Photo: Park City Luxury Real Estate.

Park City labeled as the epicenter of modern luxury renaissance at luxury housing event

PARK CITY, Utah — Over 75 leaders from around the country specializing in luxury housing gathered against the backdrop of Deer Valley’s historic expansion for the Where Luxury Meets Growth panel on October 23. The event framed Park City’s continued development as not simply expansion, but “a curated luxury evolution,” according to an event press release.

Co-hosted by Vitruvius Built and Park City Wealth Advisors, two Park City-based firms specializing in homebuilding and wealth management, the event featured a panel moderated by Ted Bainbridge, owner of Build Magazine. Speakers and attendees represented industries ranging from architecture and interior design to development, wealth management, and real estate. Organizers said the collaboration marked “a defining chapter in the American Mountain West, where craftsmanship meets capital and luxury is rooted in legacy.”

Deer Valley’s East Village leads the charge

Park City’s luxury growth is most visible at Deer Valley East Village, which is projected to include nearly 1,700 residential units upon full completion. Among its cornerstone projects are Cormont, a 350-unit development offering ski-in/ski-out condos starting at $1.7 million and reaching up to $9.75 million, and Marcella Landing, a 50-unit luxury townhome community expected to start around $6.9 million.
Together, these developments highlight the ongoing demand for ultra-premium, full-time and second-home residences that combine mountain access with top-tier amenities.

Redefining luxury living

“We’re in the midst of the greatest transfer of wealth in history,” said Morgan Lemaitre, Founder & CEO of Park City Wealth Advisors. “And within that movement, real estate continues to be a home run. We’re seeing a redefinition of how and where people want to live, invest, and build legacy. Park City represents that balance — a place where luxury is intentional, investment is purposeful, and community still comes first.”

From a national perspective, Grant Bowen, Founder & CEO of Peak Projects, added that families choose to build in Park City because of “the alignment between lifestyle, permanence, and capital preservation,” noting benefits such as “access through a world-class airport, four true seasons, low taxes, and unmatched natural beauty with year-round recreation.”

Bowen also credited Utah’s pro-building legislation, minimal entitlement friction, and “a deep local talent pool anchored by one of the strongest subcontractor bases in the Mountain West” as key factors supporting high-end development.

Balancing growth and community

Deer Valley Resort President & COO Todd Bennett echoed the sentiment of intentional progress. “We’re proud to be part of the largest ski resort expansion in North American history — but it’s not just about scale,” Bennett said. “It’s about partnerships, stewardship, and the legacy we leave here in Park City.”

The event comes as Park City continues to address challenges around housing affordability and growth management. According to the Zillow Home Value Index, the city’s median home value has risen 63.5% in the past five years. Local leaders have prioritized affordable housing and responsible development as part of the city’s long-range plan.

Among those efforts is the recently approved Dakota Pacific project near Kimball Junction, which will introduce 385 market-rate units, 275 affordable units, and a senior living facility.

Recent luxury and resort expansions — including Deer Valley’s East Village — have sparked both excitement over economic growth and concern about traffic, infrastructure, and the preservation of community character. This tension between growth and community has been a big topic of discussion in the Park City municipal elections, as candidates have outlined their vision for how to keep the town livable, and enjoyable, for full-time residents, working families, and future generations