Bob Hope Dr & Dinah Shore Dr, Rancho Mirage, CA 92270

This offering consists of 148.93 acres of raw, mixed-use land, encompassing the majority of Rancho Mirage's Section 19 Specific Plan. The property is offered as an assemblage of three separate parcels. Parcel #1 consists of approximately 57.46 acres and includes five planning areas targeted for mixed-uses, with a desired combination of residential and non-residential uses, allowing up to 329 residential units. Planning area 1.05, with frontage on Bob Hope Drive, is envisioned for a resort hotel with up to 280 rooms already permitted. Parcel #2, also approximately 57.46 acres, contains six planning areas. Planning area 1.04, fronting Dinah Shore Drive, is slated for community retail development with a maximum floor-area ratio (FAR) of 0.35 and will become a corner lot at a signalized intersection upon completion of the proposed Key Largo Avenue expansion. Planning areas 2.02 and 2.04 are designated for mixed-uses, allowing up to 182 residential units. Planning areas 4.01, 4.02, and 4.03 are targeted for high-density residential development, potentially accommodating up to 588 units at densities reaching 28 units per acre in buildings of three to four stories. The inclusion of affordable housing could increase allowable density to approximately 36 units per acre. Parcel #3, located in the southwestern corner of the planning area, spans planning areas 1.01 and 1.02, which are the least intense areas in the section, featuring elevated topography and a maximum FAR of 0.35–0.40. This parcel allows for low-density residential (planning area 1.01), medium to high-density residential (50 residential units), and mixed-use (planning area 1.02). A boutique hotel with up to 150 rooms is planned as part of the lifestyle center (planning area 1.01). The site benefits from its location at the intersection of Dinah Shore Drive and Bob Hope Drive, key corridors with high traffic volumes of approximately 16,709 and 15,465 vehicles per day, respectively.