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SunCrest Open Space Master Plan
Draper City is currently updating the Open Space Master Plan. At the City’s first open house regarding the matter in September, we saw a glimpse of the possibilities that are being considered. Here are our main takeaways from the event.
Deer Ridge Development
Additional development at Deer Ridge, located in the Southwest corner of SunCrest, may be on hold. It’s unclear if that is a temporary status or a permanent decision. Depending on if you were speaking to consultants assisting with the master plan, or actual City staff, the information wasn’t consistent. The City indicated, as they had done in previous meetings, that much of the infrastructure is in place in Deer Ridge, and the City may look for ways to recoup the costs of the SunCrest purchase and didn’t rule out future development. Consultants however, cited public opinion and surveys that open space and recreation might be the best use of this land. Ideas range from conservation easements, revenue generating uses, and further development of the trail system.
Draper Trails, Trailheads, And Trail System Expansion
The current Draper and Corner Canyon trail systems may be beefed up, in a big way. It’s important to note that nothing specific is underway yet, but the following were discussed:
Edelweiss Trailhead – The current proposed trailhead is now located directly east of Stoneleigh Heights (versus within the future Edleweiss development). Proposed 12-16 parking spots and restrooms.
Hidden Canyon Trailhead – This proposed trailhead would be located directly off of SunCrest Drive and off of the road currently in development for the Hidden Canyon Estates subdivision. This trailhead would be similar to the Orson Smith Trail Head and be completed with restrooms, a small playground, and a pavilion.
Brookside Trailhead – Currently, Brookside Drive is the road that leads to nowhere in Maple Hollow. There is discussion about a new trailhead, with amenities, atop this road and rerouting the Maple Hollow Trail to connect with the Eagle Crest trail.
Many ideas are being tossed around. They range from dog parks, disc golf, campgrounds, sledding hills, chair lifts, and outdoor recreation centers, among others. It’s great to see so many ideas being considered and it will be interesting to see what sticks. In regards to future development, it’s clear the City is being careful of where conservation easements may or may not be placed and what portions may make sense for future development. With 40 acres of (former) City owned land now heading towards development, we’re excited to have a vision for the future.
Draper City Open Space Master Plan
Draper City is in the process of making a plan to update the Corner Canyon Regional Park Master Plan to include all City open space along the Traverse Mountains.
The City, along with Logan Simpson Design Inc., aims to establish a vision for City lands on the Traverse Mountain Range and suitable locations for recreation and conservation activities.
A city-organized steering committee will hold a public workshop on September 22nd at Draper City Hall to talk about progress and answer questions. Three 1-hour workshops will be held at 5, 6, and 7 P.M.
The Draper Open Space Visioning Process
The City recently asked Draper residents how they envision the future of their community. During the annual Draper Days celebration, Draper City reported that over 500 people visited an information booth and an additional 130 residents gave input online via an online survey.
Draper City Existing Conditions Snapshot
Draper City has also compiled an existing conditions report that includes topics like Land Use, Economic Development, Housing, Transportation, Parks, Recreation & Open Space, and Public Facilities. This snapshot takes a closer look at current trends and data.
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This topic comes from conversations with residents, friends, and clients, who have asked about distressed properties in SunCrest. If you have a topic you’d like us to cover, submit it here!
Utah was recently reported to have a foreclosure inventory at .4% of all homes with a mortgage by CoreLogic, an analytics and data-enabled services provider. That’s down .2% from a year ago, and nearly a full 1% lower than the national average. The study also goes on to say this is the 44th consecutive month that national foreclosure inventory has declined.
Utah is a “non-judicial” foreclosure state, which is a fancy way of saying that a house that’s been foreclosed on can be sold without having to file lawsuit or go to court. On the other hand, in other states–”judicial” states–foreclosures have to go through the court system. Judicial foreclosures tend to take longer and be more costly than non judicial, which may contribute to Utah’s foreclosure inventory rate being so low.
SunCrest Foreclosures and SunCrest Short Sales
SunCrest has seen a steady decline in distressed property sales that reinforce the study’s finding. We are however, still above the “average” for Utah. To date, 4 distressed properties have sold and 4 are pending.
Some homeowners who purchased at the peak of the home prices are, unfortunately, still facing negative equity or just getting back to a break-even point. We attribute SunCrest’s higher than average distressed property inventory to the community’s boom of the mid to late 2000’s. Because it was a brand new community in high demand during the most robust years of the real estate boom, there has been more adjusting. However, we’re seeing less and less distressed properties each year as the roller coaster ride seems to be slowing significantly.