Sunday, March 04, 2007

Promontory Grows Near Park City

The latest posh four-season development near Park City, Utah is actually one Interstate exit past Park City. It's Promontory, a private subdivision of both custom and spec homes at Exit 150 off I-80 on the opposite side of the highway from the communities of Park City and Deer Valley. CEO Francis Najafi of the Pivotal Group, the developer, told a gathering in New York recently that in the past five years, Promontory has evolved into a genuine alternative to much higher priced mountain resort communities -- although with homesites priced at $500,000 and more, and houses selling for $2-million and more, it ain't cheap. Since it's a 20-minute from Deer Valley, among the most exclusive ski and summer resorts in the U.S., Promontory now has its own clubhouse there where owners and families can change clothes and leave their gear.

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