The Bonanza Park 5-acre proposal would bring 106 rental apartments to the southwest corner of Kearns Boulevard and Bonanza Drive, according to a report published October 28, 2026. The plan includes 88 income-restricted units and approximately 32,600 square feet of commercial space, though the project's review was paused in October 2026 for design revisions.
The development, proposed by Brinshore Development on city-owned land, consists of seven buildings ranging from one to four stories. The housing mix includes 88 deed-restricted homes aimed at households earning between 40% and 80% of the area median income, while 18 units would have no income restrictions. No homes in the project would be for sale. Non-residential components include a childcare center, arts space, retail, restaurants, and nearly two acres of public open space.
The project's approval process is currently on hold after Brinshore Development requested to continue its October 14, 2026, Planning Commission hearing to allow for design updates. While the City Council approved preliminary plans on March 19, 2026, the City Council plans to review the project again in November 2026. Discussions are expected to address rising construction costs and whether the plan aligns with the council's original intent.
The city purchased the roughly 5-acre site in 2017 for $19.5 million. Since then, the city has spent almost $24.4 million on the property. The current agreement with Brinshore Development is set to run through December 31, 2026. Meanwhile, the resident group PLACE PC gathered 2,400 signatures as of September 30, asking the city to end its partnership with the developer.
As of October 28, 2026, the Park City MLS shows approximately 13 months of supply in the Prospector area, creating a buyer's market. Active residential listings in the area include 33 properties, while 7 remain pending.
