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Show Volume One February 14, 1980 Number 11 Building Goes On At Record Pace Permits for almost $22 million in new construction were granted during 1979, according to figures released Monday by the office of the Park City building inspector. Although complete totals for 1978 are not available locally, partial figures suggest that the value of new construction construc-tion in Park City doubled between 1978 and 1979. The total assessed valuation of the new buildings amounted to $21,711,791 and the fees paid to the city totalled $1,485,356. The fees included in-cluded building permits, impact fees, water hookups and sewer hookups until un-til Sept. 1 (when that function was taken over by the Snyderville Sewer District). Permits were issued last year for 144 single family homes, 128 condominium con-dominium units, two hotels (with 94 total units), 11 duplex buildings, four 4-unit buildings, one 5-unit building, two 6-unit buildings and five 8-unit buildings. The new commercial construction con-struction included two retail stores and five office buildings. In addition, permits to pour footings were issued for the Miner's Hospital, the second building of the Park Station Hotel complex and a model unit above the Sweetwater Lift Lodge. The total for 1979 also includes 49 permits for remodeling and additions. The busiest month for the building inspector's office last year was August when $4.78 million in new permits were issued. In 1978 the busiest month was May, when the total for new permits per-mits approached $3.1 million. In spite of the current high interest rates and the tight money supply, the Park City building boom shows no signs of slowing down, according to Planning Director Bill Ligety. "It really seems like there are a lot of people who have sources somewhat resistant to current economic conditions con-ditions or are banking on an improvement im-provement in econimic conditions," . Ligety observed. He pointed out that a developer has a year after he receives a building permit per-mit (or 18 months if he wins an extension) exten-sion) before he must start construction. construc-tion. "I imagine some of the projects that are in now might be looking ahead to 1981 construction, especially the larger projects where there are so many more complexities." Since the beginning of the year, Park City has been featured in two widely-circulated widely-circulated publications. "I would expect ex-pect that the recent articles in the Los Angeles Times and the U.S. News and World Report will send more developers from outside looking at potential projects," Ligety said. He noted that several large-scale projects are scheduled to come before the Planning Commission this spring. "We have a proposal for a development develop-ment around the base of the resort which would be about 1,000 units", he said. "And it seems we'll see several Deer Valley projects underway this year." The resort proposal, tentatively named Park City Village, would be built over the present parking lot. It is the brainchild of San Diego developer Jack Davis. Among the Deer Valley proposals is an 80-unit planned unit development, Ligety said, and a 274-lot subdivision will appear on the Planning Commission Com-mission agenda in March or April. "And we'll probably see the first development on McLeod Creek and Prospector Ridge. It seems there's a quite a bit of space opening for residential residen-tial development." "We also have the possibility of an annexation (Round Valley)," he added. "That's a project of major proportions." propor-tions." The Round Valley project would involve in-volve more than 300 units on about 340 acres. Ligety noted that the proposed construction con-struction is not restricted to the north end of town. "We still have a number of small projects in the older part of town, primarily multi-families." Neither has Main Street been overlooked in the building boom. Two new hotel-commercial buildings have been proposed: one next to the Design Coalition building (now under construction) con-struction) and another on the other side of the street. (It seems like Main Street is experiencing more activity than it has seen in a great many years," Ligety said. "I would think that the Park Station Hotel and the other two new ones should bring some new life to Main Street." The Prospector Square area also is getting its share of attention, he pointed poin-ted out. A total of four new office buildings are in the planning stages. .&. WWli'.ML::JBMWfc SflBlKi. "1 l ' '! 1 4 . 1 - t" ' llUyff" f " ""is-. I 'MV,: life I - - 1f! - 'k rr B rVit;:- r; t If i jr hi : ' . ill'.-' .."r,'-.it.- " ' T lit'-' ' if j& "So it seems like there's some commercial commer-cial activity there also." According to The Park City Investor, In-vestor, a semi-annual newsletter published by the Coleman Land Company, Com-pany, Park City's "pillow capacity" has risen to 5,800, an increase of 1,300 over the previous winter. The newsletter newslet-ter also lists several major projects which will add to this capacity within the near future: The second and third phases of the Park Station Hotel, each containing 40 units, are scheduled for completion by next winter. The first 20 units of the Shadow Ridge Condominium-Hotel went on sale Feb. 1. The complex will be located at the base on the resort parking lot. The 54-unit Snowcrest Hotel; now under construction, should be ready for occupancy this spring. The units are being sold as condominiums. The first 16 units of the Saddle Condominiums should be completed about April 1-. The total project will consist of two phases and 30 units. About 100 low-cost housing units are planned for the Iron Horse Drive area hear Mt. Air Market. Developer Jim Gaddis now is investigating the possibility of federal assistance in financing the project. Other major upcoming projects listed by the newsletter include two large office complexes: the 41,000-square-foot Park Meadows Plaza at the entrance to Holiday Ranch, and the 42,000-square-foot Whiskey Springs Professional Center at the corner of park Avenue and Snow Country Drive. Several major residential developments develop-ments also are underway in the Snyderville area north of Park City. According to tne newsletter, tne tirsi 64-lot phase in the Silver Springs planned plan-ned unit development is nearly sold out, even though sales did not begin until after the prime rate was raised in October. And the 1,200-unit Jeremy Ranch project on the north side of Interstate In-terstate 80 is well underway, with about 70 percent of the lots in the first two phases already sold. |