Fieldstone Homes outside of the new Daybreak community development project
DAYBREAK, Utah (ABC4) – Looking for a new home?
A full-scale community has been announced at Daybreak, and construction is slated to begin this month.
IHP Capital Partners and Fieldstone Homes will participate in a joint venture to develop the residential project. The homes will vary in size from 2,800 square feet to 3,500 square feet. Representatives say the homes are meant to appeal to first-time buyers and home buyers.
Fieldstone Homes has 135 lots for new homes
When complete, the entire Daybreak Master Plan project will span 4,000 acres and offer 20,000 new homes for sale.
âThe demand that we are seeing in Utah is exceptional and IHP is very pleased to continue to partner with Fieldstone Homes to bring new homes to Greater Salt Lake City,â said ReneÃ© McDonnell, Managing Director of IHP Capital Partners. âDaybreak is a premier blueprint with extensive amenities designed to enhance the outdoor-oriented living experience of Utah. The community is an opportunity for home buyers to acquire a new modern home built by a quality home builder at an attractive price.
A recent study showed that home prices in Utah continue to climb amid an ongoing economic and real estate boom. Home prices in Utah saw one of the biggest jumps in the country, rising 28.3% from 2020-21.
The average single family home in Utah now costs around $ 460,000.
âSalt Lake City continues to attract people from across the country looking for a vibrant lifestyle in a conducive business environment,â said Jason Harris, vice president of land acquisitions at Fieldstone Homes. âUtah is one of the fastest growing and youngest states in the country, and its population is extremely diverse. Fieldstone leverages its depth and experience, which is enhanced by its partnership with IHP, to deliver a range of new quality home types and sizes throughout the Salt Lake City area.
To learn more about the project and the amenities available, Click here.