, Blind Dog, Park City Mountain Resort maintenance building and all in between). In their place, plans to build commercial, office and condominiums with open space.

Bonanza Park ideas, a bold set of blueprints, presented to huge crowd

Another interesting tidbit on Park City development/real estate sales: an investor group has purchased a significant amount of real estate in the past month, including the NewPark Hotel developer condominiums ($20M+), Fairway Springs developer condomiums at the Canyons ($14M), Silver Queen Hotel/Main Street ($4.95M), Silver Baron developer condominiums in Deer Valley, Red Stag developer in Deer Valley, the Imperial Hotel and adjacent lots/Main Street and additional Main Street properties, just in the past several weeks. A reflection of the present value and future projections. Excellent time to invest...

Karin