PARK CITY HEIGHTS DEVELOPMENT at Quinn’s Junction by Ivory Homes
The first homes in Park City Heights go on sale Monday, but residents hoping to buy the development’s much-anticipated affordable housing will have to wait a few more months.
Despite intense interest, developer Ivory Homes has yet to decide how residents can apply for the affordable housing or set the exact prices for those homes, said Troy Goff, the development’s project manager.
That process, and especially the prices, should be ready for the public in one or two months, Goff said.
What will be for sale Monday are the so-called market-price homes. Buyers for those homes can start making offers immediately and working with architects on the design. However, the earliest that area residents will see completed homes sprouting at the Quinn’s Junction development is next March or April.
Park City Heights, a contentious development for several years, partnered with the city to build roughly one-third of its homes below market level. Of the overall 211 projected single-family homes, 79 are categorized as affordable. The developers also will build 28 affordable townhouses. Prices for the affordable single-family and townhouses will average between $250,000 and slightly more than $400,000. Some townhouses could actually drop below the $250,000 mark, Goff said.
On Monday, the start of its first development phase, Park City Heights will offer just more than 100 market-price homes for sale. Once the development is ready to put the affordable homes on the market, it will list 10 houses: six single-family, four townhomes.