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REAL ESTATE Introducing New for 2021: Benloch Ranch, Park City. A Modern Mountain Lifestyle Community. Thoughtfully designed amidst rolling ranch land, protected forest and some of the West’s most distinguished mountain communities, Benloch Ranch is an… |
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Promontory kicked off the summer season with our Annual Memorial Day Home Tour. 24 homes participated, and two of those were under contract by the end of the weekend. With the inventory of completed homes at an all-time low, more and more buyer are choosing to build their dream home. There are currently 20 homes under construction, with another 20 anticipated to start this summer. Most of these are custom homes, with only a few specs under construction. There has never been a better time to find the perfect homesite.
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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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