PALM DESERT, CA – Metonic Real Estate Solutions, along with APOGEE Professional Services, is proud to announce the upcoming multifamily development, Millennium Apartments, in Palm Desert, CA.
The community will feature a mix of studio, one, two, and three-bedroom homes. Twenty percent of the 330-apartment home community will be affordable housing. The development will include resort-style amenities and will be the first new multifamily development built in the submarket in 11 years.
The Millennium Apartments site is located at the interchange of Cook St. and Interstate 10 in Palm Desert, CA. This live/work community has access to local universities, restaurants, and meeting facilities. Major nearby attractions include California State University – San Bernardino, UC Riverside, El Paseo Shopping District, and Eisenhower Health Hospital.
There are several new developments in the area, including the inaugural Storyliving by Disney concept, and a new 10,000-seat arena. The new developments are projected to bring thousands of new jobs to the Coachella Valley.
Kassie Inness, President of Metonic, said of the new development, “We are very proud of the luxury design and mixed-income component of this apartment community. Being part of the growing Palm Desert sub-market is very exciting for our company and stakeholders. We appreciate the support of City personnel and local constituents over the past two years of pre-development.”
For more information about Metonic, please visit our website at metonic.net or contact Jenna Herrick at (402) 952-4599.
About Metonic Real Estate Solutions
Metonic Real Estate Solutions is a private real estate company unique to the Midwest. Metonic evaluates opportunities to develop and acquire multifamily properties while providing exceptional homes for residents and an unparalleled investment experience for their partners.
