(SOUTH JORDAN, UT – May 14, 2021) C.W. Urban, an innovative Utah homebuilder, hosted a ground breaking for its newest project, thePEARL, at North Shore at 10:00 am at the construction site located at 4647 South Jordan Parkway in South Jordan, Utah.
The six-acre lakefront development will feature 119 two and three bedroom townhomes, as well as 89 apartments across three-to five-story apartment buildings. The units will offer luxury amenities including a gym, pickleball courts, splash pad, club lounge, snack bar, custom curated finishes and an observation deck overlooking the north shore of Oquirrh Lake.
thePEARL at North Shore will be a distinctive mixed-used master-planned rental community within Daybreak. The community will create a new “neighborhood center” by adding a Harmon’s grocery store and ancillary retail locations. Residents will have premium access to the beach at Oquirrh Lake’s north shore as well as the walking and cycling paths surrounding the lake.
“The Utah housing market has never been hotter, which means there has never been a greater need for a variety of housing choices,” said Darlene Carter, President of C.W. Group. “thePEARL at North Shore will provide a micro-community of in-demand luxury for rent housing in one of the most desirable communities in Utah.”
The development is a result of the combined efforts of Larry H. Miller Real Estate, which recently purchased more than 1,300 undeveloped acres of Daybreak, and C.W. Urban. C.W. Urban will act as the developer and general contractor for the project. C.W. Design, a C.W. Urban affiliate, is the lead architect on the project. Key consultants include Spectrum Engineers, Ensign Engineering, LoCi, and Perigee Consultants.
In 2020, Daybreak was the fifth fastest selling master-planned community in the United States according to RCLCO Real Estate Advisors, and was named the 2019 Masterplan Community of the Year by the Pacific Coast Builders’ Conference due to its varied and unique homes, community design, rail and highway accessibility, trails, and commercial uses.
Capital for the project was provided by Argosy Real Estate Partners (AREP), which specializes in opportunistic, value-add, core-plus and Opportunity Zone strategies in the lower middle market. Through joint venture structures, AREP invests in joint ventures with operating partners who possess substantial market knowledge and a demonstrated track record. For more information on Argosy Real Estate Partners, visit www.argosyrep.com.
Lending is provided by Principal Financial Group, a Fortune 500® global financial investment and insurance company founded in 1879. For more information, visit www.principal.com.
C.W. Urban is leading the way in creating unique real estate for Utah residents. We start with thoughtful land planning and progressive architectural standards all with the intention of putting the residents’ wants and needs first. We believe that good design is good business and promise to deliver trendy, yet timeless, residential communities in the urban cores of Utah. For more information visit: www.builtbycw.com.
C.W. Urban is an affiliate of C.W. Group. C.W. Group is a real estate development group focused on developing master planned communities, residential lots, urban in-fill communities and mixed-use properties throughout the state of Utah. We are founded on the principles of creating value through thoughtful land planning, progressive architecture and exceptional project-level execution. For more information visit: www.thecw.group.
Larry H. Miller Real Estate, established in 1986, develops and manages a variety of real estate properties, including automotive dealerships, movie theatres, office space, mixed-use residential and master-planned communities, townhomes, apartments and construction projects.