FOR IMMEDIATE RELEASE
June 29, 2023

 

TURNAROUND OF PARK CITY’S TALISKER CLUB MAKES IT
ONE OF THE MOST SUCCESSFUL PRIVATE CLUBS IN THE WEST

 

PARK CITY, UTAH – During its tenure of ownership between 2001 and 2015, the previous owner of Park City’s Talisker Club (the “Club”) promised its members a number of new and expanded amenities that were ultimately never delivered. In addition to unfulfilled assurances of, among other things, a golf clubhouse, an on-mountain private restaurant and an expansion of the Tower Club, residential development came to a halt at the start of the recession in 2008, stalling the progress of Tuhaye’s residential neighborhoods of King’s Light, Lone Peak, Whispering Hawk and Moondance. By the time Storied Development acquired the real estate and the Club in 2018, only the golf clubhouse and the first phase of the Tower Club expansion had been completed.

 

Since 2018, Storied Development has fulfilled many of the promises made by the previous owner – and committed more than $330 million in development and construction funding. The completion of new and expanded amenities and real estate offerings include the expansion of the Tower Club, a second pool facility at Tuhaye, the family-oriented Moondance Park, the luxury ski-in, ski-out condos of The Residences at The Tower, and development of the King’s Light, Lone Peak, Whispering Hawk and Moondance residential neighborhoods.

 

In addition, a wide variety of new amenities and neighborhoods at Talisker Club are currently under development or coming soon, including a par-3 short course with a Golf Pavilion, pickleball and tennis courts, an Adventure Camp, the Hoodoo Pavilion view deck, the ski-in, ski-out casual dining venue of Hot Creek Cabin, and the new residential neighborhoods of Dancing Sun, Cougar Moon, Painted Bluff and Indi Ridge.

 

In all, the improvements and additions completed by Storied Development have far exceeded the amount originally promised in 2018. While only one or two new homes were being built per year during the foreclosure period, there are currently more than 100 new homes under construction. The Club is financially sound with a strong cashflow, membership has nearly doubled since 2015, and the number of members wanting to give up their memberships has dropped from 56 to zero.

 

As a result of Storied’s strategic multi-year reimagining of the Park City property, remarkable real estate sales have posted since 2018 – including record-setting sales of 116 homesites in 2021 and 100 homesites in 2022. In the five years of Storied’s ownership, over 400 units sold totaling over $500 million. These record-setting sales were achieved via an exclusive partnership with Berkshire Hathaway HomeServices Utah Properties. As Utah’s top brokerage firm, BHHS Utah Properties has been a leading force in Park City’s real estate market with $4.9 billion in sales in 2022.   

   

About Storied Development, LLC

Storied Development, LLC, is a partnership of seasoned real estate executives with a 30-year track record of success in the development, marketing, sales and operation of private club communities throughout the continental U.S., Caribbean, Mexico and Hawaii. The development team has partnered or worked closely with real estate industry leaders including The Baupost Group, Wheelock Street Capital, DMB, Intrawest, Crescent Real Estate Equities, Kerzner International, East West Partners, and Brookfield Hospitality. The leadership team currently has an active role in three private golf communities, The Grove (College Grove, TN), Talisker Club (Park City, UT), and Boot Ranch (Fredericksburg, TX). http://www.StoriedLiving.com

 

About Berkshire Hathaway HomeServices Utah Properties 

Founded in 1976, Berkshire Hathaway HomeServices Utah Properties is a family owned residential, development, commercial, and advisory services real estate company. With over 30 offices throughout the Wasatch Front and Back, Logan, Moab, St. George, Kanab, and Southeast Idaho, the company has a long-standing track record of market dominance, dependability, and community-driven service. In 2022, the brokerage saw $4.9 billion in sales statewide securing the #1 position in Utah’s real estate marketplace and is the #1 independently owned and operated brokerage in the Berkshire Hathaway HomeServices national and global network. As the only full-service brokerage firm in Utah, Utah Properties is proud to offer the most integrated transaction experience for its clients through its affiliated joint venture companies, Metro Title & Escrow, LLC and Metro Mountain Mortgage, LLC. https://www.bhhsutah.com/

 

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