87 acres of mixed use development opportunity.
The Deer Cove Master Planned Community (87 gross acres) represents one of the largest entitled mixed-use communities ready for development in the Park City/Deer Valley/Jordanelle Reservoir region. An infill location, with the closest proximity to existing on-mountain, freeway, and other public infrastructure, Deer Cove is located adjacent to U.S. 40, just off the Mayflower Interchange and within walking distance to both the Deer Crest Gondola and Jordanelle Reservoir. Deer Cove, with entitlements/approvals in-place, along with four on-mountain proposed luxury resorts developments will mark the beginning of the final build-out of the world-class Deer Valley/Deer Crest submarket. As such, with commanding mountain and lake views, from a mixed-use residential and hospitality perspective, Deer Cove is uniquely positioned to capture a broad spectrum of potential home buyers and hospitality patrons, who desire a value-oriented, year-round, contemporary alternative to the numerous near-by five star luxury on-mountain resorts and first generation homes located in the Park City/Deer Valley market. In addition, the Jordanelle Specially Planned Area (“JSPA”), approved by the Wasatch County, entitles Deer Cove to be the central residential/hospitality community of the JSPA, allowing the highest density/visibility of commercial uses, and the only community with direct on-site access to the Deer Crest Gondola. As an alternative to this proposed Deer Cove Master Planned Community (detailed below), the 87 acre site provides an ideal setting for corporate owners/users to create a fully integrated campus environment with commanding views of Jordanelle Reservoir, Deer Valley® Resort ski runs, and exceptional visibility from U.S. 40. As an example, Adobe Systems recently completed their 600,000 sq. ft. campus in Utah.