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The Alexian at Northgate Crossing - 247 Multi-Family Units

11.11 Acres of Residential Land in Bermuda Dunes, CA 92203

Investment Highlights

  • PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY | GREAT LOCATION IN INDIO OFF OF I-10 LEADING INTO LA QUINTA
  • WALKABLE & NEARBY RETAIL, SHOPPING, DINING, GOLF, & FANTASY SPRINGS CASINO
  • CITY OF INDIO 3RD FASTEST GROWING CITY IN SOUTHERN CALIFORNIA

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 11.11 AC

1 Lot Available

Lot

Lot Size 11.11 AC

247 MULTI-FAMILY UNITS | 1 & 2-BEDROOM UNITS | 3-STORY WALK-UP | 11.11 ACRES

Description

THE ALEXIAN AT NORTHGATE CROSSING MASTERPLAN is part of a new partially developed 80± acre mixed-use master plan complete with planned multi-family, single family detached residential (under construction), retail (partially built), restaurants (partially built) office, public open space, and parks. Currently built and open stores so far include Arco/AM PM/Car Wash, Sonic, McDonalds, & Del Taco. Northgate Crossing is known as the new gateway into the cities of La Quinta & North West Indio near Jefferson Interchange as traffic flows from I-10 to Jefferson St. for residents heading as far south as PGA West in La Quinta. This project is located in the city of Indio but is adjacent to the city of Bermuda Dunes and La Quinta. Its location provides excellent arterial access to I-10, Hwy. 111, S. La Quinta, S. Indio and other desert communities. The property is divided by several new, expanded, or extended streets including Jefferson Street, Avenue 42, and Country Club Drive. The 247 Multi-Family units on 11.11 net acres (22DU/acre) at The Alexian were efficiently designed one and two bedroom apartments (50% each). By designing more efficient units (707 – 1,086 sq. ft. averaging 988 sq. ft.), this project will be ideally suited to meet the needs of tenants in the market and will have a competitive advantage over projects designed with large units. The Alexian was designed with a contemporary style of architecture with vibrant use of colors throughout. The residential buildings have been designed as three-story walk-up stacked flats with tuck under parking. Each residential unit will be provided an enclosed parking garage on a one-to-one basis. Of the 247 private garages, approx. 147 will be provided via tuck garages with the remainder provided through detached garages. An additional covered carport will be provided to all two-bedroom units. The Alexian is planned to include a resort style pool, club room, leasing office and fitness center with a total building size of 3,890 sq. ft. which will be located adjacent to primary access and is designed to make a significant impact as one enters the project. The Alexian represents one of the only notable approved (specific plan) multi-family projects, and developable properties within the Indio and La Quinta area now and for the near-future, and will allow a multi-family developer to control one of the only projects for the future supply of residential rental development for many years to come.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
606-650-001
Land Assessment
£2,017,838
Improvements Assessment
£0
Total Assessment
£2,017,838

zoning

Zoning Code CBOOK
CBOOK
  • Listing ID: 30283276

  • Date on Market: 05/12/2023

  • Last Updated:

  • Address: The Alexian at Northgate Crossing, Bermuda Dunes, CA 92203

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