Western Real Estate Business

OCT 2018

Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.

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www.REBusinessOnline.com Western Real Estate Business • October 2018 • 43 seen around town, as well as a com- mitment to attract new businesses and identify blighted areas that can be reused for exciting purposes." Growth Opportunities /LNH %HOOÁRZHU WKH &RDFKHOOD 9DO- ley city of Indio is looking for ways to grow while maximizing its current RHULQJV "Indio is a progressive community that is committed to smart growth with a focus upon creating a vibrant pedestrian-oriented downtown," says P.J. Gagajena, administrative services manager of economic development and marketing for the City of Indio. "Indio's vision is for a downtown that is a community-gathering place, regional destination and mixed-use hub with a thriving arts, business, en- tertainment, shopping and residential scene." The city issued an RFQ (request for quotes) this past August for a master developer that can plan, design and implement a master development concept. Indio and its successor agen- cy own several properties totaling more than 26 acres that can activate the community's vision for a down- town that includes mixed-use, cre- ative and place-making components. The Haagen Company also has plans to rebrand the former Indio Fashion Mall into a lifestyle and en- tertainment center called the Indio Grand Market Place. The redevelop- ment project includes the existing 215,000-square-foot mall and a 20- acre city-owned parcel. Current plans for the mixed-use property include a 10-screen theater, 120-room hotel, a gym, 400 housing units and 20,000 square feet for a major retail anchor store. "Our retail centers have evolved and changed over the past decade, largely in response to the ever-changing retail marketplace," Gagajena explains. "As online sales have increased and re- tailers reduce their brick-and-mortar Bellower is betting big on restaurants in anticipation of the new LA Metro Light Rail line. Pictured above is Ricci at 16601 Bellower Blvd. Bellower is opening a variety of quick-service restaurants, such as Jersey Mike's, which is located at 15919 Bellower Blvd. Million People Visit Indio Every Year city of festivals TM LARGEST AND FASTEST GROWING CITY IN EASTERN RIVERSIDE COUNTY, CA indio.org ASK US ABOUT NEW DEVELOPMENT OPPORTUNITIES IN DOWNTOWN INDIO 20 best cities for young families CITY IN THE U.S. FOR LIVE MUSIC 1.4 TOP indio #1

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