Ephraim Crossing, central Utah’s latest mixed-use group that includes residential residing, enterprise and retail areas, has expanded with the acquisition of 37 acres in Ephraim. The extra acreage brings Ephraim Crossing to 128 acres that make up the group.
Ephraim Crossing The Estates Site Plan Showing
“The growth of Ephraim Crossing continues the general development and improvement of Ephraim,” stated Kevin Romney, associate at Las Vegas-based Camino Verde Group, developer of Ephraim Crossing.
As a part of the growth, Camino Verde Group additionally not too long ago obtained approval to replace the zoning of Ephraim Crossing from industrial to business. As a end result, Camino Verde Group is planning to incorporate housing, workplace and medical services at Ephraim Crossing.
The growth comes on the heels of the groundbreaking of Ephraim Crossing’s first residential group, The Estates at Ephraim Crossing. In a brief time period, The Estates has already accomplished its first 4 dwelling gross sales, with houses scheduled to be prepared for move-ins by the tip of the yr.
“There has already been a variety of curiosity in Ephraim Crossing, from companies that need to reap the benefits of the affordability, to in-state and out-of-state residents who need world-class facilities inside a small-town setting,” Romney stated.
The Estates is a part of Ephraim Crossing’s ongoing efforts to convey a brand new expertise hub to the house of Snow College. The group will function inexpensive and spacious houses, with 44 single-family dwelling websites. Homes fluctuate between 5 mannequin dwelling choices as much as 5,500 sq. ft, together with three one-story ground plans and two two-story ground plans.
“I’m impressed with the livability of Ephraim Crossing and the way the developments are progressing,” stated Ephraim Crossing Mayor John Scott. “One of the challenges we’re having in Ephraim is a scarcity of houses. The market may be very slim. These houses signify a solution to one of many issues now we have right here in Ephraim which is a scarcity of housing.”
Once accomplished, Ephraim Crossing will embody top-tier enterprise areas and retail retailers. The first constructing deliberate for the enterprise sector at Ephraim Crossing is a two-story, 32,000 square-foot tech workplace and co-working facility.
The group is situated between a number of the state’s greatest out of doors recreation alternatives, together with mountain climbing, biking and using trails to discover, in addition to state parks, and areas to fish, hunt, rock climb and camp.
ABOUT CAMINO VERDE GROUP
Las Vegas-based Camino Verde Group LLC is a privately held actual property funding, improvement and asset administration firm with a concentrate on multifamily and mixed-use actual property. They generate passive revenue, long-term fairness and appreciation for buyers and house owners via the acquisition/improvement and, smart administration of property belongings and maximizing revenue exit methods. For extra info, go to www.caminoverdegroup.com.