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Sandy — Security National Financial Corporation broke ground on Dry Creek at East Village, a 282-unit multifamily development.
Grading for the first phase of the nearly 40-acre mixed-use, transit-oriented development began in mid-October. The project is expected to be the first project completed under Sandy City’s new 30-year vision plan. Security National has owned the land for the development since 1991.
Security National initially worked on the design and development of the site in the early 2000s, but the project was placed on hold prior to the recent economic recession because of concerns about the possibility of overbuilding multifamily properties in the area. A year and a half ago, the company revisited the project.
“This project provides a key housing component as we look to reposition the destination opportunities while enhancing the quality of life for the area,” said Sandy Mayor Dolan.
The first phase of development consists of six apartment buildings and a clubhouse. Amenities include connections to hiking and biking trails, a pool, a private theater, a demonstration kitchen in the clubhouse and workout rooms and lounges within each of the residential buildings. The first building of the development is projected to open in the summer of 2014.