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Citrus Ranch MP in Indio Ca. Is Sold

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PennyP1cker   Saturday, 03/03/18 03:04:44 PM
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Post # of 71 
Citrus Ranch MP in Indio Ca. Is Sold
Buyer is identified only as a prominent local investor.

Citrus Ranch, an approved master-planned golf course community in Indio, California, has been sold by Saxony Land Company to a buyer identified only as "a prominent local investor in the Coachella Valley, according to Land Advisors Organization of Irvine, which represented the seller and announced the deal.

The Citrus Ranch community will feature approximately 3,053 residential units that will range in density from 2.5 du/ac to 15 du/ac. Citrus Ranch will offer segmented products along with luxury amenities like a community pool/spa, clubhouse, parks, and a golf course. The community also will contain an 18-hole, 7,100 yard, par 72 golf course that will provide spectacular views of the surrounding communities and take advantage of the natural topography.

David Landes, a vp at Land Advisors, said, “The new owners of Citrus Ranch recognized the value of the previous approved Specific Plan. They plan to add value through various innovative new land uses and plans.”

Riverside County’s population is expected to increase by 1.2% each year until 2022, ultimately confirming the already optimistic vision of many home builders looking to expand into the county.

The Coachella Team of Land Advisors Organization will be coming to market soon with two additional masterplans: Escena in Palm Springs and Shadow View in Coachella. (Builder Magazine, Feb. 2018)

Comment: Too bad PHM didn't buy this land. I think golf developments are not the way to go, perhaps that's why PHM didn't buy it. I was thinking PHM could divest the golf portion or change the master plan and take out the golf making it something else instead like a man-made lake. It would be nice to see PHM focus more on Southern California.

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