Published: September 01, 2009
Utah Development Bucking National Trend with Banner Summer Sales
HEBER VALLEY, Utah - (BUSINESS WIRE) - Red Ledges, a private golf and four-season recreational community
located near Park City, announced significant real estate sales as a
result of opening its Jack Nicklaus Signature Golf Course on July 3.
Since January 2009, Red Ledges has exceeded its sales projections and
has sold a combined 25 home sites and cottages.
"The factors of Red Ledges' sales success can be attributed to our
alignment with names like Jack Nicklaus, Jim McLean and Cliff Drysdale,
our commitment to sticking to a solid development plan, and to the
reputations of the two owners, M. Anthony Burns and Nolan Archibald,"
said Todd Cates, Red Ledges vice president and project manager.
"Discerning buyers are not only looking for value, they are also looking
for a lifestyle experience, which is why these factors make Red Ledges a
top choice right now."
Red Ledges has also succeeded in instilling confidence that the
development will be around for years to come, creating a secure and
assured investment for buyers. Red Ledges is well funded and managed by
its owners, M. Anthony Burns and Nolan Archibald, both of whom have
served as CEOs for Fortune 500 companies.
With the completion of the Jack Nicklaus Signature Red Ledges golf
course, which represents the 200th U.S. golf course designed
by Nicklaus Design, the development recently started site work for its
first building in the Village Center, which is slated for completion in
summer 2011. Red Ledges will also continue to develop the community and
introduce other golf amenities down the road, including a nine-hole
Nicklaus Design short course, a Jim McLean Golf School, and a premier
golf clubhouse.
"With so much money sitting on the sidelines, individuals are looking
for the right investment and continue to be prudent in their purchasing
decisions," continues Cates. "Our strategy at Red Ledges has been to
offer purchasing incentives that add significant value to their
investment."
Red Ledges offers homes sites ranging from $250,000 to $850,000, and
Cottage homes, which start in the low $900s. The Cottages at Red Ledges
provide buyers with the luxury of owning their own home, along with the
convenience of low-maintenance living.
(redledges.com)
About Red Ledges
Red Ledges is a premier private recreational mountain community in Heber
Valley, Utah, which will encompass approximately 1,200 homes across
nearly 2,000 acres. Red Ledges recently opened its 18-hole Jack Nicklaus
Signature Golf Course, and will host such amenities as a Nicklaus Design
nine-hole short course; a Jim McLean Golf School; a Cliff Drysdale
Tennis Academy; a premier spa and fitness facility; an equestrian center
with indoor and outdoor facilities; and more. For more information,
visit www.redledges.com.
Intrepid Agency
Anne Williams
801-481-9482 (office)
801-458-3837
(mobile)
awilliams@intrepidagency.com
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