Construction of Studio Crossing, a mixed-use development that includes the largest affordable-housing project in Park City’s history, is in progress and the developers expect the apartments and commercial space to fill up quickly.
The development at Quinn’s Junction will include 208 affordable housing units ranging from studios to three-bedroom apartments and about 100 market rate townhouses and condominiums. Retail and restaurants also are included in the development.
Crandall Capital, a local family-owned company run by Gary Crandall and his sons Ryan and Matthew, is building the 320,000-square-foot development with private funding only. The company is putting together a waiting list for those who want to live in the units or set up business in the development.
“We have letters of interest on almost half of the commercial space already,” Gary Crandall said.
He anticipates housing space also will be taken soon. There have been initial conversations with large employers that have shown interest in master leases, which would allow them to make the housing units available for their employees to rent, he said.
Workers began digging trenches this month for sewers, electricity and water lines, which will take about three months, Crandall said. Next, the foundations for two retail buildings and two buildings with a total of 104 housing units will be put in.
“By getting the foundations in this year, we’ll be able to work through the winter,” Crandall said.
A groundbreaking ceremony for Studio Crossing, which is next to Utah Film Studios, was held last October. This first phase of the development is expected to be finished in November or December 2025.
Steed Construction is the general contractor and Trent Smith, owner of Salt Lake City design studio Modern Out West, is the lead architect. The townhomes and condos are designed for a variety of residents, including working professionals and seniors who want to age in place.
Studio Crossing affordable housing is available to renters making anywhere from 60% to 80% of the area median income (AMI) in Summit County. Crandall said the workers in each unit will be allowed to earn a combined total of up to 120% AMI without being required to vacate the property for exceeding income limits.
“We’re trying to really help them so they can save that extra money and use it for a down payment on their own unit,” Crandall said.
