Affordable and space-efficient living is on its way to Park City, Utah.
It will arrive in the first quarter of 2020, in the form of condominium units at YotelPad. They range in size from 330 to 1,000 square feet.
Tight? Yes, but most owners will be spending time on the slopes or the communal space that’s 15,000 square feet of indoors and outdoors, jam-packed with amenities.
“The backyard outdoor area has a pool, a hot tub, a main communal fire pit and a ski valet building, and the other side has a view shed with fire pit,” says Todd Patrick, director of marketing and sales for Replay Resorts. “Inside the club lounge is a big TV wall, a fitness area, a gym and a steam room – plus a ‘Grab-and-Go” food area.”
Replay Resorts is the developer of the project; YotelPad is said to be the industry leader in affordable luxury hotels, worldwide. “If you buy one of the pads, you can use Yotel for rental management,” he says.
The design is by Method Studio out of Salt Lake City, a young firm that’s growing quickly. “We gave them the task of creating a new way of mountain living with smaller spaces where every single inch is efficient,” he says. “It’s mountain design with local materials – stone and steel – with modern, clean lines.”
And it’s site-driven. “We wanted to maximize the views of the valley – the amenity space is oriented to the sun, and the building to the ski trail,” he says. “You can grab your skis and it’s a short walk to the ski lift.”
Most of the units will be between 330 to 400 square feet, with a full cabinet wall, kitchenette, storage and Italian-made, transformable furniture – like a sofa-to-bed or dual-bunks-to-desk – and a bath with shower.
And for an area where the average price range for new construction and a lot is between $1 million and $1.5 million, these are a relative bargain. “We’re bringing affordability to the area, with most at $275,000 to $350,000,” he says. “Over 70 percent are in that range.”
But if it’s income-producing – and with a site like that, why wouldn’t it be? – maybe it’s a good investment.
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