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GHA Companies Announces Plans for a New, Innovative Mixed-Use Development in Palm Desert

Palm Desert, March 31, 2015 (GLOBE NEWSWIRE) -- Mario J. Gonzales of GHA Companies, one of the most respected developers of residential and commercial properties in the Coachella Valley, today announced the approval of the master plan for Millennium Palm Desert, a new 152-acre mixed-use lifestyle community to be built between Portola Road and Cook Street, just south of Interstate 10, adjacent to the California State University Campus.

"GHA Companies and its partners welcome the opportunity to create this unique community from the ground up," Gonzales said. "We envision Millennium Palm Desert being a self-supporting village where you can live, work and shop, while serving as a 'gateway' to Palm Desert with convenient access to the major transportation arteries of the Coachella Valley."

Millennium Palm Desert will consist of nine defined planning areas, including the residential component, Genesis, which includes 166 architecturally vibrant single-family homes to be built on 38 acres at Portola and Dinah Shore Drive. Development of this multi-generational community is to begin in June 2015 with the first residences expected to be available this fall. Proposed prices start in the mid-$300,000s and potential build-out for the entire development is valued at approximately $300 million.

Millennium Village Apartment Homes will provide a stylish, modern interpretation of apartment living and will be constructed in phased development on a 15-acre site on the extended Technology Drive.

Marketplace Village, a shopping center featuring a community-oriented retail outlet and a nationally recognized hotel, will be built on 15 acres at the intersection of Gerald Ford and Technology Drives.

Millennium Professional Business Park will be built on a 10-acre site on Technology Drive adjacent to the Cook Street interchange.

Millennium Gateway Shopping Center, a 21-acre retail complex featuring big box, boutique and specialty shopping, as well as several parcels designated for restaurants, is planned at the northwest corner of the development. It will have direct access to the future Portola Street overpass.

The City of Palm Desert has also reserved a 10-acre site for multi-family housing adjacent to its planned 27-acre Regional Park.

Over the past three decades, Mario J. Gonzales and GHA Companies have demonstrated a commitment to provide quality developments throughout the Coachella Valley. Other residential projects include Montage at Mission Hills in Rancho Mirage, Campanile in Cathedral City, and Encore and Venezia in Palm Desert. Past commercial developments include Staples and Smart & Final in Palm Springs, the Gold's Gym center in Palm Desert and Palm Valley Middle School in Rancho Mirage.

GHA Companies has received many industry honors, including the California Builder of the Year award, the National Association of Homebuilders Best Project and Gold Nugget awards. GHA also consistently donates labor, materials and time to Habitat for Humanity and various organizations throughout the Coachella Valley. For more information, visit www.ghacompanies.com.

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CONTACT: Contact: Mario J. Gonzales President & CEO GHA Companies mario@ghacompanies.com 760-969-1400 Media Contact: Michael Felci mfelci@cordmedia.com 760-834-8599

Source: Millennium