Family Development and Presidio Residential Capital have won city approval to develop a $451 million master-planned community in Riverside County, Calif. Located in Indio, about 24 miles east of Palm Springs, the 660-acre development will include 1,300 townhomes, condominiums, apartments and single-family homes, as well as 284 acres of open space and public parkland and a two and a half-acre commercial center.
Dubbed Virada, the development would be the region’s first green master-planned project.“The Coachella Valley has never had a sustainable community, let alone a sustainable master-planned community of this size and diversity,” said Vincent Barbato, principal of Family Development, in prepared remarks. “We’ve created Virada to promote a healthy, active lifestyle with special significance on embracing the environment and forging community pride.”
Presidio purchased the parcel north of Avenue 38 in Indio, Calif., in 2013. The Altum Group provided entitlement, preliminary design and project management services for Virada. The land was entitled twice, but never developed, with previous plans including a 27-hole golf course and assisted living facility. The retail center will be located within a five-minute walk from all residents. Located at the base of the Chocolate Mountains, the community will have easy access to Interstate 10.