http://www.palmspringslife.com/media/Palm-Springs-Life/Financial-Guide/Annual-2007/Coachella/
Fiesta Development, a private company headed by partners Larry Redman and Richard Ashby, hopes to have approvals in place by the end of the year and begin construction in the spring of next year on what ultimately will include more than 8,000 housing units, ranging from garden apartments to mini-estates with sweeping views of the entire valley. Two golf courses, 1 million square feet of commercial and office space, and a hotel site will be easily accessible from Interstate 10 via a new interchange.
Because of the unique topography of the site as it changes elevation from the valley floor up the Chiriaco Summit grade, 46 percent of the project land will be open space dedicated either as parks or golf course. Also planned are a fire station, electrical substation, lakes to hold reclaimed water for irrigation, a 35-acre sports park, and miles of walking paths and horse trails.
For the first time, residential development is taking shape north of Interstate 10 in areas served by Desert Sands Unified School District. Two elementary schools, one middle school, and one high school are in the works. The city merged four separate project areas in order to refinance its redevelopment bonds to lay the groundwork for future infrastructure the community will need as it grows.
Comments (0)Subscribe to CommentsComment