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Show Business Sat/Sun/Mon/Tues, May 5-8, 2018 The Park Record. The Park Record NBA ALL-STAR TEACHES KEYS TO TEAMWORK, A-8 www.parkrecord.com A-7 A-7 MAIN STREET BOUTIQUE TAKES FLIGHT, A-8 SAT/SUN/MON/TUES, MAY 5-8, 2018 Editor: Carolyn Webber business@parkrecord.com 435.649.9014 ex.118 New development is for jacks of all trades CHAMBER/BUREAU TO HOST TRAVEL RALLY DAY Units can be used for commercial, retail and residential space The Park City Chamber/Bureau is set to host a Travel Rally Day at the Kimball Junction Visitor Information Center on Tuesday, May 8, from 11:30 a.m. to 1:30 p.m. According to the Chamber/ Bureau’s website, the event is to celebrate the importance of the tourism industry on Park City’s economy during National Travel and Tourism Week. The event is free and open to the public. The American Red Cross Bloodmobile will be on site to accept blood donations during the event. LOCAL BUSINESSES WIN BEST OF STATE AWARDS The awards program Best of State recently named multiple organizations in Summit County as the best in Utah. According to Best of State’s website, The Arena at Blue Sky Utah in Coalville won best wedding venue, Newpark Resort in Park City won best vacation resort, Westgate Park City Resort and Spa won best ski lodging resort, Stein Eriksen Lodge won best resort hotels/ lodging, Serenity Spa by Westgate in Park City won best destination spa and Destination Hotels Utah in Park City won best hospitality service. In the dining category, Drafts Burger Bar won best American pub and gourmet burgers, Szechuan Chinese Kitchen won best Szechuan and Edge Steakhouse won best steaks, best wine service and best chef with its chef Ivan Ruiz. CAROLYN WEBBER The Park Record Soon after Park City Brewery started making its first batches of beer three years ago, Scott Ray, co-founder, said he realized that the business was going to need a bigger, more permanent location. After years of looking, the brewery hopes to move into its new home at Quinn’s Junction by the fall. Park City Brewery and several other businesses are filling spots in Park East II, a new multi-use development that can be used as living, commercial or retail space, said Derek Erickson, the developer of the units. The first of the 48 anticipated units are under construction and expected to be completed in the fall. It is located on the east side of U.S. 40 at 4554 North Forest Dale Road. The units are zoned for service commercial, which allows Erickson to cater to multiple individuals and organizations. So far, there will be a software business, a construction company and a car and motorcycle collector to accom- PHOTO BY ROCKY MALONEY The Park East II development is currently under construction in Quinn’s Junction. Businesses such as Park City Brewery are excited at the prospect of owning their own units and tailoring them to fit their needs. pany the brewery. “It has really run the gamut,” Erickson said. ECONOMIC SUMMIT TO TAKE PLACE MAY 15 The Park City Chamber/Bureau and the Heber Valley Chamber of Commerce are scheduled to host the Wasatch Back Economic Summit on May 15. The event, which will cover the key issues facing businesses in Summit and Wasatch counties, is scheduled to take place from 8 a.m. to 1:30 p.m. at the Zermatt Resort in Midway. The keynote speakers will be Derek Miller, president and chief executive officer of World Trade Center Utah, and Natalie Gochnour, director of the Kem C. Gardner Policy Institute at the University of Utah. To register, visit the Chamber/ Bureau website. PHOTO BY ROCKY MALONEY The interior of the units at Park East II. They have a footprint of 1,800 square feet. The units have a footprint of 1,800 square feet and can be anywhere from one to three levels in height. Those who purchase a unit must buy it in its entirety. Jared Higgins, a general contractor at the construction company I-Build Utah, plans to use his unit for a warehouse, offices and a little apartment above. The zoning classification allows for an “accessory dwelling,” Erickson said. Business owners or employees can live in the space, but the living area must remain under 1,000 square feet in size. Higgins said that owning the property rather than leasing it will save him money in the long run. He has been leasing space in Heber for about two years. “I just think it is smart,” he said. “You are paying the same payment, so you might as well own it. And any upgrade you put into it, it is your upgrade.” Plus, he added, he will own the eq- uity in the property when he is done using it. Erickson said that many of the businesses that are moving into Park East II or moved into his previous development Park East I in Wasatch County told him they would be able to purchase space with him at a lower or equal rate than they were paying in a lease. In Summit County, lease rates are high and vacancy rates are low, he said. “Traditionally, what we have been seeing is that the cost of leasing is as much or greater than what ownership would be, without the benefit of equity build-up,” Erickson said. Erickson has been building multi-use developments in the Midwest for several years. When he came to Park City, he realized that there was a need to bring similar structures here. He found land in Wasatch County near the former Stock Lumber property and built Park East I. 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