There are no golf greens in the works for downtown Salt Lake, but one of Utah's largest property managers is planning to locate stores and over 700 homes next to Lake Park Corporate Center and the 27-hole Stonebridge Golf Course in West Valley City.

Zions Securities Corp., a company best known for managing LDS Church-owned office and apartment buildings downtown, is embarking on its first master-planned development in Utah - Highbury at Lake Park. (It also has a 1,700-acre mixed use project in the works in Kansas City, Mo.)

"It's kind of new to us," said Kathi Campbell, marketing director for Zions Securities. "We create the vision for what we want it to look like. Then we work with developers to [build out the] pieces."

Some commercial development already is complete. A Kohl's Department Store and other stores sit at 3100 South and 5600 West, but the shopping center - owned and developed by Amsource Development Inc. - is slated for expansion northward. Amsource also plans 55,000 square feet of retail space at 5600 West and 2700 South.

A trail system, winding around waterways and open space, would connect homeowners to the shops and corporate center, where a few thousand employees now work for companies such as Intermountain Healthcare and PacifiCorp. A transit route - possibly light rail or a trolley - has been proposed along 5600 West as part of plans for the Mountain View Corridor slated for 5800 West.

Highbury "will be a great asset to the city," said Joseph Moore, head of community development in West Valley City.

Ivory Development, dubbed "master residential developer" for the project, plans to buy 179 acres of Highbury and build about 670 single-family homes and 100 townhomes. Construction begins this summer, and the first homes should be available by year-end, said Ivory President Chris Gamvroulas.

He expects prices to range from $230,000 to $400,000.

"We've had 400 people tell us they have an interest in this site already. A lot of them are employees in Lake Park Corporate Center," Gamvroulas said. "That's one of the really neat parts of this [development] is people can . . . walk to work."

Garbett Homes plans to build 64 townhomes, and Cowboy Partners is expected to build rental apartments and additional townhomes. These housing projects will be located closest to the commercial development.

rwinters@sltrib.com