Salt Lake City Utah Real Estate

Suncrest is open to bidding

The fate of Draper’s Suncrest development has been decided - or at least the next step to it’s eventual fate. A bankruptcy court has declared that the development will sell to highest bidder in an auction of Suncrest LLC’s assets.
Bloomberg has just reported that June 9th will the last day to submit a bid, and [...]

Suncrest experiencing some growing pains*

The Suncrest development atop Traverse Ridge in Draper is experiencing some growing pains. Suncrest’s developer, Suncrest LLC, has failed to meet its loan obligations with Zion’s Bank, which may result in them having to abandon the development altogether. I don’t know if there has been any recent news announced, but as of today, I don’t [...]