Plans Unveiled for $42M Waters Edge Resort on Bear Lake
- Aug 01, 2012
The developers of the Waters Edge Resort have unveiled their plans for their $42 million project adjacent to Bear Lake. The project will include a hotel, as well as retail and business space, but also a residential component in the form of condominium units.
Waters Edge Resort will capitalize on Bear Lake’s nickname of “Caribbean of the Rockies” in an area where resorts have yet to proliferate. It will be located in immediate proximity to the beach, just off Highway 89. An 84-key full service hotel will spearhead a development that will also feature 70 condominium units, 40,000 square feet of retail, restaurant and office space that will be leased out as soon as possible, as well as 5,000 square feet of conference and meeting space for company events.
The entrepreneurs and investors linked to Waters Edge are Vietnamese investors drawn by South Jordan resident and investor Hai Huynh, who is himself of Vietnamese origin. Huynh acknowledged in an interview for the Deseret News that many Vietnamese are unfamiliar with Utah, but he is confident that a special visa measure for foreign investors will put Utah firmly on the map.
Image courtesy of cachevalleydaily.com
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