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It’s official! Extell Development Company closed on their acquisition of the Stichting Mayflower parcel of land neighboring Deer Valley Resort on November 3rd after an extensive and exhaustive due diligence process. The 2,300-acre parcel in Wasatch County is just south of Deer Crest and west of the Jordanelle Reservoir and Highway 40. This acquisition, coupled with Extell’s Blue Ledge parcel, which consists of 40 acres north of the Mayflower land, is anticipated to provide an unparalleled platform for a new resort village and ski improvements.
 
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“The combination of these two prime parcels, in close proximity to the Deer Valley Resort and the Jordanelle State Park recreational area, offers a unique opportunity to create a year-round master-planned luxury resort destination, including, and perhaps, most importantly a new ski portal and alpine village,” said Van Hemeyer, Vice President of Acquisitions for Extell.

Development of the Mayflower and Blue Ledge parcels is anticipated to occur in multiple phases spanning three decades. “A strategic phased approach will allow us to meet market demands with new inventory and improvements ensuring that we do not outpace absorption, while managing our capital needs accordingly,” said Gary Barnett, President of Extell.”

Extell has been working with Deer Valley Resort® and ski engineering firm SE Group on possible additional mountain improvements, including new ski pods, lifts, day-skier amenities, and dayskier parking. Extell’s master plan will ultimately provide over 1,000 acres of new ski terrain and mountain recreation land.

Deer Valley's own expansion plans call for adding more than 1,000 acres of in bound skiing to the east side of Bald Mountain, below the Mayflower and Sultan Express lifts—which would add add more steep terrain to the resort profile and essentially turn nearby Heber into a ski town. As Deer Valley Resort's President and General Manager Bob Wheaton has voiced in several public meetings, "the north facing terrain within the Mayflower parcel will add some of the nicest terrain and glade skiing available."

This winter, Extell will work with Wasatch County planning officials updating and processing the pending development application which encompasses the Mayflower land and includes residential and commercial development on the site. Extell’s planning emphasis will be on a four-season resort focused on first-class outdoor living supported by upscale amenities, utilities, services and access.

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Interested?

If you would like to receive VIP Email Alerts with timely updates on available real estate within the Mayflower/Blue Ledge communities, please let me know.
 

About Extell Development Company

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality and mixed-use properties, operating primarily in Manhattan and other premier cities across the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by sophisticated design, gracious floor plans and first-class amenities. For more information, visit www.extell.com.




2967 Deer Crest Estates Dr
5bd  |  7ba  |  6,6395 sf  |  $5,400,000  


 

3003 W Jordanelle VW
6bd  |  8ba  |  7,796 sf  |  $6,000,000  

 



 

3127 W Deer Crest Estates Drive
5bd  |  7ba  |  8,280 sf  |  $6,900,000  

 



 

2848 Deer Pointe Drive
6bd  |  9ba  |  10,366 sf  |  $7,750,000  

 



 

3021 W Jordanelle Way
6bd  |  9ba  |  9,026 sf  |  $7,995,000  

 



 

10507 N Lake View Lane #14
3bd  |  3ba  |  2,354 sf  |  $1,300,000  

 



 

1289 Deer Park Circle #301
3bd  |  2ba  |  1,578 sf  |  $625,000  

 



 

1481 Stillwater Drive
4bd  |  4ba  |  3,642 sf  |  $679,000  

 



 

2923 W Jordanelle View Drive
0.76 acres  |  $2,495,000  

All Images copyrighted and may not be reprinted without permission by the listing brokerages or resorts. Please contact us for photo source. Credit to Deer Valley Resort TM and Listing Brokerages.
Copyright © 2017 Jerry Urwin - Lookout PC, All rights reserved.


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