30%. It’s based on completed square footage and many projects are still under construction.
However, the "Resort Core" only has a few more parcels that are currently empty and will be built out eventually:
New High Speed Lift - in by next winter 2021 (in time for Pendry!), it might pivot @ Lookout.
New “Exit Only” lift from Tombstone to Village to download – will be online this winter to help alleviate the pressure off the Redpine area.
There will be new roads around the core of the Village (around Pendry and up past Lift and Apex, to shift traffic patterns).
It’s envisioned to be a "Stay & Play village, the goal is to not have a need for a car.
The main traffic conversation seems to be from locals and getting in/out of town.
New Employee Housing to be built, below Blackstone, #10 on map, by Columbus Pacific and they’ll start this next summer.
Owners and guests can utilize Canyons Village Connect (on-demand transportation) that will take you anywhere within the Village. (ex. Pick-up at Pendry to go to Waldorf Spa). PLUS, anchor properties are starting to run their own private complimentary transportation (ie. Waldorf runs their own on-demand shuttle which goes into town and to the junction. Pendry will have their own as well for owners and guests.).
The Vail/Epic pass has increased the rental capacity, awareness, and overall higher flow of vacationers to the area – for example, Hyatt seems to be booked at capacity ALL the time and more nightly rental locations are needed, and trying to promote the fact that renting a car isn't necessary.
Super easy to get to the Canyon Village, especially with the brand new SLC International airport (to be completed by 2022), unlike Colorado resorts and driving from airport through I-70, etc. to get to the mountains.
The Ridge: 44 new mountain contemporary townhomes, all direct ski-in/ski-out (ski trail goes behind Hyatt).
2 Design Packages to choose from (dark v. light).
4 & 5 bedrooms (2,600 to 3,600 SQ FT) with 2 car Garage (Apex is the only other competitor in terms of size).
No “clubhouse” which translates to low cost of ownership (estimated at $3 per SQ FT).
Allowing nightly rentals (on own, no management selected).
Prices start at $1.6M with first release of 5 units, construction starting Spring 2020 (final design choices for these must be selected by December 2019... NOW!)
Lift Park City - 59 of 61 developer residences under contract [new construction & closing NOW]
Hyatt Centric - 3 active | 9 sales in the last 12 months
Pendry Park City - 61 of 150 developer residences under contract [close to $80M in pre-construction sales volume, scheduled to open Winter 2021]
Sunrise at Escala - Hilton Timeshare property
Westgate - Timeshare and Whole Ownership, 7 active | 9 sales in the last 12 months
Silverado - [all resales] 6 active & 3 pending | 10 sales in the last 12 months
Red Pine Condos & Townhomes - 4 active & 3 pending | 16 sales in the last 12 months
White Pine Canyon Village - 5 of 30 homes available
Blackstone - 60 units, 10 active & 22 pending | 5 sales in the last 12 months
Canyons Village Employee Housing - accommodations located on eight acres in the Lower Village adjacent to the Cabriolet [Columbus Pacific is the developer, 1,107 pillows, and will begin Summer 2020]
Cabriolet Parking Lot - to be renovated with new pavement, lights, flower boxes, electric car chargers, and marked entry/exit points [renovations expected to begin Spring 2020]
Hidden Creek - 1 active & 1 pending | 12 sales in the last 12 months
Ascent Hotel - 120 unit Hilton Tapestry condo-hotel; rooms will be studio & one-bedroom mountain contemporary style that can sleep up to four guests [pricing available December 2019]
Viridian - 22 homes | 4 pending
Waldorf Astoria - 11 active & 1 pending | 13 sales in the last 12 months
Frostwood Villas - 26 homes | 6 active & 2 pending
Juniper Landing - 5 active & 1 pending | 13 sales in the last 12 months
Fairway Springs - 46 homes | 6 active & 1 pending | 7 sales in the last 12 months
Canyon Residences - 3 townhomes | pricing not yet published
Yotel Pad - 82 of 144 units pending [scheduled to open Fall 2020]
Grand Summit Hotel - Fractional Ownership available
Sundial Lodge - 6 active & 2 pending | 11 sales in the last 12 months
Apex Residences - 8 active & 32 closed | 63 homes
Vintage on the Strand - 1 active | 1 sale in the last 12 months
Stay up to date on the latest real estate trends.
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