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Show Deer Valley fuels second heaviest local construction year Deer Valley real estate glut. Here's a look at the Deer Valley projects, with a focus on what has been built and what is left to build. Silver Lake Located next door to the Little Belle project, the Stein Eriksen Lodge was the most active project in all of Deer Valley this past summer. A total of 32 units were added to the lodge. Twenty three of those comprised the whole of phase two, while the remaining nine closed out phase one. Currently under utility and preconstruction work required for the huge Deer Valley Inn. Actual building on the 342 room structure should begin next summer. Two other Silver Lake projects, located between Royal Street East and Royal Street West, are Trailslde and The Woods. Trailside has 24 units in its plan, but built only seven this summer. The Woods built only two of its 15. The Stag Lodge, located across the street from Trailside and The Woods, is a 50-unit development. Boesch predicted earlier about half The Macconerie, a 15-unit project at the switchback of Royal Street, finished this summer. Adjacent to that site, the Pine Inn was expected to build 48 units this summer. But footing and foundation work is ongoing on only 10 of those units so far. On the other side of the Snow Park parking lots, in the site formerly known as Aspen Terrace, is the Courchevel project. Forty units were planned for this construction season, but only 16 have been built, with footing and foundation work starting 7) Si!-.'' It-h'W& X 7 J M - 3 - m W w 1 Wi Deer Valley accounted for less than 50 percent of the total number of units built this year in Park City ... but almost two thirds of the total valuation. New lift, new building. It's all goin' up in Deer Valley. Foreground new Carpenter lift, background-Macconerie. pholo byChri,topherSmart construction is a convention facility. Set for next summer is the third phase consisting of 11 units. The Enclave planned to build 18 units this summer, adding to the 12 already on site across from Little. Belle. Only five were built. The Ridge, in the same vicinity, built 10 units of the planned 24 (six were already existing) and is working on footings and foundations for seven more. The Deer Valley Inn and the Sterlingwood projects are both adjacent to .the Stein's LodgeSilver Lake Lodge area. A portion of Royal Street has been relocated in front of those projects and the curve cut down to increase the land parcel for both projects. Sterlingwood built 18 units this summer. Fourteen more are due next summer. This summer was devoted to the completion of all of the necessary of the Stag would be built this summer, and he was right 24 units. In between the Enclave and The Woods is the site of the Silver Lake Cottages. Six cottages are currently in place, and at least six more were planned for this summer, but none were built. The Knoll, located in the middle of the other projects, was to have built two to four units this summer, but also had no activity. Finally, the Ontario Annexation, a 50-acre chunk of land located just off Highway 224 adjacent to the Silver Lake Area, had its first construction this summer. Of three planned development sites, only one the Ontario Lodge had any activity. Twelve of 52 units in the lodge were built this summer. Lower Deer Valley Down at the lower base, the Deer Valley community, six projects were planned for activity this summer. on another 10. At the end of Deer Valley Drive East (Queen Esther Drive) sits Queen Esther, which finished its expected 14 units this summer. Over on Deer Valley Drive North is Fawngrove, where only half of its planned 20 units (two ten-plexes) were built. Finally, the second most active project in Deer Valley this season was the Pinnacle, which is adjacent to Fawngrove. The Pinnacle is a large 86-unit project which had 38 units to place this spring. This summer was to see completion of the final 48 units, but only 27 were constructed. Boesch said many of the projects will probably build the remainder of their units within the next two construction seasons. He said he doesn't see a lot of new projects coming on the scene until after that time. by I iandy Hanskat The warning went out last April: If you thought Old Town looked like a construction battlefield, then Deer Valley would be worse. That was before the summer construction season actually got underway. That season is now history, and Park City was indeed a battlefield, as bulldozers met head on with cranes and jackhammers. In the prediction of more building for Deer Valley, which was based on planning department estimates, we forecasted . the building of from 274 to 316 units in all of Deer Valley (the upper part Silver Lake, the lower part-Deer part-Deer Valley community). What actually was built this summer was 192 units in all of Deer Valley, about two thirds what was r- expected by the planning department. depart-ment. Still, Dave Boesch of the planning department said this summer's Deer Valley construction rivals the huge year of 1981, when the majority of the original Deer Valley work was done. The only substantial projects outside Deer Valley were the Carriage House development in Prospector Square, which built 125 units, and the Resort Center at the Park City Ski Area. The Resort Center built 67 units in its most recent phase. Boesch said Ron Ivie, chief building official of Park City, found that Deer Valley accounted for less than 50 percent of the total number of units built this year in Park City. However, the high quality and value of the Deer Valley units made them account for almost two thirds of the total valuation. In all, Boesch said this year's valuation is up 60 percent from last year. He said he expects the final 1984 new construction valuation to wind up at about $53 million. That total will be Park City's second highest building year in history. The top came in 1981 with a valuation of over $74 million. ' If the Deer Valley projects had been built as expected, this year may have been close to 1981. Boesch wasn't surprised to see fewer units built than planned. He said most of the projects are phased so that more units aren't built than can be sold. He said if all of the projects had "built out" there would have been a |
