MKA Capital Group Announces Cathedral City California Tesoro Project to Break Ground in Spring 2013
Newport Beach, CA, March 02, 2013 --(PR.com
)-- The project, which is named after the Spanish word for “treasure,” has been processed over the last several years through George Baker, President of DEVCO Builders, LLC. The name is appropriate, considering that the planned single-family detached residential development will be a gem in the Coachella Valley of Cathedral City, loaded with exciting new features. It will consist of a 150 foot expansion bridge entrance with common area facilities like a barbecue area, family parks, clubhouse and beautiful pools. The project in itself will have 107 home sites located south of East Palm Canyon Drive and will encompass 16 acres that backs to the base of San Jacin Mountains in Coachella Valley.
The building lots are fully entitled and a final map of the project is ready to be recorded with the municipality of Cathedral City. The houses in this project will range in size from 1,545 to 1,966 sq. ft. with pricing from $339K to $409K. They will compete with foreclosure properties and the current REO of the surrounding area. Consumer interest is expected to be prevalent, as the Coachella Valley appeals to those that reside in the area full time and those that come in from other parts of Northern and Southern California, Canada, and the Western United States for their weekend getaways.
Based in Newport Beach, California, MKA Capital Group Advisors is a real estate management, advisor, and development company headed by Jason Sugarman in Investments and George Baker in Real Estate Development Projects, Construction, Asset Management, Leasing and Brokerage. They also manage funds for Institutional Investors. Since 2002, the company has been involved in developments throughout the entire Western United States including California, Hawaii, Colorado, Utah, Oregon, Arizona, Nevada, Texas, Florida and Washington. The company has also been the developer or lead investor in over 100 real estate developments totaling over $3 billion in development value. MKA Advisors
has done business with top developers as well as small to medium sized real estate development firms.
Source: MKA Capital Group Advisors LLC