Ephraim Crossing, central Utah’s newest mixed-use community featuring residential living, business and retail spaces, has expanded with the acquisition of 37 acres in Ephraim. The additional acreage brings Ephraim Crossing to 128 acres that make up the community.
“The expansion of Ephraim Crossing continues the overall growth and development of Ephraim,” said Kevin Romney, partner at Las Vegas-based Camino Verde Group, developer of Ephraim Crossing.
As part of the expansion, Camino Verde Group also recently received approval to update the zoning of Ephraim Crossing from industrial to commercial. As a result, Camino Verde Group is planning to include housing, office and medical facilities at Ephraim Crossing.
The expansion comes on the heels of the groundbreaking of Ephraim Crossing’s first residential community, The Estates at Ephraim Crossing. In a short period of time, The Estates has already completed its first four home sales, with homes scheduled to be ready for move-ins by the end of the year.
“There has already been a wide range of interest in Ephraim Crossing, from businesses that want to take advantage of the affordability, to in-state and out-of-state residents who want world-class amenities within a small-town setting,” Romney said.
The Estates is part of Ephraim Crossing’s ongoing efforts to bring a new technology hub to the home of Snow College. The community will feature affordable and spacious homes, with 44 single-family home sites. Homes vary between five model home options up to 5,500 square feet, including three one-story floor plans and two two-story floor plans.
“I’m impressed with the livability of Ephraim Crossing and how the developments are progressing,” said Ephraim Crossing Mayor John Scott. “One of the challenges we’re having in Ephraim is a lack of homes. The market is very slim. These homes represent an answer to one of the problems we have here in Ephraim which is a lack of housing.”
Once completed, Ephraim Crossing will include top-tier business spaces and retail shops. The first building planned for the business sector at Ephraim Crossing is a two-story, 32,000 square-foot tech office and co-working facility.
The community is located between some of the state’s best outdoor recreation opportunities, including hiking, biking and riding trails to explore, as well as state parks, and areas to fish, hunt, rock climb and camp.
ABOUT CAMINO VERDE GROUP
Las Vegas-based Camino Verde Group LLC is a privately held real estate investment, development and asset management company with a focus on multifamily and mixed-use real estate. They generate passive income, long-term equity and appreciation for investors and owners through the purchase/development and, wise management of property assets and maximizing income exit strategies. For more information, visit www.caminoverdegroup.com.