For Immediate Release
Vineyard – The @geneva redevelopment project achieved a significant milestone of reaching 60 percent of available land either sold or under contract with the purchase of an additional 125 acres by Utah Valley University June 19, 2014.
“To think that last September when we announced our development strategy we were talking on a conceptual level and in just nine months we have several projects under construction at the south end of the property with more work to begin soon is amazing,” said Stewart Park, @geneva Project Manager.
Projects underway include the construction of the newest apartment complex of 340 units by Castlewood Development at the southern tip of the project site and Bach Homes is building its third building of their 300 unit complex. Vollkommen construction is putting roads into their town home complex of approximately 140 units—of which phase 1 is already sold, and the Larry H Miller Megaplex Theatre has several walls going up. The theatre is slated to open in 2015.
Road construction is also planned this summer. UDOT is scheduled to build the first leg of the Vineyard Connector which will connect to Mill Road in Vineyard this summer and should be completed in late fall. A FrontRunner stop is also planned to be built within the next few years.
“These transportation connections are key to the success of @geneva because they make the site much easier to access using different travel modes and will open up our retail and office locations planned on the east side of the property,” Park said.
Once each developer purchases land at the site, they become responsible to build their respective developments on their own schedules.
The @geneva project is a 1,700 acre master-planned community centrally located in Utah Valley and will provide a mixed-use of residential, commercial, educational and industrial. With direct access to freeway and mass transit, Geneva is projected to house 26,000 residents and create approximately 20,000 jobs. For more information on the @geneva development, visit the website, genevautah.com, email email@example.com or Twitter @genevautah.