LEHI, Utah & NEWPORT Seaside, Calif.–(Company WIRE)–Apr 26, 2021–
IHP Money Partners, a person of the nation’s major authentic estate expenditure companies, and Fieldstone Homes, a nationally identified homebuilder in Salt Lake Metropolis, right now announced their joint undertaking (JV) in the acquisition of 113 one-loved ones lots in just the heart of Utah’s Silicon Slopes, in the town of Lehi. Named Canyon Point, the plenty are in a single of the last phases of the amenity-prosperous ±5,000-property Traverse Mountain Master Program. The JV has commenced grading on the long run hillside neighborhood, which features sweeping mountain and valley views. The properties will be intended to charm to homebuyers trying to get an upscale, outdoor-concentrated way of life around the region’s flourishing technological innovation-based employment middle. House product sales are anticipated to open up in late summer time/early fall of 2021.
This press release attributes multimedia. Perspective the entire launch in this article: https://www.businesswire.com/news/house/20210426005749/en/
Canyon Point at Traverse Mountain by IHP Money Associates and Fieldstone Homes (Picture: Business enterprise Wire)
“Canyon Place brings the most appealing and secluded heaps to Traverse Mountain. Set amidst a mountainous landscape and adjacent to an growing technological hub, the group is the pinnacle of what the Silicon Slopes has to provide,” claimed Reneé McDonnell, senior vice president at IHP Cash Companions. “IHP is fired up to husband or wife with Fieldstone Households on this progress. Their team brings a high degree of skills in layout and execution throughout different sector segments in the Salt Lake region, and we search forward to our continued partnership.”
Canyon Point is positioned previously mentioned Lehi and the rest of Traverse Mountain, delivering expansive sights that are special to the advancement internet site. Canyon Place plenty vary in dimension from approximately 6,280 to 39,447 square feet, although most array from 8,000 to 9,000 sq. ft. The group will provide luxury houses that charm to move-up homebuyers. Fieldstone strategies to open up a VIP list for fascinated homebuyers in Q2 2021.
Traverse Mountain’s facilities are comprehensive and incorporate many community and non-public parks, hiking trails, a local community middle with a massive pool and reception place. Non-public and public educational facilities are out there, together with extensive retail establishments, including grocery suppliers, dining establishments and the popular Outlets at Traverse Mountain browsing shopping mall.
Canyon Position at Traverse Mountain is situated northeast of the I-15 and SR-92/Timpanogos Highway freeway interchange. A lot less than 30 miles from Downtown Salt Lake Metropolis, Lehi is a blossoming center for technological know-how-based businesses. World wide businesses such as Adobe, Oracle, Entrata, Ancestry, Xactware, Micron and other folks have set up business areas in Lehi, as it delivers a much more cost-effective alternative to other tech-centric areas of the U.S., whilst also giving a chosen way of life for employees.
“Lehi’s healthy outdoor-centered and small business-friendly surroundings catch the attention of top rated business people and pros from across the nation,” mentioned Jason Harris, vice president of land acquisitions at Fieldstone Houses. “The properties at Canyon Level will replicate the lively and collaborative character of the Silicon Slopes. As more men and women migrate to the Salt Lake area seeking for an upscale energetic life-style, we share in their pleasure for the upcoming. We are happy to lover with IHP Money Companions in bringing this wonderful new group to lifetime.”
Canyon Point is Fieldstone’s fourth local community inside Traverse Mountain and one particular of various projects IHP and Fieldstone are creating jointly.
IHP is a strategic husband or wife for developers and homebuilders all through the western U.S. The enterprise at the moment has 32 residential assignments in many phases of progress in Utah, California, Oregon, Nevada, Washington, Texas and Arizona.
About IHP Money Partners
Launched in 1992, IHP Cash Associates is just one of the nation’s main true estate expenditure firms. The company facilitates a route to good results for its investor and enhancement partners by giving fairness for household projects all over the nation, with a concentrate on the western U.S. A tactical associate and dependable fiduciary for approximately 30 several years, IHP’s observe file is designed on working experience, expertise and long-phrase sustained partnerships with properly-recognised institutional investors and a vast selection of the industry’s most noteworthy builders and developers. For extra information and facts, take a look at IHPInc.com.
About Fieldstone Houses
Fieldstone Residences is a nationally identified homebuilder that has been noticed on the prestigious Inc. 5000 checklist. As a person of Utah’s most very ranked and dependable homebuilders for more than 20 decades, Fieldstone Residences normally takes a daring solution to constructing communities and residences that stand out in quality, structure and value. The enterprise is a recognized chief in location new developments in dwelling style and design, developing exclusive and irresistible product residences and offering an unsurpassed shopper working experience. With about 5,000 Utah residences made, Fieldstone Properties leverages its sturdy information and knowing of the regional marketplace to deliver top rated-good quality residences that fulfill the requires of today’s homebuyers. Considering bold to build attractive, a single-of-a-variety communities is the essence of Fieldstone Properties. For much more information and facts, pay a visit to FieldstoneHomes.com.
See source version on businesswire.com:https://www.businesswire.com/news/residence/20210426005749/en/
Call: Nicole Deermount
949-274-3855
Key phrase: CALIFORNIA UTAH UNITED STATES NORTH The usa
Marketplace Search term: REIT FINANCE Experienced Services Residential Developing & Real ESTATE Design & Residence
Source: IHP Capital Associates
Copyright Small business Wire 2021.
PUB: 04/26/2021 01:36 PM/DISC: 04/26/2021 01:36 PM
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Copyright Organization Wire 2021.
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