Founders Place at Deer Crest: Your Guide to Park City’s New Luxury Development

New construction at Deer Valley Resort

78 Luxury Condos • 4 Residential Buildings • Amenity Building • 2, 3, & 4 Bedrooms

Contact us about Off-Market opportunities in Founder's Place! As of late March 2025, there are seven available options.

This new real estate development is one of the last real estate developments in the Deer Valley Resort Area. Founders Place offers a quiet ski-in-ski-out setting close to downtown Park City with the most accessible access to Jordanelle Reservoir and the Salt Lake International Airport.

Below are details of the newest development at Deer Valley Resort in Park City, Utah.

First, my take is that East West Partners has a remarkable history of developing properties in Deer Valley and other mountain communities in the Western United States. The project is ideally located for access to winter and summer amenities. The nearby St Regis has a strong track record of rental history, and I believe Founders Place will rent well.

If you want to purchase a property in Founders Place, be sure to contact us as soon as possible. In the past year, we have helped guide over 20 clients through new construction and would love to earn your business.

Founder's Place Update: Winter 2024/2025

We're excited to introduce Otto, the last condominium release at Founders Place, with only 24 homes remaining. Set on the hillside, Otto provides stunning views and a dedicated Wellness Den, creating the ideal space to unwind and recharge after a day of exploring the mountains.

The location of the Otto building is shown as Phase 3 on the image at the top of this page, giving you a clear view of its prime hillside setting. Each residence combines luxury design with easy access to Park City's top amenities, making Otto a perfect choice for those seeking relaxation and adventure.

Are you interested in learning more? Call us today to discuss your options and available homes at Otto, Founders Place.

Founder's Place Update: July 2024

There have been strides at Founders Place since our last update in January.

Founders Place Phases I (Edgar) and II (Helen) Are Officially Sold Out!

Onsite Highlights of Progress as of July 2024

Steady advancements in our amenity spaces.
Continued installation of finishes to Edgar's East and West buildings.
Concrete pours are progressing smoothly at The Helen.

Stay tuned for more updates as we progress and get in early on the final phase, which will be released in winter 2024/2025.

Update: June 2024

Founders Place is progressing rapidly. Phase 1, including Edgar and the amenity building, The Polly, is taking shape quickly. The developer is now working on Phase 2, which is named Helen. Edgar is sold out, and only one home is left in Helen.

Update: January 2024

Welcome to the latest update on the progress of Founder's Place in Park City, a beacon of modern living and architectural excellence. As January 2023 unfolds, we are thrilled to share the remarkable advancements in this prestigious development.

At The Edgar West:

The roof installation continues, adding a protective and aesthetic layer to this magnificent structure.
Progressing impressively, windows and rough-ins are installed up to the 6th floor.
The 7th floor sees ongoing exterior framing, setting the stage for window installation in the upcoming weeks.
Elevator installation is in full swing, enhancing accessibility and convenience.

At The Edgar East:

The structure is shaping up. The metal decking installation is reaching the 4th floor and will soon reach the 5th floor.
The structural steel installation is ongoing, currently up to the 6th floor, forming the backbone of this robust building.
Regular concrete pours are underway, solidifying the foundation of this development.
We are nearing the topping out of cores, a significant milestone in construction.

At The Polly:

The installation of metal decking has reached the 3rd floor, marking steady progress.
The structural steel installation is ongoing to ensure strength and durability.

At The Helen:

Deep foundation pilings system drilling is in progress, laying a strong foundation for the structure.
The site is buzzing with activity, with continued site work and excavation.
Preparation is underway for a future bridge connection to our Phase 3, envisioning seamless integration and expansion.

Conclusion:

Founder's Place is rapidly transforming into a landmark of luxury and comfort in Park City. With each building at a different stage of development, the diversity in construction techniques and progress is a testament to our commitment to quality and excellence. Stay tuned for more updates as we continue to bring this visionary project to life.

Live link to the construction site - the web page of the construction site at Founders Place takes a minute to pop up.

Contact Us: For more information about Founder's Place and Park City real estate opportunities, please call (435)200-5478.

Founders Place Sales Process

There are currently only three options left to purchase at Founders' Place. In addition, there may not be any options currently on the Park City MLS, so reach out to me to discuss your options for ski-in-ski-out condominiums in Deer Valley. The development broke ground in September 2022 and is making significant progress.

Founders Place Real Estate High-level Overview:

Location: Founders Place is on 30 acres within the gated community of Deer Crest at the base of the Mountaineer Lift. St Regis is an excellent reference point since it is located up the hill. This area of Deer Crest offers mature pine trees and gamble oak vegetation. Founders Place has a pristine location that is a reasonable distance from future development and provides easy access to downtown Park City (via Lower Deer Valley) or a five-minute drive to the Jordanelle Reservoir.
Future Development in the Surrounding Area: Outside St Regis, there will be no other buildings and two or three single-family lots. Founders Place will be built in two phases. The current offering is for the first phase of the Edgar & Polly residential buildings. It's worthwhile to scroll down to the bottom of the page and click on the Mayflower Mountain Resort link.
Architecture: The architectural style will be Mountain Contemporary with clean lines and big windows of Modern architecture. It was essential to the architects that the design had see-through balconies with ample outdoor living space. The architecture team is Sparano & Mooney.
Amenities: Resort pool deck, multiple hot tubs, considerable gym experience with fitness classroom, shared office space for owners, children's clubhouse room, teenager/adult game room, ski locker room, and in-house food and beverage cafe that delivers daily continental breakfast, lunch menu, and open bar/apps in the afternoon.
Service: In-house residential managers who live onsite for the owner's needs, concierge, food and beverage staff, plus ski valet staff.
Floor plans: 2 bedrooms to 4 bedrooms and Penthouse 4 Bedrooms.
Pricing of Founders Place: (Subject to change)
- Residential Condos Price: $2.3m to $6m
  - Two bedrooms range from $2.3m to $2.6m
  - Three bedrooms range from $3.4m to $4.3m (Most in the $3.6m to $3.8m range)
  - Four bedrooms range from $5.5m to $6m
  - Penthouse Residences prices from approx $7.5m to $8.5m

The Edgar (East & West Buildings)

Founders Place Park City Location of Development The Edgar East and West are the initial condominium offerings in the first phase of Founders Place. They feature 32 residences with two to four bedrooms, including seven penthouse suites. Construction of these homes and the amenity building will begin this summer.

The Edgar offers a peaceful mountain setting within pine and aspen tree groves. This location offers premium ski-in-ski-out access where you walk directly to the Mountaineer Express lift at Deer Valley®.

This new development will be bustling with life in the summer and winter, with outdoor spaces for year-round living. There are outdoor areas to enjoy, and the ski runs make for easy hiking and biking trails in the summer. In addition, this building offers southern exposure to provide ambient light throughout the day.

The Polly (Amenities Building)

The Polly is the name of the state-of-the-art amenity building and is about living on vacation. Activities will happen in a gathering place of perfection. There will be a sizeable, well-equipped fitness center, yoga room (multi-purpose), kids' playroom, family lounge designed for multi-generations with games, soda fountain & grill, dedicated ski lockers, private lounge & ski valet, and private shuttle for owners and guests.

Deer Valley Resort (Founder's Place Location)

Deer Valley Ski Resort offers world-class skiing, and Founders Place allows a whole ski-in-ski-out experience at Deer Valley. There isn't any public parking in this area, so this area tends to be quiet early and later in the day. This location is unique within Deer Valley, which doesn't have other neighboring developments.

Founders Place Near Park City

Park City is in the next valley, offering the best of all worlds where you can feel like you're in an alpine retreat, but you can quickly take the shuttle or drive to experience the benefits of Park City. Real estate in Park City still has tremendous upside compared to other ski towns like Aspen and Jackson Hole. While other ski towns' pricing is much higher, the destination can be more challenging for a second home. I love that there isn't a stoplight from this property to the airport!

Be Here 365 Days a Year

Founders Place at Deer Valley is the perfect location to call home if you want to experience a year-round adventure. With easy access to the airport, you can spend more time exploring all of Utah's outdoor activities.

Enjoy boating at Jordanelle, fishing in the Provo River, skiing, sledding, and snowmobiling in the backcountry. Plus, with its proximity to Deer Valley, you can enjoy all the fine dining, shopping, and entertainment the area offers. So come and discover the joys of mountain living at Founders Place.

The Developer: East West Partners

East West Partners is the developer of Founders Place. For over thirty years, East West has been developing slope-side real estate and has invested over $7 billion in ski real estate.

They have developed properties in Beaver Creek, Snowmass, Northstar, and Steamboat. In addition, the developers have created at least four other significant properties in Deer Valley, historically focusing on the Empire Pass of Deer Valley Resort.

Frequently Asked Questions About Founder's Place

Below is a list of FAQs for new development, which we applied to Founders Place. Please reach out to us with any additional questions.

Is there a reinvestment fee for Founders Place within the gates of Deer Crest?

There is a 1% transfer fee for all resale properties within Deer Crest. However, Founder's Place reinvestment fee is 0.4% and does not apply to original developer transactions.

What is the anticipated HOA fee for Founders Place?

Projections for the estimated budget for annual dues are $1.10 per square foot per month or $13.2 per square foot per year.

What's the size of Founders Place residences?

In phase one, sizes range from 1,400 sq. ft. to 4,500 sq. ft. There are a total of 32 residences in this phase: (5) Two bedrooms, (1) Three bedrooms + den (Smaller), (15) Three bedrooms + den (Larger), (4) Four bedrooms + den, and (7) Penthouse Four bedrooms.

Are residences sold fully furnished?

Founders Place residences do not include furnishings. We work with some terrific designers who can help you in this process. The developer allows small changes during construction, so getting a designer involved early in the process is best.

Are pets allowed?

Pets are allowed at Founders Place for owners but not for renters.

When will Founders Place be finished?

The two residential buildings of The Edgar and The Polly should break ground in the summer of 2022. The anticipated timeline is two years. So let's plan on you moving closing in 2024.

What about Parking and Storage?

There are 53 underground parking spots for the first 32 residences - 1.65 places per residence- so owners can leave a vehicle at the property. Owners also have an assigned 5' x 7' conditioned storage area.

Is there a way to get from the ski school back to this condo on green runs, or is a shuttle needed for kids?

Today, leaving the snowpack, you must take Little Stick (Blue) to Deer Hollow ski run (Green), which leads to Founders Place. However, that will change this summer (2022) as Deer Valley adds another ski lift, allowing beginning skiers out of the snowpack base and over to Deer Hollow ski run since Deer Hollow is the next best step after you graduate from the bunny hill.