News & Information about the latest real estate developments in Park City, Utah.

Buy a homesite or cottage at Red Ledges and get a new Mercedes-Benz!

Red Ledges is offering to new owners a Mercedes-Benz when you purchase a homesite starting in the mid $200s, or complete cottages starting at $1.2 million. New cottage owners can opt instead for a complete custom furnishings package valued at $95,000.

Red Ledges is a premier private recreational community located in Heber Valley Utah, which will encompass approximately 1,200 homes across nearly 2,000 acres. Red Ledges recently opened its 18-hole Jack Nicklaus Signature Golf Course and will host such amenities as a Nicklaus Design nine-hole short course; a Jim McLean Golf School; a Cliff Drysdale Tennis Academy; a premier spa and fitness facility; an equestrian center with indoor…

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Victory Ranch Golf Club Opens For Play

Victory Ranch Golf Club, the Rees Jones designed championship golf course, located in Kamas, Utah has announced that the course opened for member play on August 8th.

A grand opening event at the Victory Ranch Club "Freestone Lodge" included a golf tournament, cocktail party and dinner and an opportunity for photographs with world-renowned golf course architect Rees Jones. The event took place on August 21st and 22nd. Initial reaction from residents, golfers, media and visitors has been, in a word, "Spectacular"!

Spanning more than 5,600 acres in Utah's Summit and Wasatch Counties, Victory Ranch Club is a private residential community with mountain wilderness and wildlife refuge. Located just 18 miles from…

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Tuhaye Homesites - Buyer Incentives

For those of you interested in properties at Tuhaye, Talisker is offering incredible buyer incentives on developer owned homesites. These incentives are for a limited time and are offered through September 30, 2009.

Seller Financing (Three or Five Years)
Closing Costs Paid by Developer
1% Transfer Fee Included
$100,000 Membership Included
One Year Interest Payments on Seller Financing Only
Two Years Club Dues Paid by Developer (Approximately $16,000)

Tuhaye Price Sheet
Tuhaye Property Map

Tuhaye has also released a new neighborhood called Whispering Hawk which are entry level homesites starting at $275,000 with a waived membership. Contact us for details.

In the month of July there have been 5 homesites closed…

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St. Regis Deer Valley News

The first and only funicular at a North American ski resort was installed last weekend at the soon-to-open The St. Regis Deer Crest Resort located at Deer Valley Resort, Park City, Utah.

The funicular will be located at the base of the mountain at The St. Regis Deer Crest Resort's Snow Park Building and is adjacent to Deer Valley's Snow Park Lodge. It will be able to ascend over 230 vertical feet in just 90 seconds to the primary hotel building.

The funicular is a unique feature of The St. Regis Deer Crest Resort, a five-star branded luxury resort in Utah opening this fall at Deer Valley Resort.

The funicular cars are Swiss made by cable-car specialists Gangloff of Berne, the makers of the first funicular railway in…

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Fairway Springs Ski & Golf Villas - Canyons Village

PURCHASE & LEASEBACK OPPORTUNITY…

Fairway Spring Ski & Golf Villas is now selling the furnished model A-3 at cost with a Purchase & Leaseback Program with over $100,000 GUARANTEED annual rent. One of our furnished models A-1, is scheduled to be completed by August 2009. To receive more information, leaseback contract, spreadsheet and details please call Jason 435-602-9294. Don't miss your chance!

SEE OUR CONSTRUCTION PROGRESS…

Fairway Spring Ski & Golf Villas is now under construction with completion of the 1st four units in early August 2009. The foundations are completed on the second building B (5 units). This entire construction, including the road and infrastructure, is being paid with…

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Lodges at Bear Hollow Condo for Sale 

3 Bedroom, 3 Bath, 1,357 Square Ft.,
MLS # 9981076
$379,000

Don't miss this Bear Hollow condo. Gret floor plan with wonderful views of the Swaner Nature Preserve and ski areas. Located on third floor with extended living area and cathedral ceilings (Spruce Floor Plan). Many upgrades including; central air conditioning, water softener, floor to ceiling stone face fireplace, hardwood floors, stainless steel appliances, granite, tile and many more. Potential lease option.

  • Outdoor pool
  • Club house
  • Hot tub
  • Gym

For more information or to schedule a showing contact Jason at 435-602-9294.


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Promontory Club Emerges From Bankruptcy - Successful Bidder is Affiliate of Original Developer

PARK CITY, Utah (April 17, 2009) – The U.S. Bankruptcy Court, District of Utah, today confirmed Pivotal 7000, LLC, an affiliate of Promontory’s original developer, Pivotal Group, as the winner of the recent auction of Promontory, a luxury second-home community in Park City, Utah.   Bankruptcy Judge Judith A. Boulden named Pivotal’s bid as the winner, finding it to be in the best interests of Promontory and its members and creditors.

Promontory was forced into bankruptcy by its secured lienholders in March 2008, as a result of the global downturn in real estate.  Since then, real estate development and Club operations at Promontory have continued…

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Promontory Club Real Estate News

Taken from www.promontorycommittee.com

April 17, 2009 - Court hearing to confirm auction results.

April 15, 2009 - Auction among qualifying bidders.

April 13, 2009 - Deadline for Bids by bidders with the financial wherewithal to, among other things, close the sale transaction and sustain Club operations pending a resumption of lot sales.

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March 19, 2009, 2:58 pm - Pursuant to the Plan, Credit Suisse gave the parties notice that it is unable to obtain the Exit Financing necessary to implement the Plan by the Effective Date. Consequently, as provided for in the plan, there will be an auction on April 17, 2009.

To participate in the Auction,…

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Promontory Club News & Updates

Promontory and Lien Holders Reach Agreement for Reorganization
On February 9, 2009, Promontory's operating companies, its secured lenders and the Promontory Unsecured Creditors Committee (comprised of Promontory Members and Owners and other unsecured creditors) reached agreement on a joint plan of reorganization for Promontory. This plan sets the stage for the resolution of the involuntary Chapter 11 bankruptcy proceedings brought against Promontory by a group of its second lien lenders last March.

The plan provides for the first lien lender group headed by Credit Suisse to form a new entity that will take ownership of Promontory's operating companies, subject to Credit Suisse's arrangement of exit financing. This plan,…

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