Park City-based Crandall Capital has begun construction on a mixed-use project in Park City called The Commons. Located in the Newpark Towncenter at Kimball Junction, the development broke ground in mid-October and has an anticipated completion date of October 2020. The Commons mixed-use project will be located adjacent to the Newpark Amphitheater and will overlook the 1,200-acre Swaner Nature Preserve.
The project, when completed, will house 38 apartments and approximately 12,500 square feet of ground-level retail. The outdoor patio and dining areas will overlook the Newpark Amphitheater and nature preserve.
Ryan Crandall, a partner of Crandall Capital, said, “The Commons outdoor dining areas will offer the best seats for Newpark’s weekly outdoor summer concerts.”
With a total building size of 37,659 square feet, The Commons will be the final development in the Newpark Towncenter master plan. The apartment component will consist of 18 studios, 14 one-bedroom units, 4 two-bedroom units and 2 three-bedroom units.
Crandall Capital has contracted with Zwick Construction of Murray for the 12-month buildout. Together Zwick and Crandall Capital stated that they hope to create an impressive project that will provide needed affordable housing and an exceptional retail experience.
“We are grateful for the support and insights of the Summit County planning department, county council and county commissioners,” said Gary Crandall, principal of Crandall Capital. “The Commons has transformed into an incredible project because of them.”
Crandall Capital is a family-owned real estate development firm with over 40 years of experience and is owned and operated by Matthew, Ryan and Gary Crandall.