IHP Capital with its partner Fieldstone Homes has formed a joint venture to acquire 113 single-family lots in Lehi, Utah, within the heart of “Silicon Slopes.”
Named Canyon Point, the lots are in one of the final phases of the amenity-rich 5,000-home Traverse Mountain Master Plan. The joint venture has commenced grading on the future hillside community, which offers sweeping mountain and valley views. The homes will be designed to appeal to homebuyers seeking an upscale, outdoor-focused lifestyle near the region’s flourishing technology-based employment center. Home sales are anticipated to open in late summer/early fall of 2021.
Canyon Point is positioned above Lehi and the rest of Traverse Mountain, providing expansive views that are unique to the development site. Canyon Point lots range in size from approximately 6,280 to 39,447 square feet, while most range from 8,000 to 9,000 square feet. The community will offer luxury homes that appeal to move-up homebuy
