Utah Town Gains New Community Through Well-Timed Business Partnership

A company’s proposed move to the area spurred new development, jobs, and community.

1 MIN READ

CJM Development Group

Born from a simple business relocation, the Sandstone Hills development has changed the game for housing in Richfield, Utah. The small city of just 8,000 has long suffered an acute housing shortage, and locals had turned to motels and other short-term options that weren’t ideal. So, when Dale T. Smith & Sons Meat Packing Co. set its sights on moving to the area, the situation was only poised to worsen.

Fortunately, the company connected with CJM Development Group, and a new apartment community hit the Richfield market for the first time in years.

Not only has the project added 120 much-needed housing units to the area, but it has also allowed the Smith & Sons company to relocate successfully to Richfield, bringing 150 new jobs with it.

CJM Development Group

Another notable aspect of the project: All Sandstone Hills units are restricted to residents earning 55% of the area median income or below.

“The property allows residents access to the finest amenities, such as a pool, hot tub, fitness center, and clubhouse,” says Sierra Rogers, vice president of property management for CJM Development Group.

The $26 million property also boasts a playground, 70 on-site storage units, and full-size refrigerators and quartz countertops in the units. “It’s become a valuable addition to the neighborhood,” Rogers says.

PROJECT DETAILS

DEVELOPER | CJM Development Group

ARCHITECT | Think Architecture

GENERAL CONTRACTOR | SU Commercial Construction

MAJOR FUNDERS | Hunt Capital Partners; Moss Adams; Zions Bank; Olene Walker Housing Trust Fund; Utah Housing Corp.; Darrell Smith and family; CJM Development Group

About the Author

Aly J. Yale

Aly J. Yale is a freelance writer, specializing in real estate, mortgage, and the housing market. Her work has been published in Forbes, Money, Business Insider, Bankrate, The Motley Fool, The Balance, HousingWire, and more.

No recommended contents to display.