Desert Sun: First homes at Disney-backed Cotino in Rancho Mirage could be ready by January
By: Tom Coulter
Palm Springs Desert Sun
“Cotino — the Disney-branded development in Rancho Mirage that will feature hundreds of homes, a swimmable lagoon andmore — is gradually emerging on a sprawling swath of land off Bob Hope Drive. And to fund the sewer and water pipes, streetupgrades and other public infrastructure that will come with it, the city council recently voted to make the landowner andfuture Cotino homeowners pay up to $50 million.
The first residents are expected to move in early next year.
Cotino is slated to eventually have nearly 2,000 homes and condos on land just east of Bob Hope Drive, between FrankSinatra and Gerald Ford drives, and across from the entrance to Sunnylands Center and Gardens. Its first phase featuringmore than 300 homes, some of which will be in a 55-plus community, is planned on the property’s north end near the lagoon.
Home sales began this year, with prices starting north of $1 million for some designs and in the “mid-$2 millions” for others.As of May 1, a dozen lots had been sold to a homebuilder under contract with buyers, while many others are subject toongoing negotiations, according to documents submitted to the city council last week.The development has been led by Arizona-based developer DMB Development, and Disney joined as a partner in 2022,announcing Cotino as its first Storyliving by Disney community. (Late last year, Disney said its second Storyliving community will be about 30 miles west of Raleigh, North Carolina.)”