Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There is a development boom sweeping the Park City ski market, about 30 minutes outside of Salt Lake City. Five years ago, Vail Resorts entered the Park City ski market and connected Park City and Canyons Mountain, essentially creating the largest ski mountain in the United States. Now, developers are fulfilling the demand for high-end luxury housing and hotels with a slew of new projects under development.

“Most of the growth was stimulated five years ago when Vail came into Park City and connected the Park City Mountain to Canyons Mountain to create the largest ski mountain in the United States,” Brian Shirken, president and co-founder of Columbus Pacific Properties, tells GlobeSt.com. “They have now increased the skier visit on an annual basis. Vail drives a pretty high-end skier, although historically, the demographic of the skier in Park City is similar to the skier in Vail. So, there has always been a demand for high-end housing and hotels in Park City, but it has gone unfulfilled. With Vail coming into the market, the demand has become obvious and there are now new projects developed to meet that demand.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.