Site is located at the northwest corner of Highway 111 & Miles Avenue, in the city of Indian Wells, CA.
±15 Prime Acres
- Property Overview: “Miles Crossing” consists of ±15 prime acres located on two major arterial thoroughfares for the valley including 1,200 feet of rare frontage on Highway 111 with additional frontage on Miles Avenue. The subject site is located adjacent to the best luxury resorts/hotels in the region, high-end golf courses, and breathtaking 360-degree mountain views. The subject property was previously approved for a 7-story ± 400 unit senior/active adult project, however the highest and best use is likely a Hotel Resort, or Timeshare development. Other potential uses could include Mixed Use, Senior Living, Commercial or Luxury Condominiums. The city of Indian Wells is considered the most affluent city in the valley with high average household incomes, and the #1 rank in property values in the Inland Empire. This luxury city is known for its high end resorts, hotels, shopping, expensive homes, and golf clubs. The subject property is located adjacent to the highly acclaimed 36-hole “Indian Well’s Golf Resort” that features a 53,000 sq. ft. clubhouse and includes two courses ranked in the Top 25 “Best Municipal Courses in the United States”. Access to play is reasonable with low cost green fees and no need for an expensive membership fee or hefty HOA fees. In 2009, Oracle CEO/co-founder Larry Ellison purchased the nearby Indian Wells Tennis Gardens (less than a quarter mile away from the subject property) and its signature event, the BNP Paribas Open - the most attended ATP World Tour and WTA tennis tournament in the world. In 2013, the Indian Wells Tennis Garden underwent a sensational site expansion including a 2nd permanent Stadium with 8,000 seats and two restaurants. “Miles Crossing” is perfectly situated between the Indian Wells Tennis Gardens, “luxury resort row” on Highway 111, and high end homes; and is the last major vacant development property in highly desirable Indian Wells.