Site is located at the SEC of Dick Kelly Drive and Monterey Avenue, in the city of Palm Desert, CA.
17.31 High Density Residential Acres up to 384 Units
- Property Overview: The MCP SPECIFIC PLAN at MONTEREY consists of 32.2 prime acres in the City of Palm Desert along highly-traveled Monterey Avenue (which divides the City of Palm Desert and Rancho Mirage). This approved Specific Plan was thoughtfully planned and approved for both for sale or for rent detached or attached residential and commercial uses, on 4 future parcels (2 residential and 2 commercial) – residential or commercial parcels can be considered together or as two separate transactions. Immediately north of the site lies the Desert Gateway regional shopping center comprised of Wal-Mart, Kohl’s, Ashley furniture and numerous drive through and fast casual restaurants. To the east of the site lies vacant land, partially owned by the Palm Springs Unified School District for use as a future school. To the southeast of the site lies “The Enclave”, a 320-unit upscale apartment complex; and to the south lies the Lowe’s improvement center. To the west of the site, across Monterey Avenue, lies undeveloped land in the City of Rancho Mirage.
PALM DESERT, CA is located in the center of the Coachella Valley and spans from I-10 to south of Hwy. 111 with an impressive average household income of $105,011. The city is well known for its luxury shopping district known as “El Paseo,” multiple resorts and golf courses, and several college campuses. Palm Desert has a growing population of 52,807, with an increasing demand from renters/buyers, and a dire need for-rent or for-sale residential and commercial development. With an approved Specific Plan already in place, and no other approved project with these uses in the immediate area, the “MCP Specific Plan” provides the quickest development entry into this booming market-place.