This multi-family development represents a rare opportunity to invest in a shovel-ready project in one of Logan's most ideal locaations. Starting as raw ground, Summit navigated the full entitlement process to deliver a project that is permitted, planned, and ready to go vertical in the near future. Phase 1 consists of two 3-story buildings totaling 32 units, with the groundwork already laid for efficient construction and a streamlined path to stabilized occupancy. What sets this project apart is its proximity to the new 200-acre outdoor recreation complex that Logan City is actively developing - a major demand driver that will make these units significantly more attractive to renters and add long-term value to the asset for years to come.
PROPERTY GOALS
Affordable Housing
Deliver a well-designed multifamily community that keeps both purchase and rental price points accessible, addressing a genuine need in the Logan market without sacrificing quality. By prioritizing attainable pricing from the ground up, this project aims to serve residents who are too often priced out of well-located, modern housing.
Long-Term value
Structure the project to appreciate over time, ensuring the asset holds and grows in value well beyond the initial construction and lease-up phase. Smart site selection, quality construction, and proximity to the new 200-acre recreation complex all position this development as a strong long-term hold.
Investor Returns
Execute the project in a way that delivers consistent, measurable returns and a clear path to full capital recovery for all investment partners involved. With entitlements secured and construction imminent, the project is de-risked at the stage where most deals lose time and money.
Community Impact
Build a development that genuinely contributes to the surrounding neighborhood, complementing Logan City's nearby 200-acre recreation complex and adding to the quality of life for residents and the broader community. A well-executed project here doesn't just fill a housing need, it helps shape the character of a growing city.
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