Sandy—Resmark Land and Housing, a division of The Resmark Companies, a leading private equity real estate firm, today announced its first investment in for-sale housing in Utah with leading development company Boulder Ventures Development, Inc. The new community, Red Sage, will consist of 150 townhomes at 10600 South and Sandy Sage Way, centrally located in Sandy City. The community is within walking distance of the Sandy Civic Center Station on the TRAX line and adjacent connecting transit lines.
“We are pleased to partner with Resmark on this exceptional new community, Red Sage,” said Jeffrey Vitek, President and CEO of Boulder Ventures Development, Inc. “The demand for this missing middle product type in the heart of Sandy City has been eagerly awaited and the demand is very strong.” He added, “It’s located within the CAIRNS project area in Sandy City, which supports the City’s mission statement of enhanced pedestrian friendly developments, and connectivity to public transportation and trail systems.”
Michael Zarola, Senior Vice President, Investments at Resmark Land and Housing, pointed out that Red Sage fits perfectly into Resmark’s core focus of providing homes within urban infill areas that offer easy access to transit and jobs, as well as shopping, schools, services and other conveniences.
“Sandy is a highly desirable community, located between growing employment centers in Salt Lake City and the Lehi Tech Corridor, with limited new townhome products offerings. We believe Boulder Ventures Development has designed thoughtful homes with great amenities that meet the lifestyles and budgets of young families and professionals who want to live in Sandy City. We look forward to working with Boulder Ventures Development to bring Red Sage to market,” he said.
Sandy City is adjacent to I-15, the primary artery serving the region, and within 20 miles of Salt Lake City International Airport, which is accessible via light rail from the city. Sandy City is home to Real Salt Lake Rio Tinto Soccer Stadium, The Loveland Living Planet Aquarium, the famed new Hale Centre Theatre, and abundant entertainment and shopping.
Red Sage will offer three- and four-bedroom homes with two car garages in two- and three-level duplexes and 4-plexes. Amenities include a pool, spa, cabana, and trailing open spaces. Residents will enjoy several recreational areas located less than two miles away. The homes range in size from approximately 1,600 to 2,500 square feet.
The sales office for Red Sage will open September 23, 2017. Construction has commenced, with model homes anticipated to be completed in November 2017 and first move-ins anticipated in February 2018.