Disney Breaks Ground on Housing Community, Hotel in Rancho Mirage
It’s called Cotino, a project by Disney on 600 acres of land in the Coachella Valley, that will be the media and theme park company’s first “Community” in the U.S. The development will offer single-family homes and condos plus a hotel and shopping all surrounding a crystal-clear lagoon.
Disney terms the experience for home buyers as Storyliving, where residents can write their own story in the desert oasis. It’s no coincidence that the company chose Rancho Mirage, CA as the location. Walt Disney has roots in the area, and used to bring his employees to the Coachella Valley as a creative outlet.
Home prices have not been disclosed yet, but they go on sale early next year, and the first residents are expected to move in by 2024.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.