Future SunCrest Development
Let’s take a look at what we can expect going forward regarding future development in SunCrest. With DR Horton completing their development in Stoneleigh Heights and continuing their build out in Tall Woods and Mercer Hollow, let’s look ahead to 2015!
Edelweiss
Located north and east of the existing Stoneleigh Heights townhomes, this appears to be the next addition to SunCrest. Edelweiss was recently granted a zoning change to allow their proposed development of 181 townhomes, cottages and single-family estate on 61 acres. Access to this parcel is through Stoneleigh Heights Drive, Haddington Drive and an emergency access off Deer Park Lane.Hidden Canyon Estates (DJM Investments LLC)
Located east of the Edelweiss development and Stoneleigh Heights III, it’s believed that this development is seeking about 300-350 homes on approximately 135 acres. This development will likely connect to Edelweiss, as well as a new road from SunCrest Drive.
Michel Land LLC
Known as the “shoe box” property, this 83-acre development has recently been discussed to include residential homes and possibly a storage facility and/or a charter school. Recent tractors and machinery in the area suggest geotechnical studies and soil analysis may have begun.Draper City Surplus Parcels
The 20-acre parcel located near Maple Hollow has been an eyesore for many and commonly referred to as the “concrete jungle.” This parcel, when developed, is likely to include higher density units. Draper City declared this and an additional 100-acre parcel near Highland as surplus earlier this year. Declaring property as surplus is the city’s formal declaration of their intent to sell. Requests for proposals were sent out by the city but at this time, it’s still owned by the city Deer Ridge III
Originally planned for 30-40 custom homes, it’s unlikely this area will remain undeveloped; much of the infrastructure is already in place. This area does, however, present a challenge to future developers due to only having a single access point in the event of an emergency.
Our Take: With the real estate market stabilizing, fewer distressed properties, attractive interest rates, and high demand for new construction, we expect 2015 to a busy year for new construction in SunCrest. If you love SunCrest and are thinking about building your dream home, now is a great time to prepare to get the pick of the litter in new lots.
