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Home My WebLink About1/30/2020 - STAFF REPORTS - 03 Major Project Update Quarterly Update to the City Council January 30, 2020 Residential Projects ? r Quarterly Update to the City Council � ' January 30, 2020 a: j Gin , R � 'X I Lia.�H 64 @ Riv — Tract Map 37210, Case 5. 1395, PD 383 64 Condominium Units; SE corner N . Indian Can on Dr. Via Escuela ON SCHEDULE • Tentative Map and Final PD approved by Council in February 2017 • 64 new condominium units • Construction commenced in 2017 • Building permits issued for all 64 condominium units • 41 condominium units sold • Completion anticipated by May 2020 ' 64 @ Riv — Tract Map 37210, Case 5. 1395, PD 383 64 Condominium Units; SE corner N . Indian Can on Dr. Via Escuela ,00 9 k. �0 i 1• l�j • • �S • =3 rD t / '�. • Y 70 • • n � • .nr • P r J i o • • A. 1 •• � . � 5 , Oo •I � i �Y BP000000000 di I a tf ON SCHEDULE • City Council approved Tentative Map and Preliminary PD in July 2017 • Project is located in 100-year FEMA floodplain • Riverside County Flood Control is completing design to install major storm drain improvements to eliminate floodplain ("Line 41") • Developer is postponing project until County completes Line 41 project • City Council approved 2-year time extension on December 19, 2019 • Final design to be completed pending County's completion of Line 41 project Canyon View; Tentative Map 36969, Case No. 5. 1384, PD 381 ° 80 single family units SW corner of E. Palm Canyon Dr. / Matthew Dr. - � y v _ a 1 CHOC Affordable Housing Project, "Monarch"; Case No. 3.3333 60 — 11 2 and 3 bedroom income restricted apartment units SW corner of Indian Canyon Dr. / San Rafael Dr. ON SCHEDULE • Planning Commission approved project on January 23, 2019, pursuant to SB-35 streamline process for affordable housing projects • City Council approved Disposition / Development Agreement on Feb. 6, 2019, to sell City's affordable housing property for the project, subject to performance schedule and tax credit financing to fully fund project. • Property remains in escrow until fully financed, with outside closing date of June 1, 2021 • Agreement terminates if project not fully funded by June 1, 2021. CHOC Affordable Housing Project, "Monarch"; Case No. 3.3333 60 — 1, 2 and 3 bedroom income restricted apartment units SW corner of Indian Canyon Dr. / San Rafael Dr. a • ! f ry 8•� •• �� m a * a .Al•. . ��,;,: •aa-� s�--,' �P... d.G-"• •♦� �: a 00 V6 , � .tN_ — �� ON SCHEDULE • City Council approved Preliminary PD in July 2006 • Development suspended during economic recession • Entitlements extended from 2008 through 2015 • Final map approved by Council in July 2015 • Final PD approved by Council in July 2017 • Off-site street and landscaping improvements completed in 2018/2019 • Property sold to Toll Brothers in March 2019 • On-site construction underway Cody Place; Tract Map 33575, Case No. 5. 1056, PD 314 26 live-work units, 80 condominium units; 15,000 SF commercial NE corner of S. Palm Canyon Dr. / Mesquite Ave. z N m n O rD O —{ 0 m O O r+ 3. °+ h �. < LnO rD cu W v colD .; ;a. k � o u, o Ln Ln ro rD Ln �'.. -0 Ln - n 00 a rD Ln lip ler"f��F'�l�`�,•:-4 a�"l�I�:r�r� •! ON SCHEDULE • City Council approved Preliminary PD in September 2016 • CEQA litigation filed by ABCD in November 2016, settlement agreement approved in March 2017 • Entitlements extended in 2018 • Property acquired by Far West Industries in October 2018 • Plans submitted to City for review and approval • Stockpile plan approved, import of soil to start this month from Palm Canyon Wash • On-site construction scheduled to start by April / May Elan; Tentative Map 36914, Case No. 5. 1378, PD 379 25 condominium units and 56 single family units NW corner of S. Palm Canyon Dr. / Mesquite Ave. ON SCHEDULE • Originally approved as "Palm Springs Classic" in 1994 with 1,450 units, hotel and golf course • Acquired by Lennar Communities and developed as "Escena", 550 single family home sites developed and sold to other builders in multiple phases • Escena approved in 2004 • Final maps for first 4 phases approved in 2005 r � ' • Economic recession suspended construction from 2008-2012 • Final maps for 51h and 61h phases approved in 2013/2014 '� C • Housing construction continues, with 99 lots remaining • New tentative map approved by Council in November 2019 for Th phase with 40 new single family lots ., Escena — Tract Map 32233, Case 5 .0666, PD 231 550 single family homes, hotel, golf course development a • • r.s `l� �i,< rD • I a • 11 Ln • +- e _ a' ff • Ln aj i LU rD •, • S+ • r ON SCHEDULE • Tentative Map and PD approved by Council in January 2015 • 46 new condominium units • Final PD approved by Planning Commission in April 2016 • Construction commenced in 2017 • Building permits issued for all 46 condominium units • 28 condominium units sold • Completion anticipated by August 2020 Icon — Tract Map 36725, Case 5. 1340, PD 370 ° 17 46 Condominium Units; SE corner N . Palm Can on Dr. Calle Alvarado s . . e - . .. • w ,. .'y'� �F m'^"-ins " IWO Living Out; Tentative . • 37602, Case • 1 i NW 105 condominium units and 5,000 SF commercial retail spaces �q.o•M�O corner ofTahquitz Canyon1 ON SCHEDULE • Application filed in August 2018 • AAC approved February 2019 • PC approved March 2019 • City Council approved June 2019 • Plans submitted for review • Construction to commence later this year Living Out; Tentative Map 37602, Case No. 5. 1449, PD 389 xF 105 condominium units and 5,000 SF commercial retail spaces :.:.. NW corner of Tahquitz Canyon Way / Hermosa Drive ON SCHEDULE • Final maps recorded for both phases. • Amenity Center under construction. • Club House under construction. • Plans approved for 3 phases of singleALI { family homes (164 units) • 3 Builders: Christopher Homes, Gallery Homes and Woodbridge Homes Model homes under construction ryRif L . c�"�. . 's � Vie. > ad• _ �.- Miralon — Tract Map 31848, Case 5.OW2, PD 90 1, 150 Units (752 single family / 398 multi-family) 4i�Y Yi�,y DELAYED Located at the NE corner of Indian Canyon Dr. / San Rafael Dr. ? i • Originally approved in 2005 ' • 123 of the 211 condominium units were constructed • Club house and 2 swimming pools constructed • Remaining property subject to foreclosure and subsequently sold to various developers a '��-• ." ...mow... Palermo — Tract Map 33561, Case 5. 1029, PD 315 < . 211 Condominium Units with 11,000 SF Commercial Retail G 2 0 NJ / } 0 o E} / ] ƒ e % ] 2 » \ // g j ¥ p � � } w NJCU / \ \ / -07 U3 ` 3 -00z � & £ . 2 a f e (A m ± ® 0 \ ƒ J \ \ \ \ \ / f0- « g = m \ / » k / C 0 / J J � J 00 « 3 m cu � ° � ® \ w \ 3 \ / q / ) / ) « 8 G R U m / & \ w U ƒ � � \ R Ln o . Ln % \� tpg2t : g ; j � � g to 3 /■ . . . . . g . g z . mTm » � ■ ms _ �¥ � § ®` Ti\ to . . . } q grim ± t � ! �■ & . � - _ . , � � � ^ � �� 2 • ON SCHEDULE i � ""`3"F'' a • Residential development converts the abandoned Palm Springs Country Club golf I . x course, approved in September 2016. ( if • Development Agreement approved July ' _ 2018, sets forth performance schedule: ➢ 06/2020: start Phase 1 improvements ➢ 09/2020: start Phase 2 improvements " ➢ 03/2021: close first house in Phase 1 ➢ 04/2021: start Phase 3 improvements •.* ➢ 08/2021: close first house in Phase 2 Y ' �•�'' ➢ 01/2022: close first house in Phase 3 ➢ 04/2022: start Phase 4 improvements 01/2023: close first house in Phase 4 Serena Park — Tentative Map 36691, Case 5 . 1327, PD 366 386 Units (294 single family / 92 multi-family) P � \ tl ,, : � r, t i ,•:r:,•.yti..� fir.��:�- ` homes,72 single family • • • iroaHs.. SE corner ofTahquitz Canyon ON SCHEDULE • Application filed in 2013 • City Council approved Preliminary PD in September 2014 • Planning Commission approved Final PD in February 2017 • Construction commenced in 2017 • Final map approved by City Council in June 2018 • Housing construction commenced in 2018 • To date: 26 permits issued for single family, and permits issued for all 93 condominium units 4 Vibe; Tract Map 36689, Case No. 5. 1046, PD 232 ON ° 72 single family homes, 114 condominium units SE corner of Tahquitz Canyon Way / Farrell Drive ,� +�moo.••• Y Le Ilk E�/•'�J �' �._,�/� r' ~�' �{$�`.� •Fig ' �� 7 t + k Ak — 4 y �w"• *\fir i. � � 6. �., _ �� c, � r.uwnce..aa�us —_ � _•—The s Racquet • • 33334, Case 5. 1052, ' D 313 big• ; Mixed Use — 71 Condominium Units with Commercial DELAYED • Originally approved in 2006 to renovate and restore the Bamboo Room, Albert Frey House, and existing bungalows; 55 new condominium units in 9 new buildings • Construction of 1 new condominium building commenced but was not completed • Entitlements have expired • Historic designation of site pending • Registered as a vacant property, requiring maintenance and security The Racquet Club — Tentative Tract Map 33334, Case 5. 1052, PD 313 r� - Mixed Use — 71 Condominium Units with Commercial Uses Hotel Projects Quarter) Update to the City Council Y P Y January 30, 2020 ,F i r' Andaz Hotel; Case No. 5. 1091, PD 324 �3 DO` 150 rooms and 26,600 SF commercial retail spaces DELAYED • Originally approved in 2006 as a mixed use residential/commercial project with 118 condominium units; City approved revisions to project in 2008, 2011, 2013, and 2015 • Final development drawings approved by City Council in March 2015 for 150 hotel rooms with 26,600 SF commercial space • Building plans approved in 2016, construction commenced June 2016 • Construction stopped in 2017 as a result of dispute with contractor, restarted in November 2017 with new contractor, subsequently stopped in August 2019 as a result of dispute with new contractor • Enforcement letter sent to owner regarding status of project • Construction scheduled to resume next month Andaz Hotel; Case No. 5. 1091, PD 324 '� 150 rooms and 26,600 SF commercial retail spaces i p e 1 i Bode Hotel; Case No. 5. 1448; 30 hotel suites (84 bedrooms) 282 S. Indian Canyon Dr. at Baristo Rd. R, x 1 � Y# Bode Hotel; Case No. 5. 1448; 30 hotel suites (84 bedrooms) : ' 282 S. Indian Canyon Dr. at Baristo Rd. ON SCHEDULE • New hotel project approved by Planning Commission in December 2018 • Grading underway and nearly complete • Building plans under review, anticipate start of construction in March 2020 • 18-month construction schedule • Opening anticipated Summer 2021 Bode Hotel; Case No. 5. 1448; 30 hotel suites (84 bedrooms) 282 S. Indian Canyon Dr. at Baristo Rd. »�«« - $ § G g / e \ ? / . < n a � k e e rj § g » / / .4 � ° / 0 \ £ d \~ � « J DELAYED • New hotel project originally approved in July 2007 with 200 rooms and 143 condominium units; revised project approved by City Council in November 2017 with 170 rooms and 35 condominium units, and Hotel Operations Covenant (TOT rebate) with Performance Schedule • Revision to project approved by City Council in July 2019 with 156 rooms and 40 condominium units • Subject to Performance Schedule; construction of underground garage commenced in 2018, vertical construction of hotel to start Feb. 1, 2020, opening by Feb. 28, 2022 • Enforcement letters sent to owner, meetings on status of construction held • Developer is requesting extension of time to commence construction of hotel Dream Hotel; Case No. 5. 1132, PD 333 . 156 rooms and 40 condominium units .4 M NW corner of Avenida Caballeros / Amado Road i a •r•+can a.�i . • • • �{. i.5 � :.7 r — • r • r • r •ET n !.a • r • • • = • r • d • J�T • • �I • r • z3 - c • r • o • 81 uj •• Lrl 1} � t • dL -[ • 1• I ON SCHEDULE • New hotel project approved in November 2016; entitlement extended in 2018 and 2019 • November 2019 City Council approved Hotel Operations Covenant (TOT rebate) with Performance Schedule and automatic default • Revised project submitted currently under review by HSPB, AAC and Planning Commission with final approval anticipated by April 2020 • Performance schedule requires: April 2021 = building permit; October 2022 = substantial completion; December 2022 = open hotel • Failure to comply with Performance Schedule = default of TOT rebate @, Orchid Tree Hotel Renovations; Case No. 5. 1345 r Located on the block between Arenas Road — Baristo Road and Cahuilla Road — Belardo Road DELAYED • Former Shiloh Inn — closed 2016 • Renovation to a new Marriott Autograph Hotel, " r" branded the "TOVA" approved April 2017 ' a ' • ,1 • Major demolition completed in 2017 _` x t ` • Revisions to project submitted in 2018 to add underground parking and new restaurant / sp' • Revised project approved Feb. 2019 • Enforcement letter sent to owner; negotiating agreement with Owner on Performance Schedule and penalties la • Owner is obtaining financing • Construction anticipated to start this spring .-� TOVA Hotel, 1875 N . Palm Canyon Dr.; Case No. 5. 1382 'INI 95 rooms with 12,800 SF lobby building and 15,200 SF restaurant / lounge building r \ `x y _ � r.: Ov ter .. TOVA Hotel, 1875 N . Palm Canyon Dr.; Case No. 5. 1382 A � �S �r�.'q a. "5u�•M. — 50 .. r Hotel;Au Virgin No. 3.3908, rooms i • i -1. DowntownProject ON SCHEDULE • New hotel project originally approved in April 2016 • City Council approved Hotel Operations Covenant (TOT rebate) for Virgin Hotel in April 2016 • City Council approved Development Agreement for Virgin Hotel in November 2017 • City Council approved amendment to Development Agreement in January 2019 • Development Agreement imposes Performance Schedule for completion of Virgin Hotel and to receive benefit of Hotel Operations Covenant: ➢ Complete building plan check: 9/30/22 ➢ Complete bidding: 11/30/22 ➢ Secure construction loan: 1/31/23 ➢ Complete vertical construction: 12/31/24 ➢ Grand opening: 3/1/25 Virgin Hotel; Case No. 3.3908, 5. 1427; 142 rooms * Block B-1, Downtown Project