REAL ESTATE November 15, 2017

Mayflower Parcel Closes – Deer Valley Expansion Imminent

The Extell Development Company out of New York City has closed on the 23-hundred acre mountain parcel of Mayflower – paving the way for an expansion of the Deer Valley Resort.

Mayflower Development Company is exercising the development potential for the Mayflower Village & Resort at Deer Valley near Park City, Utah. The Mayflower Village & Resort’s 2,200 acres is under consideration to be a part of the One Wasatch ski area, which connects the seven central Wasatch ski areas using chairlifts and a network of ski runs. One Wasatch would create North America’s largest ski circuit, offering over 18,000 acres of terrain and over 100 lifts all on one lift ticket.
The Mayflower property supports a substantial new four-season village including condominiums, single-family lots, hotels, and commercial/retail lots. Mayflower Village & Resort at Deer Valley will include five lifts adding over 23 new runs to Deer Valley’s skiing operation and creating four distinct ski-in and ski-out residential subdivisions.

The area was recently featured in USATODAY’s story Bigger and better: Park City expands into USA’s largest ski resort. Larry Olmsted wrote in the piece, “Now Park City is enjoying yet another renaissance, one that may well make it the top ski destination in the country.”

The primary components of the Mayflower Village & Resort development will be completed over three phases over 25 years with parcels for vertical developers, pads for homebuilders, and finished single-family lots. The Mayflower property is located at the off-ramp of four-lane divided highway U.S. 40, providing a 35 minute, unobstructed freeway access to the resort from Salt Lake City International Airport.

This project is centered on the creation of a 2,350 unit high-end ski-in/ski-out village that will be integrated into the Mayflower Resort so that the guest experience at the village will be seamless with the resort.

In addition to a premier skiing experience, Deer Valley has established itself as a community providing a quality lifestyle for year-round residents. The Deer Valley Music Festival and summer concert series hosted on the mountain at the Snow Park Amphitheater draws and hosts some of the biggest names in music such as Bob Dylan, Jewel, and Willy Nelson.