US Market Update

Posted by Dave Farley
August 22nd, 2011

A few comments, suggestions, and ideas that may be of interest to Industry…

This article is a follow up from my recent market intelligence trip to Park City Utah. As discussed, I found two projects under development that may be of interest to the industry. The 1st project is “The Shed” in the exclusive Promontory development in Park City. The project consists of a 20,000 square-foot, multi-use building that features a restaurant, bowling alley, gymnasium, and a 50 seat theatre. The project is designed by renowned architectural firm Swaback Partners and features the use of heavy timber and wood millwork throughout. Swaback Partners, a 25 person firm, is located in Pheonix, Arizona and managed by three partners. They have received numerous awards and honors in everything from resort condominiums and custom residences, to office and mixed-use commercial projects. Swaback Partners has carved out a niche in the golf club, ski resort, and high-end commercial construction and design market with projects across the Western United States including the recent completion of the 40,000 square-foot clubhouse at the Martis camp development in Lake Tahoe. I have been in contact with Swaback and will hopefully have some specifications on the Promontory project over the next month.

The other construction project is the North Lake Lodge Hotel and Residential Development. North Lake is located on a 6 acre residential site that has been recently acquired by Regent Real estate developers after a complicated bankruptcy and restructuring.  Situated near the center of Park City, the proposed hotel and residences will have spectacular views and ski in/ski out access.  The design consists of a high-end hotel and approximately 54 residential units which complements the existing adjacent homes, and capitalizes on the views and accessibility to the ski trails.  This project is expected to begin in the spring of 2012 and should provide a good opportunity for a wide variety of high quality structural and architectural wood products. Currently, the architectural plans are out for tender and I will follow up with the winning firm when it is awarded.

For more information on these and other projects in the US, please feel free to contact me at 604-728-8786 or dfarley@bcwood.com


*Above: image of the Shed

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