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NEWS RELEASE

Lexington Greens at Overlake – 585-unit Master Planned Community - Tooele, Utah

SALT LAKE CITY, UTAH: May 1, 2020

Zenith Tooele is proud to announce the development of 86.42 (+/-) acres of land in Tooele, Utah. The Master Planned Community will be known at Lexington Greens. The developer, Zenith Development, plans to improve the site to include 192 residential lots (7,000SF lots), which will be sold to Regional, National and local Tooele County homebuilders. The site will also include a 144-unit market-rate apartment site, a 72-unit senior apartment site, 186 townhome pads, a 2.8-acre Church site and a 3.9-acre private community park. The Master Planned Community will provide residents with walking trails, biking trails, a private park, community club house and sitting areas.

Charles W. Akerlow, Managing Director of Zenith Development stated, “building communities is very important to Zenith. Our goal is to provide Tooele with a family-friendly, walkable community that incorporates single family detached housing, parks, trails, bike paths, attached housing, senior housing and apartments - all within the same community, and in turn, allowing for residents to start as renters, and then move-up to being homeowners, and all within the same community.”

Zenith Tooele is working in collaboration with Tully Design, Next Construction and Ensign Engineering. Anticipated construction commenced in mid-2019 and anticipated completion of the land sales is expected in late 2021.

Zenith Development is a boutique real estate development firm with offices in Salt Lake City, Utah. The company focuses on Master Planned Communities, Mixed-Use developments, apartments, townhome developments & assisted living facilities.

2040 Murray Holladay Road   Suite 204   Salt Lake City, Utah 84117
801.428.3755     www.zenithpartners.org