LEHI, Utah & NEWPORT Seashore, Calif.–(Small business WIRE)–Apr 26, 2021–
IHP Money Associates, a single of the nation’s top genuine estate financial investment firms, and Fieldstone Residences, a nationally identified homebuilder in Salt Lake Metropolis, now introduced their joint undertaking (JV) in the acquisition of 113 one-household heaps inside of the heart of Utah’s Silicon Slopes, in the town of Lehi. Named Canyon Issue, the plenty are in one of the closing phases of the amenity-prosperous ±5,000-property Traverse Mountain Learn Approach. The JV has commenced grading on the foreseeable future hillside community, which provides sweeping mountain and valley sights. The properties will be designed to charm to homebuyers seeking an upscale, outdoor-centered life style close to the region’s flourishing engineering-based work middle. Residence profits are expected to open up in late summertime/early slide of 2021.
Canyon Place at Traverse Mountain by IHP Funds Companions and Fieldstone Properties (Picture: Company Wire)
“Canyon Level brings the most attractive and secluded plenty to Traverse Mountain. Established amidst a mountainous landscape and adjacent to an growing technological hub, the neighborhood is the pinnacle of what the Silicon Slopes has to give,” said Reneé McDonnell, senior vice president at IHP Cash Companions. “IHP is psyched to spouse with Fieldstone Houses on this development. Their workforce delivers a large amount of abilities in layout and execution across a variety of current market segments in the Salt Lake region, and we glimpse ahead to our ongoing partnership.”
Canyon Point is positioned above Lehi and the rest of Traverse Mountain, providing expansive views that are distinctive to the development internet site. Canyon Place plenty assortment in dimension from about 6,280 to 39,447 square feet, though most variety from 8,000 to 9,000 sq. toes. The local community will offer you luxury properties that charm to move-up homebuyers. Fieldstone designs to open a VIP checklist for interested homebuyers in Q2 2021.
Traverse Mountain’s amenities are complete and involve multiple community and personal parks, climbing trails, a group centre with a significant pool and reception space. Non-public and public schools are available, alongside with in depth retail institutions, including grocery retailers, dining establishments and the popular Stores at Traverse Mountain buying mall.
Canyon Point at Traverse Mountain is located northeast of the I-15 and SR-92/Timpanogos Highway freeway interchange. Significantly less than 30 miles from Downtown Salt Lake Metropolis, Lehi is a blossoming heart for technological innovation-based businesses. International providers these kinds of as Adobe, Oracle, Entrata, Ancestry, Xactware, Micron and other people have founded workplace areas in Lehi, as it gives a extra very affordable option to other tech-centric areas of the U.S., though also offering a most popular way of living for workers.
“Lehi’s healthier outside-centered and organization-friendly setting appeal to major business people and gurus from across the nation,” said Jason Harris, vice president of land acquisitions at Fieldstone Homes. “The houses at Canyon Place will replicate the vivid and collaborative character of the Silicon Slopes. As much more people today migrate to the Salt Lake location wanting for an upscale energetic way of life, we share in their pleasure for the long run. We are delighted to lover with IHP Capital Associates in bringing this attractive new group to everyday living.”
Canyon Issue is Fieldstone’s fourth community within just Traverse Mountain and one of a number of assignments IHP and Fieldstone are establishing jointly.
IHP is a strategic associate for builders and homebuilders during the western U.S. The company at present has 32 household assignments in a variety of phases of progress in Utah, California, Oregon, Nevada, Washington, Texas and Arizona.
About IHP Cash Companions
Launched in 1992, IHP Capital Associates is a person of the nation’s main genuine estate expense corporations. The organization facilitates a route to achievements for its investor and progress partners by providing fairness for residential tasks during the region, with a concentrate on the western U.S. A tactical partner and dependable fiduciary for almost 30 many years, IHP’s keep track of record is constructed on expertise, experience and lengthy-phrase sustained partnerships with well-recognised institutional buyers and a extensive array of the industry’s most noteworthy builders and developers. For extra facts, visit IHPInc.com.
Fieldstone Residences is a nationally regarded homebuilder that has been witnessed on the prestigious Inc. 5000 listing. As just one of Utah’s most highly rated and trusted homebuilders for far more than 20 a long time, Fieldstone Households normally takes a daring method to making communities and properties that stand out in excellent, style and design and worth. The company is a identified chief in location new tendencies in house layout, creating special and irresistible design properties and providing an unsurpassed client practical experience. With over 5,000 Utah residences created, Fieldstone Households leverages its robust expertise and comprehension of the regional market to deliver leading-high-quality homes that meet the demands of today’s homebuyers. Considering daring to develop stunning, 1-of-a-sort communities is the essence of Fieldstone Residences. For more facts, stop by FieldstoneHomes.com.
Call: Nicole Deermount
Search term: CALIFORNIA UTAH UNITED STATES NORTH America
Marketplace Search term: REIT FINANCE Skilled Providers Household Developing & Real ESTATE Construction & Residence
Supply: IHP Capital Associates
Copyright Organization Wire 2021.
PUB: 04/26/2021 01:36 PM/DISC: 04/26/2021 01:36 PM
Copyright Business Wire 2021.
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