The City of Palm Springs has been one of the strongest performing sub-markets in Riverside County in terms of price stabilization, home buyer demand and new home price appreciation. Art Colony represents one of the few remaining single family fee land opportunities for residential development in Palm Springs.
Art Colony is a ±14.09 acre unimproved parcel. The approved Tentative Tract Map consists of a total of 166 units and 32,410 SF of retail space, with both public and private open space. It is anticipated the buyer of the Art Colony will process a new tentative tract map that reflects the highest and best use of the property based on today’s prevailing market dynamics.