(801) 407-6850


Transforming Vision Into Value


The ICO Development team is unique in its ability to visualize the value creation potential of challenged locations, sites, or jurisdictions. Because we have an in-house staff of engineers, architects, geotechnical, and site experts who support our business development experts with over $2B of combined real estate investment experience, ICO is able to bring to market the most distinctive and highest performing properties in the markets we serve.

Analytical Rigor

Like every ICO business, Development is grounded in fundamental analysis of market research and financial assessments. Unlike most real estate developers, ICO applies sophisticated tools from adjacent industries and experience of its founders to add financial rigor, conduct market research at a granular level, and model outcomes using proprietary software tools to create an unmatched development process. Fundamental value investment tools underlie the decision to proceed on any development. Expert interviews, using ICO’s broad industry contacts, are performed on every development opportunity, and results are confirmed in primary user interviews, conducted at the sub-segment tenant level. Proprietary supply and demand sub-market forecast models are also used to support each project decision.

Not Projects, but Rather Creation of Communities and Lifestyles

ICO Development is known for excellence in the style, craftsmanship, and utility of its projects. Developments are much more than construction projects: Our zealousness for research, and ability to transform vision into distinctive value, enable ICO to create communities and lifestyles for its residents, not just buildings.

What We Develop

ICO focuses on Utah. ICO develops mixed-use communities, multi family communities, and commercial lifestyle projects. Within commercial, ICO develops industrial, mid-sized office, retail, and mixed-use projects. ICO’s professionals conduct feasibility and valuation studies, perform extensive market research, identify locations, plan sites, negotiate purchases, manage entitlement processes, and oversee construction, leasing, and property management at project maturity. ICO performs these services for its own account, with joint venture partners, or for third parties


Acquisition And Development



Taylor Maughan





Stephen Hopkins



Ivory Apartment Homes
Smart Home Buying Program™

ICO Companies Office:

3401 N. Center St. Suite 300 Lehi, UT 84043


The ICO Companies, a sister company to Ivory Homes, Utah’s Largest Homebuilder for 31 years.