Park City Condos at Silver Star
April 2nd, 2008 Categories: Park City
Silver Star Condos and homes are almost completed!
Of the 98 total homes (condominiums, townhomes, and cottages) in the Silver Star community, 48 are now complete.
An additional 46 units are under contract and under construction. All of these are expected to close by mid-summer 2008.
Only four Developer-offered homes remain unsold in the entire Silver Star project.
Here is a complet list of all of the properties currently available for sale at Silver Star.
Remaining Silver Star Properties Will Be Completed Soon
The developers are hoping to have all owners residing in their properties by the end of July.
The Stacked Flat 3 building is now completed and being fully enjoyed by its owners, and Townhome 4 is also finished and owners are now moving in.
Cottages 7,8,9 and 10 will be completed by early April, 2008.
“In effect, we’re delivering over 18% of all Silver Star units this month alone,” marvels Silver Star principle, Chris Conabee.
Silver Star Amenities are Open
The project amenities are also falling neatly into place.
The outdoor pool and hot tub, as well as the cardio room—complete with state-of-the-art equipment—opened this spring.
The owner’s lockers are finished, as are the public restrooms.
Spiro Arts Artist-in-Residence
One compelling benefit that the Silver Star neighborhood offers is a connection with the local art and film scene.
In collaboration with the University of Utah College of Humanities - Silver Star will be home to a summertime Artist-in-Residence program, which offers Silver Star residents and visitors classes, lectures and forums for exploration of the arts.
The restored historic mining building to the left will host the Artist-in-Residence program, which will include a facility for office and studio space, as well as residences for a small number of artists during the spring and summer months.
During the winter months, the Sundance Institute will utilize the live/work spaces for its seasonal Festival staff.
Silver Star Commercial Space Update
Silver Star features a limited amount of commercial space in addition to the residential component.
The Sundance Institute moved into their new building in late 2007.
A sports equipment and rental shop, to be located on the north side of the plaza, across from the ticket sales office is also in the works.
By offering ski and snowboard rentals in the winter, and bike rentals in the summer, as well as sports clothing, gear and accessories, the shop will make equipment rental easy for Silver Star owners and guests.
The developers are hoping to create an upscale country store and deli/cafe with a friendly and casual atmosphere.
Silver Star’s developers are currently in negotiations with food service providers regarding the operation of the on-site general store and café, located on the southeast corner of the central plaza.
Resale Market in Silver Star is Hot
Because of the limited supply and overwhelming demand, the developers of Silver Star did not restrict pre-constrcution resales/assignments of original contracts.
Silver Star did hit the market at the right time, with the right product mix, in the right location, and the right quality.
Still, we’re not aware of any new developments in Park City in the past 10 years with such a superior short-term track record of re-sales.
Here is the link to see a currently available inventory of developer-offered and resale Silver Star Listings.
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