The City of Palm Springs is considered one of the strongest performing sub-markets in the Inland Empire with regards to home buyer demand, new home price appreciation, and record setting price per square foot numbers. “BEL AIR GREENS” is situated less than a mile from downtown Palm Springs, and the Palm Springs International Airport, and represents one of the few remaining potential residential fee land opportunities of size in the City of Palm Springs. The subject property is situated in an irreplaceable location adjacent to the Mesquite & Tahquitz Creek Golf Clubs with spectacular mountain views. One of the most important traits this property has is that is already has underlying residential zoning, so the path to entitlements could be quicker here than other golf course re-development opportunities. The City of Palm Springs is populated by alternative lifestyle locals, coastal 2nd-home weekenders, seniors, international based snowbirds, and has been targeted more than ever before as the new trendsetting place for homebuyers to purchase new home product with modern architecture. To help continue this momentous resurgence occurring now in Palm Springs, $140-million in new funding for Palm Springs was recently backed by voter approved Measure J and has paved the way for a massive revitalization of downtown. These improvements most notably include a new destination mixed-used project underway called Downtown PS with a recently built 7-story hotel by Kimpton Hotels & Restaurants.
