the residences at rancho mirage country club · amenities re purpose h g c 000 sq f c (int y...

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COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T (760) 969-7357 THE ONLY APPROVED RESIDENTIAL & HOSPITALITY PROJECT IN AFFLUENT AREA OF SOUTH RANCHO MIRAGE 108 RESIDENTIAL UNITS & 60 HOSPITALITY UNITS AVAILABLE SEPARATELY OR TOGETHER PROPERTY & RANCHO MIRAGE OVERVIEW “THE RESIDENCES AT RANCHO MIRAGE COUNTRY CLUB” is located on the southeast corner of Frank Sinatra Drive and Bob Hope Drive, and has fully approved entitlements in place to renovate and repurpose approximately 49 acres of existing Rancho Mirage Country Club facilities to a resort hotel with a residential condominium component. In addition to the boutique hotel and condominium units, the project also proposes a revitalized golf course, remodeled entries on Frank Sinatra and Bob Hope Drive, and an extensive amenity package available to all existing residents. The residential component consist of one-hundred eight (108) two and three bedroom condo units (stacked flats ranging from 1,481 to 1,837 sq. ft.) in 27 two-story buildings with additional square footage/lock-off suites for each (additional 480-520 sq. ft. with potential rental income for unit owners), which could be made available as hotel rooms within the rental pool if the owner wishes. The additional 60 standard hospitality-only units consist of approx. 460 sq. ft. each in size. The overall project will include a number of cost-saving renovations and amenities including the renovation and repurpose of the existing 31,000± sq. ft. clubhouse into a hotel lobby, destination restaurant, lounge, event space and golf starter/pro-shop (open to public). Additional amenities will include the 18-hole executive course, at least two pickle ball courts, event lawn, walking paths, and active/passive outdoor fitness equipment. RANCHO MIRAGE is known as one of the most affluent cities in Riverside County with an average household income of $109,708. Some of America’s finest golf courses, most exclusive residential communities, and international events such as the annual JAL (Japan Airlines) Championship, formerly known as the Dinah Shore Golf Tournament (one of the LPGA’s five majors). Many famous people have made Rancho Mirage their home including President Ford upon his retirement from the U.S. Presidency. Home to the Valley’s premium resorts, Rancho Mirage lodging properties recently collectively invested over $900 million in renovations and reconstructions. The Agua Caliente Casino Resort Spa is the Valley’s only regional skyscraper property with 24-hour gaming. The Ritz-Carlton Rancho Mirage recently reopened after undergoing a major $60 million renovation and is the only Five-Star lodging property in the region. The City of Rancho Mirage promises the seasoned traveler and the discriminating resident the perfect combination of luxury, value and access to some of North America’s finest golf, spa and dining opportunities right in the Heart of the Palm Springs Valley. THE HOFFMAN COMPANY EXCLUSIVE OFFERING BROKER CONTACT Erik Christianson CA BRE #01475105 C (949) 910-7337 | T (949) 705-0920 echristianson@hoffmanland.com PROPERTY DETAILS LOCATION Rancho Mirage, California REGION Coachella Valley, Riverside County INTERSECTION SEC Bob Hope Drive (Entrance at Kavenish Way) & Frank Sinatra Drive AREA LANDMARKS Eisenhower Medical Center, Sunnylands PROPERTY SIZE 25± Net Developable Acres ZONING/GP RS-H (Resort Hotel) – Allows Residential & Hospitality Uses RESIDENTIAL 108 Stacked Flat Condo Units: 1,481 – 1,837 Sq. Ft. (+ 500 sq. ft. lock-off suites) HOSPITALITY 60 Hospitality Units: 460 Sq. Ft. AMENITIES (RE-PURPOSE) 18-Hole Golf Course & 31,000 Sq. Ft. Clubhouse (into hotel lobby, restaurant, etc.) NEW AMENITIES 2-Pickle Ball Courts, Pool, Event Lawns, Walking Paths, Fitness Stations SITE CONDITION Current 18-Hole Golf Course, Tennis Courts, and Clubhouse ENTITLEMENTS Fully Approved by PC, CC, and Architecture Review Board OFFER DUE DATE Offers to Be Considered as Submitted. BOB HOPE DR The Residences at Rancho Mirage Country Club 108 RESIDENTIAL UNITS | 60 HOSPITALITY UNITS | 31,000 SQ FT CLUBHOUSE (RE-PURPOSE) 25 NET DEVELOPMENT ACRES | CITY OF RANCHO MIRAGE, CA | COACHELLA VALLEY K H A V E N D I S H D R AMENITY RENDERING SUBJECT CURRENT AERIAL RESIDENTIAL RENDERING RENDERING ONLY – SITE PLAN & ARCHITECTURE MAY BE SUBJECT TO CHANGE DO NOT CONTACT CITY OF RANCHO MIRAGE OR THE RANCHO MIRAGE COUNTRY CLUB WITHOUT OWNERSHIP’S PERMISSION RECENT CITY APPROVAL 5-0 UNANIMOUS VOTE

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Page 1: The Residences at Rancho Mirage Country Club · AMENITIES RE PURPOSE H G C 000 Sq F C (int y estaurant c.) NEW AMENITIES Pick B Courts Pool Even Lwns Walk Paths F Stations SITE CONDITION

COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T (760) 969-7357

THE ONLY APPROVED RESIDENTIAL & HOSPITALITY PROJECT IN AFFLUENT AREA OF SOUTH RANCHO MIRAGE

108 RESIDENTIAL UNITS & 60 HOSPITALITY UNITS AVAILABLE SEPARATELY OR TOGETHER

PROPERTY & RANCHO MIRAGE OVERVIEW“THE RESIDENCES AT RANCHO MIRAGE COUNTRY CLUB” is located on the southeast corner of Frank Sinatra Drive and Bob Hope Drive, and has fully approved entitlements in place to renovate and repurpose approximately 49 acres of existing Rancho Mirage Country Club facilities to a resort hotel with a residential condominium component. In addition to the boutique hotel and condominium units, the project also proposes a revitalized golf course, remodeled entries on Frank Sinatra and Bob Hope Drive, and an extensive amenity package available to all existing residents. The residential component consist of one-hundred eight (108) two and three bedroom condo units (stacked flats ranging from 1,481 to 1,837 sq. ft.) in 27 two-story buildings with additional square footage/lock-off suites for each (additional 480-520 sq. ft. with potential rental income for unit owners), which could be made available as hotel rooms within the rental pool if the owner wishes. The additional 60 standard hospitality-only units consist of approx. 460 sq. ft. each in size. The overall project will include a number of cost-saving renovations and amenities including the renovation and repurpose of the existing 31,000± sq. ft. clubhouse into a hotel lobby, destination restaurant, lounge, event space and golf starter/pro-shop (open to public). Additional amenities will include the 18-hole executive course, at least two pickle ball courts, event lawn, walking paths, and active/passive outdoor fitness equipment.

RANCHO MIRAGE is known as one of the most affluent cities in Riverside County with an average household income of $109,708. Some of America’s finest golf courses, most exclusive residential communities, and international events such as the annual JAL (Japan Airlines) Championship, formerly known as the Dinah Shore Golf Tournament (one of the LPGA’s five majors). Many famous people have made Rancho Mirage their home including President Ford upon his retirement from the U.S. Presidency. Home to the Valley’s premium resorts, Rancho Mirage lodging properties recently collectively invested over $900 million in renovations and reconstructions. The Agua Caliente Casino Resort Spa is the Valley’s only regional skyscraper property with 24-hour gaming. The Ritz-Carlton Rancho Mirage recently reopened after undergoing a major $60 million renovation and is the only Five-Star lodging property in the region. The City of Rancho Mirage promises the seasoned traveler and the discriminating resident the perfect combination of luxury, value and access to some of North America’s finest golf, spa and dining opportunities right in the Heart of the Palm Springs Valley.

T H E H O F F M A N C O M P A N Y E X C L U S I V E O F F E R I N G

BROKER CONTACTErik ChristiansonCA BRE #01475105C (949) 910-7337 | T (949) [email protected]

PROPERTY DETAILSLOCATION Rancho Mirage, California REGION Coachella Valley, Riverside CountyINTERSECTION SEC Bob Hope Drive (Entrance at Kavenish Way) & Frank Sinatra Drive AREA LANDMARKS Eisenhower Medical Center, SunnylandsPROPERTY SIZE 25± Net Developable AcresZONING/GP RS-H (Resort Hotel) – Allows Residential & Hospitality UsesRESIDENTIAL 108 Stacked Flat Condo Units: 1,481 – 1,837 Sq. Ft. (+ 500 sq. ft. lock-off suites)HOSPITALITY 60 Hospitality Units: 460 Sq. Ft. AMENITIES (RE-PURPOSE) 18-Hole Golf Course & 31,000 Sq. Ft. Clubhouse (into hotel lobby, restaurant, etc.)

NEW AMENITIES 2-Pickle Ball Courts, Pool, Event Lawns, Walking Paths, Fitness StationsSITE CONDITION Current 18-Hole Golf Course, Tennis Courts, and ClubhouseENTITLEMENTS Fully Approved by PC, CC, and Architecture Review Board OFFER DUE DATE Offers to Be Considered as Submitted.

BOB HOPE DR

The Residences at Rancho Mirage Country Club 108 RESIDENTIAL UNITS | 60 HOSPITALITY UNITS | 31,000 SQ FT CLUBHOUSE (RE-PURPOSE)

25 NET DEVELOPMENT ACRES | CITY OF RANCHO MIRAGE, CA | COACHELLA VALLEY

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HAVE

NDIS

H DR

AMENITY RENDERING SUBJECT CURRENT AERIAL RESIDENTIAL RENDERING

RENDERING ONLY – SITE PLAN &ARCHITECTURE MAY BE SUBJECT TO CHANGE

DO NOT CONTACT CITY OF RANCHO MIRAGE OR THE RANCHO MIRAGE COUNTRY CLUB WITHOUT OWNERSHIP’S PERMISSION

RECENT CITY APPROVAL

5 - 0 U N A N I M O U S V O T E