The Summit County Council heard six proposals for the 30-acre site along Rasmussen Road May 21, before deliberating in closed session.
Click here to read the original request for proposals.
All of the developers are offering a range of affordable housing for people making as much as 150% to as little as 30% of the county’s median income. Some incorporate market rate housing, while others went all-affordable. Most proposed about 200 units.
The respondents are: Brinshore Development, Evergreen Devco, Columbus Pacific Development, Legacy Real Estate Development, J. Fisher Companies and Crandall Capital.
According to Summit County Manager Shayne Scott, the council aims to choose one company to negotiate a development agreement with at its meeting June 4 or June 11. Until then, the preferred candidate is private.
“When we got to deliberating, we had a lot of robust discussion around all of the presentations, and we did reach a consensus on moving forward with one of the respondents to the RFP,” he told KPCW afterward.
He said the council and staff were impressed with the overall quality of the six responses. Skip to 2:14:17 in the video below to see the presentations.
Residents may already be familiar with the candidates, who have been involved with projects and RFPs in the Park City area.
Brinshore is one of the two finalists vying to develop Park City’s 5-acre Bonanza Park district. Columbus Pacific is a major developer in Canyons Village and worked on the Slopeside employee housing complex.
J. Fisher is one of the developers building EngineHouse; Crandall Capital is developing Studio Crossing. Both Park City-proper projects feature a mix of affordable and market rate for-rent units.
Legacy Real Estate is an affordable housing company based out of Miami and New York City. It’s partnered with Layton Construction, which built the Stein Eriksen Lodge, The Montage Deer Valley and the original Basin Recreation fieldhouse. Evergreen has previously worked up and down the Wasatch Front and across the Intermountain West.
Summit County’s basic requirements for the projects included affordable housing, local businesses, a park space and a new fire station. Some of the firms recommended food options, and each put their own twist on the proposal.
Much like its Bonanza Park proposal, Brinshore partnered with PC Tots and is proposing a new daycare center. It’s proposing 166 housing units, 20 of those for sale and more than half affordable. It’s asking the county for a 99-year lease at $1 annually, to waive developer fees and to loan the project $5.6 million.
Evergreen’s site plan includes a live music stage, community garden and medical office. It proposes 211 housing units, 38 of them for people making below 80% of the area median income and 11 units for the fire station. It’s asking the county to donate the land.
Columbus Pacific partnered with Basin Recreation and Mountainlands Community Housing Trust on a project that includes a new fieldhouse and entirely deed-restricted housing. There are 100 for-rent apartments and 72 for-sale homes ranging from 30% AMI to 150% AMI. It’s asking the county to donate the land, some of which would go back to Basin Rec.
Legacy Real Estate proposes a 100% affordable mixed-use village with townhomes, single family homes and apartments. All 200 units would be for people earning 70% AMI or less. It’s asking the county for a discount on the land and to waive or discount developer fees.
J. Fisher included a recreation clubhouse, public art and gathering spaces in its proposal. Like Legacy, it says it can deliver 200 deed-restricted units, but at a wider range of AMIs, from 30% to 150%. It suggested a discounted land lease or purchasing the land for a discount.
Finally, Crandall Capital says it can partner with the Division of Wildlife Resources to establish a fishery on the property. There would be 286 total units: 100 apartments, all below 90% AMI, and 75 homes, 75 duplexes and fourplexes and 36 condos.
The Crandalls highlighted first-time homebuyer financing for the duplexes, fourplexes and condos. They are asking Summit County to donate the land.
Summit County and Columbus Pacific Development are financial supporters of KPCW. For a full list, click here.
