Rising out of the sand-colored desertscape in Utah like a luxury-laden mirage, the latest development from Canyon Equity LLC became a tangible reality in December with the debut of Aman Residences, Amangiri, in Canyon Point, Utah.
Showcased are the first of 12 überluxurious homes set across 900 acres of the Colorado Plateau in Canyon Point. The development is proximate to Canyon Equity’ s five-star, 34-suite Amangiri, which will serve as a source of amenities and services for residents.
Helmed by CEO Robert Hee, Canyon Equity is the operating arm of Larkspur, Calif.-based private equity firm Canyon Group, and is the owner / developer of the project, which was on the company’ s agenda for almost two decades.“ The vision to create branded residences at Amangiri is not new; it has been part of the property’ s make-up since inception and the opening of the hotel in 2009,” said Hee.“ But the ideation underwent different revisions. The market went through different cycles and the resort itself evolved.”
Part of that, he noted, was the successful opening five years ago of a glamping outpost, Camp Sarika by Amangiri, with 10 luxury tented pavilions and common areas, located within a mile of the resort.“ The traction of Camp Sarika, Amangiri’ s growing reputation and loyal base of guests, as well as a growing interest in branded residences, all led us to feel the time was right to turn our attention back to the development of residences at Amangiri,” said Hee.
The homes, designed by Los Angelesbased Masastudio, mirror the subtly luxe Modernist aesthetic of the hotel, and reflect the surrounding desert landscape. Residences offer four to eight bedrooms on five to 19 acres and include a variety of outdoor spaces and a swimming pool.
Hee is buttoned up over specific price points for the residences, but he did note each home is uniquely designed to each specific lot and topography and to enhance its viewshed, orientation and privacy.“ As such, the pricing varies from residence to residence, but we are achieving the highest price per square foot in the area,” he volunteered, adding he expected the dozen properties to sell out in the next couple of years.
Asked if demand might see that number increase in the future, Hee said the focus is on selling the 12 homes and“ building a community of like-minded, discerning and passionate residents at Amangiri.”
Once one or more of the residences is built and bought, a buyer could opt to return his / her property to the hotel’ s rental pool for overnight stays and a prospective owner would be able to“ test drive” the residence in person.
Who the potential owners of the Amangiri Residences will be remain to be seen, but, according to Hee, there isn’ t a specific buyer profile.“ Attachment to the destination is a driving factor,” he said, offering
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