PARK CITY, UT-A 16-acre piece of a former mining property here is slated for a luxury spa and resort. The developer, DV Luxury Resorts, has leased the site long-term from property owner United Park City Mines.

The development, which has received approval, is being called Montage Resort and Spa.Construction on the resort’s 178 hotel rooms and 94 resort residences is scheduled to begin this summer. DV Luxury Resorts expects the property to qualify for a Silver rating from the US Green Building Council’s Leadership in Energy and Environmental Design program. Completion is expected in 2010.

The law firm Chapman and Cutler LLC advised United Park City Mines in the transaction and in its clean-up and conversion efforts. Law firm partner Kevin Murray says the transformation of the Daly West Mine could be a working model for successful redevelopment of other troubled real estate assets throughout the western US, including some 14,000 abandoned mining sites in Utah, Colorado, Wyoming, Idaho, Montana, the Dakotas and Alaska. “There’s gold in them thar hills after all and it’s called sustainable development for recreation and tourism,” Murray says.

United Park City Mines, which owns the site, has been working since 1997 on a comprehensive redevelopment plan for hundreds of surrounding acres of property. Kerry Gee, vice president of United Park City Mines, says mining site redevelopments are not a new thing in Park City. In the 1960′s, when mining was a declining industry here, United Park and the Park City community created a ski resort on the mountains where only mining operations previously existed.

To help facilitate the hotel project, the federal EPA and the Department of Justice agreed to provide DV Luxury Resort with liability relief in exchange for the company’s commitment to develop the resort complex in an environmentally-sensitive manner. Under the EPA program, DV Luxury Resort will incorporate extensive green features into the design, construction and operation of the development to minimize the project’s environmental footprint. Green features will include a 750-block wind energy purchase through Utah’s Blue Sky partnership, a 2,800-acre open space easement, use of native vegetation, a constructed wetland and groundwater treatment system and the use of chlorine alternatives for resort pools and spas.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.