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Show Ziegler drops 'Village' name and diversifies by Christopher Smart The real estate firm of Park City Village Associates, headed by broker Robert Ziegler, is diversifying its interests and has returned to its original name of R.H. Ziegler and Associates, Inc. Ziegler said his firm is no longer tied exclusively to the Resort Center project. "Park City Village" is no longer, Ziegler explained, because its name was According to Sturges, the four-bedroom cottages list as low as $485,500. The five-bedroom units go as high as $512,500. Comparable housing in Deer Valley costs $150,000 to $200,000 more than Aspen Hollow, Sturges maintains. There are reasons why Aspen Hollow's cottages can sell for less, he said. For one, the cottages offer two-car garages :::V.1o:r:.,:--,;''-- " ' - ' C". t .;:; ...' . .... , , ji;-,;-.;,,:?; ;J- X ' '. " ' ;!!$? (t U I L ddi ; : li I Dave Sturges is sales manager. changed to The Resort Center. Later, the Park City Village Management Company was acquired ac-quired by Jupiter Property Management. Ziegler's firm has remodeled its Resort Center offices to accommodate an expanding staff which now stands at 13 members, he said. With the firm's growth, Dave Sturges has been appointed general sales manager. R.H. Ziegler and Associates is now handling the Vantage Point condominium project (formerly the Cornice) at the Resort Center and will be the exclusive agent for the new Aspen Hollow project at Deer Valley. Sturges describes the Aspen Hollow project, which will open in February, as "unique." He said the Deer Valley housing development is not a condominium project. Rather, it is a planned unit development (PUD) made up of cottages. The development plans include 19 units. The first phase, eight cottages, is now under construc tion by W.A. Francis, a Salt Lake City construction firm. Aspen Hollow is being developed de-veloped by EJH Development, which has financial interests in San Diego and Chicago. rather than underground parking. Cottages differ from a condominium condo-minium project in that no common space requirements are necessary. "In order to be successful, we had to do something a little different," Sturges said. The cottages will be located in an aspen grove near Silver Lake. Two units in the first phase have already been sold. Beyond broadening its Park City real, estate base, R.H. Ziegler and Associates has created a "commerical division," according to Ziegler. Ron Frasco will be the new commercial division manager for the firm. Ziegler said that his firm deals regularly with "corporate giants." "We want to be able to place them in the commercial market whether it is here or in Salt Lake City," he said. ' High tech industry's are now looking to Utah, Ziegler maintains. main-tains. There are many lifestyle advantages here and "plenty of land to develop," he said. Ziegler said he is very optimistic about the upcoming year in Park City and Utah as a whole. R.H. Ziegler wants to keep pace with Utah's growth. "We want the ability to market here and outside the area," he said. |