Ivory Homes
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| Company type | Partnership |
|---|---|
| Industry | Home Building |
| Founded | Salt Lake, Utah (1964) |
| Founder | Ellis Reed Ivory |
| Headquarters | Salt Lake City, UT , United States |
Key people | Clark Ivory (CEO) Ellis Reed Ivory (Founder) |
| Revenue |  US$490 million (2018) |
Number of employees | 240 (As of December 2018)[1] |
| Website | www |
Ivory Homes is an American housing construction company, active mainly in Utah.[2] In 2017 it was in 60th place on a list of such companies by size in the United States.[3]
History
As Utah started to face the economic issue of limited housing affordability and a significant housing gap,[4] in 2017 the firm initiated a program, Ivory Innovations, offering competitions and prizes for innovative ideas on making housing more affordable.[5]
Controversy
In December 2013, the Applewood Park mobile home complex announced rent increases for their property totaling 44 percent over a six-month period. Applewood Park was purchased in 2011 by a company affiliated with Ivory Homes, ICO Multifamily Holdings. Residents, suspect the rent increases are designed to force them to abandon their homes and allow ICO to replace the neighborhood with a 186-unit apartment complex.[6]
In 2018, Ivory Homes partnered with Woodbury Corporation in proposing a project for the vacant former Cottonwood Mall Site. This proposal was a mixed-use project with high-rise apartments, single-family homes, and, commercial use [7] It was approved by the Holladay City Council,[8] but later challenged by a group of local residents because of its high density.[9] The proposal was placed on the residential mid-term election ballot; the residents voted against the project and the Supreme Court ultimately ruled in opposition to the proposal.[10]
References
- ^ "Ivory Homes". Data.com. Retrieved 2011-10-19.
- ^ "No Upturn in sight, Utah home builders get inventive". Salt Lake Tribune. Retrieved 2011-10-19.
- ^ "2017 Builder 100". builderonline.com. Retrieved November 29, 2018.
- ^ "What Rapidly Rising Prices Mean for Housing Affordability" (PDF). Kem C. Gardner Policy Institute. Retrieved 29 November 2018.
- ^ "Ivory Homes Spearheading $200,000 contest". BuilderOnline. Retrieved December 1, 2018.
- ^ "Seniors: Ivory Homes affiliate is squeezing us out". Salt Lake Tribune. Retrieved 2012-01-14.
- ^ "Holladay Quarter Project". Holladay Quarter. Retrieved 29 November 2018.
- ^ "Revised Plan Unanimous Approval". Holladay City Journal. Retrieved 29 November 2018.
- ^ "Holladay Residents Hope to Block Cottonwood Mall development". Deseret News. Retrieved November 29, 2018.
- ^ "Utah Supreme Court: Residents' vote to block development at old Cottonwood Mall stands". Deseret News. Retrieved November 29, 2018.