Indio City Council Gives Thumbs up to 500-Acre Indio Trails Development

December 5, 2008

Unanimous Vote Sets Stage for Construction of Luxury Community

INDIO, Calif., Dec. 5 /PRNewswire/ – In a 4-0 vote, with former Planning Commissioner Glenn Miller abstaining, the Indio City Council has overwhelmingly approved the Indio Trails development, set for construction off of Interstate 10 in northwest Indio. Entitlement approvals include a Specific Plan, Tentative Tract Map, Development Agreement and the City’s certification of the project’s Environment Impact Report.

“I am absolutely thrilled that the Indio City Council has decided to allow us to move forward with this exciting endeavor,” says Michael O’Rosky, President of Pacific Coast, LLC, which partnered with investment firm Global Equity Holdings on the project. “Make no mistake, Indio Trails will set the standard for comfort and luxury here in the Coachella Valley, and I couldn’t be more proud to be associated with such a high-class project.”

Indio Trails will create a connected lifestyle of residential and commercial product for today’s families seeking privacy at home within a neighborhood community that welcomes whatever degree of social engagement is desired. Luxury, comfort, recreation and convenience in an exquisitely-planned community are awaiting you at Indio Trails.

About Indio Trails

With life and land in harmony, Indio Trails is a unique private residential community of comfortable luxury set amidst preserved natural habitat and breathtaking open spaces. Located in Eastern Riverside County, California, the innovative design approach will provide extraordinary lifestyle and recreation choices within a stunning backdrop of mountains silhouetted against the naturally lush desert landscape. Exceptional community and neighborhood smart design will integrate nature with a diverse range of home styles with distinctive and eco-sensitive architectural features for today’s families. For more information, go to www.indiotrails.com

About Global Equity Holdings LP

Global Equity Holdings LP has upheld the philosophy of developing both private equity and venture capital. With an aggressive approach to pursuing quality investment choices, it is a private equity fund that was formed to finance companies with substantial market potential, as well as other exceptional real estate opportunities. Despite the current economic climate, Global Equity can sustain a strong balance sheet because of its disciplined decision-making and commitment to prioritizing a financial strategy of low debt, significant equity and ample cash. For more information, find Global Equity Holdings online at www.gehlp.com


SOURCE Global Equity Holdings LP

Source: newswire

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