Mar 30, 2026
More than two-thirds of the income-restricted units in a development that involves the Park City municipal government have been leased and many of those who signed leases have since moved into the building. The EngineHouse Apartments is located on Homestake Road, just off Kearns Boulevard, and i s an ambitious project as the municipal government continues to pursue an aggressive housing effort. It is a rental project with 123 units — 99 restricted by incomes and 24 priced at market rates.  Rory Murphy, who is part of the development partnership, said on Monday leases had been signed for 67 of the 99 income-restricted units. People seeking 10 of the remaining income-restricted units are in the certification process and an additional 100 people are moving through the pre-application stage. Eleven of the 24 market-rate units had been leased, as well. The marketing started at the end of 2025. He said the initial timeline for leasing anticipated between eight and 10 units per month. “Leasing is way ahead of schedule. The response is overwhelming,” Murphy said. Forty-four units had been occupied by early in the week and people were waiting to move into another 23 units. He said the people leasing units in the EngineHouse Apartments represent a “whole spectrum” of the community. There are ski bums, young families, hospital workers and restaurant staffers, he said. “Mixed-income developments are considered the healthiest socioeconomic neighborhoods that you have,” he said. “You want people all over the spectrum living in the same place and getting along.” The EngineHouse Apartments have been hailed as a success in the municipal government’s housing efforts. The municipal government owns the land — just less than 2 acres — and reached a partnership agreement with J. Fisher Companies for a 99-year lease. The rate is $1 per year. Many rank-and-file members of the workforce have for years been priced out of Park City’s resort-driven real estate and rental markets. Park City leaders have long considered there to be wide-ranging benefits to the housing efforts, including reducing commuter traffic and boosting socioeconomic diversity. The EngineHouse is delivering a large bloc of income-restricted units. The income-restricted units in the EngineHouse Apartments are limited to those with household incomes within 60% of the area median income. Examples of income limits: $70,020 for a one-person household. $80,040 for a two-person household. $90,060 for a three-person household. $100,020 for a four-person household. The units each come with an underground parking spot. The project offers amenities like a coffee shop, a gymnasium and a mailroom. Some of the units have an unobstructed view of the Park City Mountain slopes. The land was seen as prime for a significant development like the EngineHouse Apartments. It is near bus lines, restaurants, shopping and professional services. The EngineHouse is one of several housing projects involving the municipal government, with two other high-profile ones in various stages of discussions. The municipal government is considering housing projects at Clark Ranch and in Bonanza Park.  The post Park City housing project has leased 67 of 99 income-restricted units appeared first on Park Record. ...read more read less
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