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What's Next for the Canyon's Village?

Posted by Negar Chevre on Tuesday, August 2nd, 2016 at 2:04pm.

Park City Mountain Resort

Many of you have been curious about all the changes coming to the Canyons Village, so I wanted to give you an update on the new plans that are being made to grow our lively base into an even more vibrant, four seasons center for recreation.

TCFC (the primary property owner at Canyons Village with more than four million square feet of new development in and around the area, and the sponsor of the long term Master Plan), Replay Resorts (the team that envisioned the mountain villages at Whistler Backcomb, Mont Trembla and Mammoth, to name a few) and Vail Resort are working together to enhance the Canyons Village, making it the true gateway to the Park City experience. Between them, these three entities have experience in creating some of the world's greatest resort villages and mountain destinations. 

What is their goal? To make the Canyon's Village the ultimate destination for celebration and imagination of mountain life year round.

 Canyons Upper Village Master Plan

In addition to the above planned enhancements and amenities, there are plans for a face lift to the Seven Eleven store at the entrance to the Canyons, a transit hub, employee housing (300 units), new hotels, a 750 car parking structure (where the existing parking is by the Cabriolet) and new condo projects.  The Canyons Village Master Plan was submitted to the Summit County Planning Department in early September and will be presented to the Snyderville Basin Planning Commission before it can be finalized and approved. A work session on the topic has not yet been scheduled.

What does this mean for Real Estate in the Canyons Village? 

It goes without saying that a vibrant and upgraded Canyons Village Center that includes new amenities such as the conference center, the aquatic center and new hotels will attract many new visitors to the area, boosting the demand for nightly rentals. The approved zoning for additional condominium projects, coupled with the new contemporary real estate inventory coming to market in the next 24 months will provide buyers with more choices. The higher price points will only add to the real estate values, making now the time to buy!

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