Palm Springs, California is often thought of as a retirement destination with the dry air and golf courses a plenty. It has also been hailed as a great vacation get away…people like the idea of escaping city life to go to the desert where it is quiet. Palm Springs, howvwer, is now being sought after by condo and hotel developers and more projects are starting to come out of the ground. One Plam Springs condo project attracting a lot of attention is Port Lawrence, a 118 unit luxury condo development consisting of studios, lofts, townhomes, and penthouses.
The project is anticipated to be completed by next summer 2008. All condos will be finished with European kitchens, great technology, and all the amenities necessary to complete the true “luxury lifestyle”. These new Palm Springs condos will range from 1,000 square feet to 2,500 square feet and start at $600k.
Plam Springs has also been a great target location for the condo hotel industry. The Mondrian was just approved with plans for about 200 rooms and 200 condos. The condo hotel model is perfect for Palm Springs because it has always been a great resort destination as well a great palce for second homes and investments.