SilverRock Development in La Quinta Sold for $65 Million After Years of Delays

After years of back and forth, the SilverRock development in La Quinta has officially changed hands. City officials announced the sale during a city council meeting Tuesday night, calling it a major milestone for the community.

More than 100 acres of partially developed land have been sold to Turnbridge Equities for $65 million. Previous estimates had valued the property between $300 million and $400 million, but the land had remained tied up in bankruptcy for years.

Turnbridge Equities brought the property out of bankruptcy and now plans to move forward with development. Proposed plans include a hotel, 445 homes, and a clubhouse. City officials say the sale provides long-awaited momentum for an area that has been stalled for more than a decade.

The SilverRock Golf Course will remain owned by the City of La Quinta and is not part of the sale. The development site was previously known as Talus at SilverRock.

City leaders say the transaction clears the way for future growth while preserving city ownership of the popular municipal golf course.