Plans for a new section of the proposed $1 billion La Entrada master-planned community in Coachella, Calif., moved ahead after the developer and city council agreed that the plan would include 500 affordable housing units.
The 981-acre development in the Palm Springs area will include thousands of homes, schools, public parks, retail and office space, and maybe an athletic stadium.
The massive multi-use project is expected spur rapid growth in the city over the next two decades. Las Vegas-based New West Development expects to break ground in 2015.
Residents and officials had feared that the project would exclude low-income residents. The city council voted 5-0 in favor the proposed number of affordable housing units, though some community leaders said more of these residences should be earmarked for low-income residents given the city’s demographics.
In total, the plan calls for about 7,800 houses, condos and apartments, and a new highway interchange. The development will generate $1.1 billion in labor wages over 20 years, $3.4 billion in taxable sales revenue over 20 years, and 21,000 in jobs, according to the developer.
Related Stories
Codes and Standards | Feb 14, 2019
ISO publishes first global BIM standards
Based on British standard and a publicly available standard.
Codes and Standards | Feb 12, 2019
Property technology adoption accelerates in commercial real estate industry
New business models create disintermediation.
Codes and Standards | Feb 11, 2019
Investing in downtowns pays off for cities, regions
Benefits include driving tax revenue, business activity, and smart development.
Codes and Standards | Feb 8, 2019
Oslo, Norway’s downtown goes virtually car-free
Parking spots converted to bike lanes, transit is fast and easy.
Codes and Standards | Feb 7, 2019
New North Carolina energy code has extensive lighting control requirements
Includes automatic shut offs for buildings of all sizes.
Codes and Standards | Feb 6, 2019
Solar carports can help with California’s Title 24 mandates
Can be combined with virtual net-metering software and tax-enabled financing.
Codes and Standards | Feb 5, 2019
Milwaukee board approves rezoning for Western Hemisphere’s tallest mass timber building
Mixed-use tower would rise 21 stories high.
Codes and Standards | Feb 1, 2019
Mass. governor proposes real estate transfer fee hike for climate resiliency projects
Opposed by real estate and trade groups, plan could generate $1 billion in next decade.
Codes and Standards | Jan 31, 2019
New York City will reform construction bid process
Streamlined process intended to improve efficiency, reduce hassle for bidders.
Codes and Standards | Jan 30, 2019
New AGC program aims to diversify construction workforce
More diversity needed to keep pace with demand for workers.