A massive 161-acre senior community has been planned for the Coachella Valley, though it’s not immediately clear where exactly it will be.
Rising India, Inc. announced in a news release that it would build The Foothills, an assisted living community in the desert. Plans include more than 1,500 units on 40 acres surrounded by 120 acres of untouched land. The website lists the project as The Foothills, though a different news release has called it Hidden Hills.
Rising India proposes to build independent living units, 1,200 assisted living units and a memory care center, according to the company’s website, which shows a map but not any clues to a city or other Coachella Valley landmarks.
The Foothills could include a solar farm and natural hot springs, according to an article from Senior Housing News.
Rising India, a developer based out of Tustin, Calif., acquired Mayer-Luce Development in July and owns a majority stake in the business, according to news releases.
Mayer-Luce Development had previously filed in 2008 for Chapter 7 bankruptcy protection, a full dissolution of assets and repayment of credits with whatever available.
Plans for a huge gated country club community were scrapped, and the 505-acre, $1 billion Tuscan Hills property was sold in foreclosure for $38.5 million to Scripps Investment and Loans Inc. of La Jolla, a major project investor.
When plans stalled at the time, which was during the height of the recession, Walter W. Luce, then a principal of Mayer-Luce, cited a sluggish housing market as the reason for the delay.
Luce is now CEO of Rising India, according to the company website.
Phone calls to Rising India have not yet been returned at this time. More to come.
Business reporter Dominique Fong can be reached at (760) 778-4661, firstname.lastname@example.org and on Twitter @dominiquefong.