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Suncrest and Draper City reach agreement

The following article by Steve Fidel of the Deseret news.

DRAPER — The city and Zions Bank have agreed on terms to end a $25 million lawsuit over the unfinished SunCrest development.

The development failed in 2007, leaving Zions Bank on the hook for about $40 million in unpaid loan debt. The bank bought the development out of bankruptcy in 2008 for $25.3 million with the intention of selling it as quickly as possible to help recoup losses.

Failed infrastructure in the development surfaced as a concern by the city, and Zions brought the suit in June 2009, accusing the city of sabotaging deals with potential buyers of the unfinished development. 

The Draper City Council voted 5-0 Tuesday night to accept terms agreed upon with Zions to see the suit dismissed, said Draper City Attorney Doug Ahlstrom. Zions has already agreed to the terms and is awaiting an official copy of documents to sign, Ahlstrom said.

Under the agreement, the city would accept SunCrest Drive and the paved portion of Deer Ridge Drive and take responsibility for correcting problems with the design and construction. Several people attending the Council meeting where the settlement was discussed objected to the anticipated use of funds collected from the Traverse Road Special Service District to make those improvements, Ahlstrom said.

Other design agreements include stipulations affecting undeveloped areas based on historic landslide data and other improvements to roadways.

Zions or its successor or developer will be responsible to resolve issues with Detention Pond 7A. As an alternative, the city would design and build a regional storm water facility there as a city project, if approved by participating property owners. Zions would pay a share of the cost of such a project.

The terms also acknowledge the existing culinary water system is operating at a loss and lacks the capacity to service future growth within the SunCrest project and lays out conditions for both city and developer participation to improve an extended water system.

Ahlstrom said about five individual developers have been waiting for a resolution to the lawsuit. 'The first thing we're going to do is see if we can get some zoning in place that will help all of them.'

After that, conditions in the open market will dictate how long it takes before new development is underway.

Zions Bank announced in February it reached an agreement to sell the SunCrest development to MCO Properties, in Fountain Hills, Ariz. Tuesday's agreement plays into the bank's agreement with MCO, which the bank said is poised to build more than 3,000 homes in undeveloped portions of the 4,500-acre development.

  • Draper will create a new master-planned community zone for SunCrest.
  • The city will accept SunCrest Drive and the paved portion of Deer Ridge Drive in their current conditions.
  • Areas outside historical landslide zones will be exempt from the city’s geologic protection ordinance.
  • The city will use $300,000 of water fund money and $500,000 in federal grants to upgrade a pump station to provide water to the development.

As a Real estate Agent in Draper, UT. I am very familiar with Homes in Draper and Suncrest. I believe the terms of this agreement will benefit the Homeowners in Suncrest and should also encourage many Draper Home buyer to consider Suncrest properties. There really are some fantastic opportunities in Suncrest for purchasing Luxury Homes, Short Sales or Foreclosed property. Suncrest offers some of the most incredible deal in Draper Real Estate. It is not uncommon to find Luxury Draper Homes of over 5000 sq Ft listed for under 400K. Compare these prices with a typical Draper Home in steeplechase or other Luxury Draper homes for sale and you may be persuaded to explore Draper Real Estate above the inversion.

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Found: 51
Avg: $604,122
Avg $ SqFt: $131
Search Area: Map Selection
Price: $0 to $50,000,000
Style: NA
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$245,000
2178 E E WHITEKIRK WAY, Draper (Ut Cnty) UT 84020
3
BEDS
4
BATHS
2,055
SQFT
$119
$/SQFT
0.05
ACRES
2006
BUILT
"PRICED TO SELL! Beautiful Townhouse with AMAZING Mountain Views! This Suncrest Area is a Very Popular Community! This Home has an open floor plan with a nice Great Room and gourmet kitchen with solid surface counters & tile floors. Relax in the huge downstairs living room with walkout access to the back yard. You also have Access to a Swimming Pool, Hot Tub, Clubhouse, Workout Room, Parks, Basketball Court, Internet, Mountain Trails For Hiking & Biking, and much more! Will Go Fast. Come View it Today!"
* NEW LISTING 
$269,900
14796 S CASTLE END CV, Draper (Ut Cnty) UT 84020
3
BEDS
2
BATHS
2,212
SQFT
$122
$/SQFT
0.05
ACRES
2014
BUILT
"***OPEN HOUSE SATURDAY 6/24 11 a.m. to 2 p.m.*** Gorgeous town home in an amazing area! This isn't just a home you are purchasing, but rather a way of life! Nestled at the top of Suncrest and just a few minutes from Traverse you cant beat this location! Just up the street you have an impressive water park with a great restaurant and clubhouse. The town home itself overlooks a welcoming nature scene with several walking trails through out! Large end unit with updated kitchen, walk in pantry, 2 car garage with high ceilings, and unfinished basement providing room to grow! Home is in excellent condition and has been well cared for! This one is too good to pass up! Buyer to verify all info. "
$304,900
15170 S SILKWOOD CT, Draper UT 84020
3
BEDS
3
BATHS
2,565
SQFT
$119
$/SQFT
0.13
ACRES
2001
BUILT
"*Price reduced and $5000.Secluded 2 story on culdesac with deceptively large back yard including high end basketball standard, playset, huge patio, wood fence,impressive mountain views. Room for 2 more beds and bathroom in basement. Community center w/pool/gym/basketball/tennis. Cabinets in garage are included."
* PRICE LOWERED - $309,900 TO $304,900 
$339,990
14924 S EAGLE CREST DR, Draper (Ut Cnty) UT 84020
4
BEDS
4
BATHS
2,565
SQFT
$133
$/SQFT
0.14
ACRES
2005
BUILT
"Absolutely beautiful home with amazing views. This stunning home boasts beautiful views of the mountains in every direction! Granite Countertops in the fully upgraded kitchen! Gas Range! Wood floors! 4 bedrooms, fully finished home. Fireplace w/tile Surround! HOA includes High-Speed Internet, Cable, Large Swimming Pool with Slide, Basketball Courts, Gym to name a few! This home is absolutely stunning! Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement."
* PRICE LOWERED - $349,990 TO $339,990 
$365,000
15028 S EAGLE CREST DR, Draper (Ut Cnty) UT 84020
4
BEDS
4
BATHS
2,557
SQFT
$143
$/SQFT
0.19
ACRES
2005
BUILT
"Remarkable home in Suncrest with beautiful landscaping and scenic mountain views. Desirable open layout in family room with decorative rock fireplace. Kitchen has granite counters, beautiful hardwood floors, stainless appliances, pantry and additional seating at bar. Spacious master suite with vaulted ceilings, jetted tub, double sink vanity, and large walk-in closet. Fully finished basement with large family room great for watch parties or movie nights. Plenty of room for all your toys and vehicles with a large garage with lots of cabinets and counter top space, and RV parking. Awesome back patio ideal for bbqing and entertaining with gas fire pit. Fully fenced yard for pets and kids to run around safely. Call to see this home now! "
$379,900
15180 S SILKWOOD CT, Draper UT 84020
4
BEDS
3
BATHS
3,339
SQFT
$114
$/SQFT
0.16
ACRES
2001
BUILT
"Instant equity! Enjoy the amazing summers and crisp clean winters with this Suncrest beauty. Located in a cul-de-sac, the home features a oversized master bedroom, spacious master bath with double sinks, and walk-in his and her closets. 4th bedroom can also be used as large bonus room. The neighborhood hosts yearly Easter egg hunts, visits from Santa, movies in the park, and more. Sit outside, grab a drink, and relax with live music at the Ridge Bistro, or bring your pooch and enjoy the miles of hiking and biking trails right outside your door. Home Warranty Included. Lease Option Available."
* NEW LISTING 
$389,900
1791 E LONE OAK DR, Draper UT 84020
4
BEDS
3
BATHS
3,069
SQFT
$127
$/SQFT
0.13
ACRES
2003
BUILT
"Beautiful Suncrest home on quiet residential street! 4 bedrooms on the second level OR 3 bedrooms and a bonus room! Large master shower and walk-in closet, lots of storage. Nice neighborhood above the inversion, close to mountain hiking and biking trails all year! Enjoy views of Wasatch Range, including Lone Peak, from the huge TREX deck (with seating) that provides access from the kitchen and extends the living space of the home. Large basketball court and Dominator basketball standard, high quality shed in backyard for storage, new garage door - all less than 10 minutes to I-15 and Timpanogos Highway! Buyer to verify all information."
$399,000
1787 WALNUT GROVE DR, Draper UT 84020
4
BEDS
3
BATHS
3,000
SQFT
$133
$/SQFT
0.22
ACRES
2003
BUILT
"Charming south facing craftsman 2 story with amazing Mt. views, large private yard, flagstone fire pit, huge Trex deck, open floor plan with 20 ft vaults, rustic alder wood finishings, cabinets, slate floors, gas range, and an open upstairs loft for your home office (or close it in for another bedroom). Home is currently Tenant Occupied... Please Do Not Disturb. Call for a private showing."
$407,999
14747 S HADDINGTON RD, Draper UT 84020
2
BEDS
2
BATHS
2,942
SQFT
$139
$/SQFT
0.12
ACRES
2017
BUILT
"Edelweiss - 108 - Pomerelle. This stunning Pomerelle home design features 2 bedrooms, 2 bathrooms, and a formal living room/office. The great room features a vaulted ceiling and laminate flooring throughout. The chef's kitchen includes stainless steel appliances and granite countertops. The home also includes a grand master suite with walk-in closet, double vanity, and large garden tub. Edelweiss is a secluded community located on the southwest side of Lone Peak a nestled high into the ridgeline. A community pool, clubhouse with work-out room, and an abundance of open space all make Edelweiss easy to call home. his home also features Smart Home technology, which allows homeowners to control their home from their phone. See who is on your front porch, unlock your door, and adjust the thermostat – all with the touch of a button. Square footage figures are provided as a courtesy estimate only and were obtained from builder Buyer is advised to obtain an independent measurement. Rendering is for illustrative purposes only. Actual features and elevations may vary. Call today to learn more about this home."
$409,990
1919 E CHIMNEY STONE CT, Draper UT 84020
4
BEDS
3
BATHS
3,826
SQFT
$107
$/SQFT
0.14
ACRES
2010
BUILT
"We meet a lot of people who want that mountain living lifestyle, but still want to be a stone's throw from the city. That's really what SunCrest is all about, but for the ultimate in best-of-both-worlds, let us introduce you to 1919 E. Chimney Stone Court. Located on the southern tip of the Maple Hollow neighborhood just off of Highland Boulevard, you can escape to your fully landscaped backyard overlooking the picturesque hillside yet still be just a quick 10-minute commute to the thriving tech hub of Lehi or the I-15 corridor. We're pretty sure you're having your cake and eating it, too. A few steps north of the home are the freshly carved Vertigo and Levitate downhill mountain biking trails that pair nicely with miles of other biking and hiking trails that make the mountain life so desirable. Out the front door, kick your feet up and enjoy countless hours enjoying the views of Utah Lake. Once inside, our favorite spot is the gourmet kitchen with its in-counter gas cooktop, double ovens, and stainless appliances. The kitchen flows seamlessly into the family room; so if you're the entertaining type, you'll enjoy a hard to find formal dining room that makes seated dinners spacious and enjoyable. Collectively, the whole area is lined with windows that drench the main floor with light. Upstairs is its own retreat with the bedrooms - including the master and it's glorious oversized en-suite bathroom - all on the same level and each with a view that only SunCrest can provide. This floorplan is unique to the neighborhood and it doesn't come up often. At just over 3,800 square feet, there's tons of space now, and a downstairs ready to be tailor made for your mountain sense and city style. "
* NEW LISTING 
$418,000
1759 AUBURN RIDGE LN, Draper UT 84020
4
BEDS
4
BATHS
2,585
SQFT
$162
$/SQFT
0.12
ACRES
2002
BUILT
"PRICE REDUCED!!! The most picturesque views Suncrest has to offer. This beautiful 4 bedroom/3.5 bath house is situated on the ridgeline with unobstructed Salt Lake Valley views. It has a large master suite, fully finished basement with a large family room, recently upgraded hardwood floors, new stainless appliances, Shaker-style cabinetry, and a beautifully landscaped outdoor space. Suncrest amenities include a pool, clubhouse, gym, paid cable TV and high speed Internet, parks, basketball courts, and easy access to miles of hiking and biking trails."
* PRICE LOWERED - $429,900 TO $418,000 
$419,000
1399 E VISTA VALLEY DR, Draper UT 84020
3
BEDS
4
BATHS
2,892
SQFT
$145
$/SQFT
0.01
ACRES
2005
BUILT
"Come home to this quiet gated community in Draper. Main level living with a fully finished basement provides plenty of room for entertaining, the photos don't lie this is an open floor plan. Enjoy this beautiful setting in the foothills with easy access to South Mountain Golf Course and the Draper Trail System. "
* PRICE LOWERED - $424,900 TO $419,000 
$420,000
2017 E ASPEN GROVE CT, Draper UT 84020
5
BEDS
3
BATHS
3,644
SQFT
$115
$/SQFT
0.19
ACRES
2002
BUILT
"Views, views and more views! From the moment your eyes pop open in your expansive master suite until you relax on your wraparound deck after a long day's work, you'll be surrounded by gorgeous mountain and valley views! This 5 bedroom, 3 bath home in Suncrest has everything you've been looking for. Coveted floor plan including an office on the main level with french doors, a separate formal dining room, master suite, 2 additional bedrooms and an open concept kitchen/living room featuring vaulted ceilings leads out to the deck. The daylight walk out basement features a large family/gathering room plumbed for a wetbar and 2 more bedrooms. Room for everyone! After a long day, retreat to the deck, put your feet up and enjoy the protected panoramic views (no backyard neighbors) everyone else dreams about. You won't want to miss this one! "
$421,900
1941 E VISTA RIDGE CT, Draper UT 84020
5
BEDS
4
BATHS
3,356
SQFT
$126
$/SQFT
0.27
ACRES
2002
BUILT
"***Photos opted out inside because boxes are 6-7' tall. Won't see much currently. Photos will come after move is completed!*** Enjoy mountain living above the inversion! This home is extremely upgraded and features amazing views, 3-car garage and an upgraded kitchen! The backyard is fully fenced and features views in every direction!"
* NEW LISTING 
$429,000
1915 E HEATHER OAKS CT, Draper UT 84020
5
BEDS
3
BATHS
3,544
SQFT
$121
$/SQFT
0.13
ACRES
2000
BUILT
"Rambler with finished basement on small cul-de-sac. Formal living room and dining room off entry. Kitchen with vaulted ceilings, center island, and is open to the family room. Sliding glass doors leading out to Trex deck. Master bedroom with master bath, separate tub and shower, and walk in closet. Main floor laundry. Basement fully finished with huge family room, 2 bedrooms, and a bathroom. Backyard is fully fenced. All the amenities of Suncrest, including: pool, clubhouse, gym, cable TV paid, playgrounds, tennis court, hiking trails."
$429,900
1328 E VISTA VALLEY DR, Draper UT 84020
4
BEDS
3
BATHS
2,892
SQFT
$149
$/SQFT
0.01
ACRES
2005
BUILT
"Secluded gated community in South Mountain. Enjoy biking & hiking in a beautiful mountain setting. Backyard next to scrub oak wooded area. Peaceful and exclusive. "
* PRICE LOWERED - $434,900 TO $429,900 
$429,900
15208 S EAGLE CHASE, Draper (Ut Cnty) UT 84020
4
BEDS
4
BATHS
3,784
SQFT
$114
$/SQFT
0.13
ACRES
2007
BUILT
"Beautiful vistas await you...all from your Master, kitchen, & dining room windows and front porch! Wake up to Lone Peak & Mt. Timpanogos. You will never tire of the vistas in Suncrest. Relax in your built in jacuzzi on cool summer nights or during your first snowfall! The trex deck accommodates outdoor entertaining while the backyard has plenty of play area for horse shoes, bocce balls and the like. Join your neighbors at the Clubhouse for an afternoon of fun in the sun. The pool boasts a lazy river, crazy slide, and hot tubs. The Clubhouse offers weight and exercise room with free classes from time to time. Want to play basketball or tennis, no sweat as we've got it covered! Don't feel like cooking...no worries. Stop in at The Ridge (adjacent to the clubhouse) for wonderful cuisine, live music, libations and al fresco dining above the inversion! The Ridge even carries groceries so they'll be days when you won't have to leave this paradise! Newly finished basement featuring a large bedroom (comfortably fits a king size bed), full bath with contemporary finishes, oversized family room and lots of storage space. Upgraded padding and Berber carpet compliment faux wood tile floors in the bath along with a decorator's paint palette. Three full closets in the bedroom, not to be outdone by two linen closets and a large storage closet. "
* PRICE INCREASED - $429,000 TO $429,900 
$439,999
14749 S HADDINGTON RD, Draper UT 84020
3
BEDS
3
BATHS
2,955
SQFT
$149
$/SQFT
0.12
ACRES
2017
BUILT
"Edelweiss - 107 - Cortina. ESTIMATED COMPLETION IN EARLY SEPTEMBER. This charming Cortina home design features 3bedrooms, 2.5 bathrooms, and a spacious loft area. The main floor includes a formal living room, great room with gas fireplace, and chef's kitchen with stainless steel appliances and granite countertops. Upgraded laminate flooring and nine foot ceilings run throughout the main floor, and a powder bath can be found next to the entrance of the 2-car garage. The second floor features two guest bedrooms and guest bath, along with a grand master suite boasting a large walk-in closet and double vanity. Edelweiss is a secluded community located on the southwest side of Lone Peak a nestled high into the ridgeline. A community pool, clubhouse with work-out room, and an abundance of open space all make Edelweiss easy to call home. This home also features Smart Home technology, which allows homeowners to control their home from their phone. See who is on your front porch, unlock your door, and adjust the thermostat – all with the touch of a button. Rendering is for illustrative purposes only. Actual features and elevations may vary. Square footage figures are provided as a courtesy estimate only and were obtained from builder. Buyer is advised to obtain an independent measurement. Call today to learn more about this home."
$455,999
14743 S HADDINGTON RD, Draper UT 84020
3
BEDS
3
BATHS
3,387
SQFT
$135
$/SQFT
0.15
ACRES
2017
BUILT
"Edelweiss - 109 - Tahoe B. ESTIMATED COMPLETION IN EARLY SEPTEMBER. This beautiful Tahoe B home design features 3 bedrooms, 2.5 bathrooms, and an airy loft space. The main floor includes a formal living room with columns, family room with gas fireplace and 9' ceilings, and chef's kitchen with stainless steel appliances and quartz countertops. The second floor features two guest bedrooms, a guest bathroom, and grand master suite with double vanity and walk-in closet. Edelweiss is a secluded community located on the southwest side of Lone Peak a nestled high into the ridgeline. A community pool, clubhouse with work-out room, and an abundance of open space all make Edelweiss easy to call home. This home also features Smart Home technology, which allows homeowners to control their home from their phone. See who is on your front porch, unlock your door, and adjust the thermostat – all with the touch of a button. Square footage figures are provided as a courtesy estimate only and were obtained from builder. Buyer is advised to obtain an independent measurement. Rendering is for illustrative purposes only. Actual features and elevations may vary."
$462,900
14896 S CANYON POINTE RD Unit 110, Draper UT 84020
3
BEDS
3
BATHS
5,015
SQFT
$92
$/SQFT
0.19
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. OLIVIA FLOOR PLAN. "
$462,900
14896 S CANYON POINTE RD Unit 110, Draper UT 84020
3
BEDS
3
BATHS
5,015
SQFT
$92
$/SQFT
0.19
ACRES
2017
BUILT
"***COME SEE OUR COMMUNITY SATURDAY, JUNE 10TH 12pm-3pm.*** Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. OLIVIA FLOOR PLAN. "
$470,900
14928 S CANYON POINTE RD Unit 107, Draper (Ut Cnty) UT 84020
4
BEDS
3
BATHS
4,441
SQFT
$106
$/SQFT
0.20
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. QUINCY FLOOR PLAN. "
$475,900
14928 S CANYON POINTE RD Unit 107, Draper (Ut Cnty) UT 84020
4
BEDS
3
BATHS
4,441
SQFT
$107
$/SQFT
0.20
ACRES
2017
BUILT
"***COME SEE OUR COMMUNITY SATURDAY, JUNE 10TH 12pm-3pm.*** Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. QUINCY FLOOR PLAN. "
$492,900
1150 E SUNSET DUNES WAY Unit 46, Draper UT 84020
2
BEDS
3
BATHS
3,908
SQFT
$126
$/SQFT
0.06
ACRES
2017
BUILT
"This beautiful Sunset Ridge home is the Aberdeen floor plan and is *****MOVE IN READY.******Open, spacious living area with main floor master and main floor living! This new home is a show piece and in a maintenance free community! Huge kitchen with upgraded granite counter tops, stainless steel appliances. Main floor Office and an extra full bath. Basement has HUGE FAMILY ROOM, 1 bedroom, 3/4 bath, wet-bar and large storage rooms. Price includes beautiful Epoxy garage floor and organizing system. Don't miss out on this one of a kind home in Sunset Ridge! Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement."
* PRICE INCREASED - $489,900 TO $492,900 
 
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