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New York-based Extell Development is currently under construction on a Four Seasons Resort and Private Residences in the new Deer Valley East Village in Utah. When I was there in December, Bianca and I went by to check out the overall progress in the village, and the crew was in the midst of laying the decking for the ground floor. ODA designed the architecture, interiors, and landscaping.
The residential offering consists of Private Residences and Hotel Residences. The former are located in an owner-exclusive building and the latter are in the hotel building, where the units can be put into the Four Seasons Rental Program. I'm not sure if this is indicative of their overall inventory, but the remaining Hotel Residences are meaningfully larger than the Private Residences.
Based on current availability, the smallest remaining Private Residence (1,553 sf) is going for US$3,283 psf.
As a Park City booster, I think this additional village is exciting. There are now two large interconnected resorts and four distinct villages lining the Wasatch Back: Park City Mountain Resort, Park City Canyons Village, Deer Valley, and the Deer Valley East Village. Visit Utah would say that there's also a third resort in Woodward Park City (which happens to be adjacent to Parkview Mountain House).
But as a real estate developer and snowboarder, I do wonder about two things.
First, Deer Valley East Village is located in an area on the Wasatch Back that receives noticeably less snow compared to other areas because of its lower elevation and broad east exposure. If I refer back to Jim Steenburgh's book, Secrets of the Greatest Snow on Earth, the average annual snowfall at the base of the Jordanelle Gondola (located just north of the East Village) is probably less than 150 inches. This compares to 350+ inches at higher elevations in Park City and 500+ inches in the Cottonwood Canyons.
Because of this, the East Village has obviously invested heavily in snowmaking equipment. But artificial snow is not the same as natural snow. The higher elevations will be just fine, but the lower elevations will likely see marginal conditions. So why build a new village here? And was and is this a consideration for buyers at this new Four Seasons? Or are the luxury amenities and après events the real deciding factors? I'm not their target demographic, but from my perspective, this is reason enough not to buy here.
On the topic of the target buyer, my second question is about Deer Valley's "no snowboarding" rule (which is another reason why I'm not their target demographic). There are only 3 resorts in the United States that ban snowboarding. One of them is Deer Valley, and the other two are Alta (Utah) and Mad River Glen (Vermont). This seems to be a wildly popular rule among resort guests, and I support Deer Valley's decision to weed out "riff-raff" like me. Deer Valley is also known for capping daily lift tickets to keep the crowds down, so they don't seem to be hurting for patrons.
But according to recent data from Snowsports Industries America (SIA), the rough participation split in the US between skiers and snowboarders is somewhere around 60-70% and 30-40%, respectively. There are also many instances where families have a mix of skiers and snowboarders. If you're the Four Seasons at Deer Valley, this segment of the market is excluded. Oh well. The rich snowboarders have Park City, The Colony at Canyons Village, Powder Mountain, Aspen, and many other locations.
My assumption is that the ban on snowboarders is an unapologetic feature of Deer Valley and developments like the Four Seasons. It creates an air of exclusivity and differentiation. Some data also suggests that snowboarders tend to be a more ethnically diverse group compared to skiers (SIA reports show that among female snowboarders, 25% are Hispanic, and among males, 13% are Black — the highest diversity rates in winter sports), so one could argue that it's not just about the type of device used to get down the mountain. And, it seems to be working.
In July 2025, the Extell announced that they had closed a $600 million construction loan for the project from JVP Management and that 60% of the hotel residences were already sold. This is believed to be the largest construction loan on record for a hotel and residential condominium project in Utah.
At the same time, I'm also certain that the Four Seasons lost sales to certain buyers, perhaps a wealthy Boomer or Gen Xer with kids or grandkids who snowboard. Extrapolating this demographic trend, it is also believed that Millennials represent the first generation in the US with near-parity between skiers and snowboarders. So what will this mean for luxury real estate as these Millennials become the dominant buyer segment? My prediction is that the real estate market will respond.
Would you buy at the Deer Valley Four Seasons? Or have you already?
Cover photo: Deer Valley Four Seasons
I sometimes joke that one of my part-time jobs is charging devices, and so I love that the world has shifted to USB-C as the standard for wired charging. It's trendy to criticize the EU for over-regulating things, but this is one area where I'm glad they stepped in and forced everyone, including Apple, to get on board.
Phones, tablets, and laptops basically have 100% adoption at this point, and adoption is similarly high for other small appliances, electronics, and even airplane seats. All of this means having to carry around fewer cables, which is especially helpful when traveling.
At Parkview Mountain House, we equipped the main workspace area and kitchen with USB-C outlets, though we also included USB-A for legacy reasons. It's good for that electric toothbrush. But I know we're going to need many more USB-C outlets in the coming years.
Parkview Mountain House has just launched a new creative residencies program intended to reinforce the house's identity as a creative retreat. The way it works is very simple: If you're an artist, designer, creative or a brand doing culture-shaping work, you can now apply for a free three-night stay at the house. In exchange for the stay, we ask that creative residents produce and share original content that reflects their experience in the mountains of Utah and at Parkview Mountain House. This could include photography, videos, written pieces, branded campaigns (such as a lookbook), and maybe even an artifact for the house. Long term, the idea is to assemble a kind of cultural archive with credit being given back to each individual creator and/or brand. We're really excited to see what this residency program produces and we hope that the results will be design-focused, globally minded, and rooted in a deep love for the mountains.
If you'd like to apply, or know of someone who would be a good fit, here's the link.
New York-based Extell Development is currently under construction on a Four Seasons Resort and Private Residences in the new Deer Valley East Village in Utah. When I was there in December, Bianca and I went by to check out the overall progress in the village, and the crew was in the midst of laying the decking for the ground floor. ODA designed the architecture, interiors, and landscaping.
The residential offering consists of Private Residences and Hotel Residences. The former are located in an owner-exclusive building and the latter are in the hotel building, where the units can be put into the Four Seasons Rental Program. I'm not sure if this is indicative of their overall inventory, but the remaining Hotel Residences are meaningfully larger than the Private Residences.
Based on current availability, the smallest remaining Private Residence (1,553 sf) is going for US$3,283 psf.
As a Park City booster, I think this additional village is exciting. There are now two large interconnected resorts and four distinct villages lining the Wasatch Back: Park City Mountain Resort, Park City Canyons Village, Deer Valley, and the Deer Valley East Village. Visit Utah would say that there's also a third resort in Woodward Park City (which happens to be adjacent to Parkview Mountain House).
But as a real estate developer and snowboarder, I do wonder about two things.
First, Deer Valley East Village is located in an area on the Wasatch Back that receives noticeably less snow compared to other areas because of its lower elevation and broad east exposure. If I refer back to Jim Steenburgh's book, Secrets of the Greatest Snow on Earth, the average annual snowfall at the base of the Jordanelle Gondola (located just north of the East Village) is probably less than 150 inches. This compares to 350+ inches at higher elevations in Park City and 500+ inches in the Cottonwood Canyons.
Because of this, the East Village has obviously invested heavily in snowmaking equipment. But artificial snow is not the same as natural snow. The higher elevations will be just fine, but the lower elevations will likely see marginal conditions. So why build a new village here? And was and is this a consideration for buyers at this new Four Seasons? Or are the luxury amenities and après events the real deciding factors? I'm not their target demographic, but from my perspective, this is reason enough not to buy here.
On the topic of the target buyer, my second question is about Deer Valley's "no snowboarding" rule (which is another reason why I'm not their target demographic). There are only 3 resorts in the United States that ban snowboarding. One of them is Deer Valley, and the other two are Alta (Utah) and Mad River Glen (Vermont). This seems to be a wildly popular rule among resort guests, and I support Deer Valley's decision to weed out "riff-raff" like me. Deer Valley is also known for capping daily lift tickets to keep the crowds down, so they don't seem to be hurting for patrons.
But according to recent data from Snowsports Industries America (SIA), the rough participation split in the US between skiers and snowboarders is somewhere around 60-70% and 30-40%, respectively. There are also many instances where families have a mix of skiers and snowboarders. If you're the Four Seasons at Deer Valley, this segment of the market is excluded. Oh well. The rich snowboarders have Park City, The Colony at Canyons Village, Powder Mountain, Aspen, and many other locations.
My assumption is that the ban on snowboarders is an unapologetic feature of Deer Valley and developments like the Four Seasons. It creates an air of exclusivity and differentiation. Some data also suggests that snowboarders tend to be a more ethnically diverse group compared to skiers (SIA reports show that among female snowboarders, 25% are Hispanic, and among males, 13% are Black — the highest diversity rates in winter sports), so one could argue that it's not just about the type of device used to get down the mountain. And, it seems to be working.
In July 2025, the Extell announced that they had closed a $600 million construction loan for the project from JVP Management and that 60% of the hotel residences were already sold. This is believed to be the largest construction loan on record for a hotel and residential condominium project in Utah.
At the same time, I'm also certain that the Four Seasons lost sales to certain buyers, perhaps a wealthy Boomer or Gen Xer with kids or grandkids who snowboard. Extrapolating this demographic trend, it is also believed that Millennials represent the first generation in the US with near-parity between skiers and snowboarders. So what will this mean for luxury real estate as these Millennials become the dominant buyer segment? My prediction is that the real estate market will respond.
Would you buy at the Deer Valley Four Seasons? Or have you already?
Cover photo: Deer Valley Four Seasons
I sometimes joke that one of my part-time jobs is charging devices, and so I love that the world has shifted to USB-C as the standard for wired charging. It's trendy to criticize the EU for over-regulating things, but this is one area where I'm glad they stepped in and forced everyone, including Apple, to get on board.
Phones, tablets, and laptops basically have 100% adoption at this point, and adoption is similarly high for other small appliances, electronics, and even airplane seats. All of this means having to carry around fewer cables, which is especially helpful when traveling.
At Parkview Mountain House, we equipped the main workspace area and kitchen with USB-C outlets, though we also included USB-A for legacy reasons. It's good for that electric toothbrush. But I know we're going to need many more USB-C outlets in the coming years.
Parkview Mountain House has just launched a new creative residencies program intended to reinforce the house's identity as a creative retreat. The way it works is very simple: If you're an artist, designer, creative or a brand doing culture-shaping work, you can now apply for a free three-night stay at the house. In exchange for the stay, we ask that creative residents produce and share original content that reflects their experience in the mountains of Utah and at Parkview Mountain House. This could include photography, videos, written pieces, branded campaigns (such as a lookbook), and maybe even an artifact for the house. Long term, the idea is to assemble a kind of cultural archive with credit being given back to each individual creator and/or brand. We're really excited to see what this residency program produces and we hope that the results will be design-focused, globally minded, and rooted in a deep love for the mountains.
If you'd like to apply, or know of someone who would be a good fit, here's the link.
On that note, I just discovered a cool Swedish company called Cords that makes beautiful, high-quality cables, chargers, and extenders. They also have a partnership program for architects, interior designers, and retailers if any of you are interested.
Sadly, though, they're a Swedish company and I think all of their devices use a Type C European wall plug. Otherwise, I'd be getting one of the cylindrical chargers shown above.
There are about 15 electrical plug types currently in use around the world. I can't see these being standardized anytime soon, but I do think that we'll see household outlets reach something close to a 50/50 split between standard and USB-C outlets. Already, I feel we should have installed more at PMH.
USB-C doesn't allow for enough power for bigger appliances, so it's not going to be for everything. But for any device that could run off a USB-C port, I don't know why it wouldn't eventually switch. If you aren't already thinking about this in your new-build projects, it wouldn't be a bad idea to start planning for it.
That is, until we've figured out a viable wireless charging solution. This is why USB-C is sometimes referred to as the "final connector." It's probably the last wired connector before we get rid of wired altogether.
Photos from Cords
On that note, I just discovered a cool Swedish company called Cords that makes beautiful, high-quality cables, chargers, and extenders. They also have a partnership program for architects, interior designers, and retailers if any of you are interested.
Sadly, though, they're a Swedish company and I think all of their devices use a Type C European wall plug. Otherwise, I'd be getting one of the cylindrical chargers shown above.
There are about 15 electrical plug types currently in use around the world. I can't see these being standardized anytime soon, but I do think that we'll see household outlets reach something close to a 50/50 split between standard and USB-C outlets. Already, I feel we should have installed more at PMH.
USB-C doesn't allow for enough power for bigger appliances, so it's not going to be for everything. But for any device that could run off a USB-C port, I don't know why it wouldn't eventually switch. If you aren't already thinking about this in your new-build projects, it wouldn't be a bad idea to start planning for it.
That is, until we've figured out a viable wireless charging solution. This is why USB-C is sometimes referred to as the "final connector." It's probably the last wired connector before we get rid of wired altogether.
Photos from Cords
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