FOR IMMEDIATE RELEASE
Contact: Chris Escobedo, City of Indio
Over $70 Million in New Commercial Investment Directed to Indio
The Chandi Group USA and Dr. Prem Salhotra & Sons Close Escrow on Two Indio Properties; Development Plans Ready
Revived Northgate Project will Transform Area; Two new Arco Am/Pm Gas Stations Underway
Back to Back Ground Breaking Ceremonies Scheduled for Morning of Tuesday, September 25th
Indio, Calif., (September 18, 2012) – Recently, the Chandi Group USA et al closed escrow on two properties in the city, clearing the way for major new commercial investment and private job creation in Indio. Construction plans are being prepared for the development of the multi-million dollar mixed use commercial area located at the intersection of Jefferson Street and Avenue 42, otherwise known as Northgate. Additionally, the Group will be building an Arco AM/PM at the Northeast corner of Jackson and Avenue 42 adjacent to the new Auto Zone.
“Indio’s business friendly climate is essential for a dream project such as this multi-million dollar development. By investing over $70 million on these commercial projects, we are positioned for success. We plan on creating new jobs, enhancing the services available to the community, and strengthening the local economic base,” said Nachhattar Chandi, President & CEO of the Chandi Group USA. “I look forward to working with city officials to bring these projects online and thank them for all of their support.”
“This is a win-win scenario for everyone; people are sensing the resurgence of Indio’s economic engine and we are ready to work with them to create jobs, move ahead with new projects, and stimulate new investment into our community ,” said Indio’s Mayor, Glenn Miller. City Manager, Dan Martinez has assembled the city’s fast track development resources to assist the Chandi Group USA. “I’ve directed city staff to fast track these projects and prepare for the additional development slated for the Northgate property,” said City Manager Martinez.
“The Indio Chamber is thrilled that the highly respected Chandi Group USA is continuing to grow their business in Indio. Creating jobs, adding new store fronts and additional opportunities for residents to shop local is an extremely positive sign for us. The City of Indio is demonstrating their pro-business friendly attitude and it is evident in the addition of the multitude of new developments locating in our
community” states Joyce Donaldson, President/CEO Indio Chamber of Commerce. “Enticing large corporations such as Chandi Group USA to remain and steadily invest in the City is commendable.”
Northgate is an approved mixed-use development located at the northerly gateway entrance to the city and will consist of approximately 363,000 square feet of commercial, retail, financial institution, office space, high-end hotel, and residential units. The Chandi Group USA plans to soon begin construction on phase 1 of this project.
The Northgate Arco AM/PM gas station/convenience store will feature a new technology in car washing. According to the Chandi Group, the car wash can handle 7 cars at a time and will feature promotional car washes for $5. The site will be built on approximately 2.2 acres and will begin construction in about 30 days.
The Jackson Street and Avenue 42 ARCO AM/PM location will be built on 1.35 acres (approximately 58,356 sq. ft.) and it will feature a car wash and convenience store; construction will begin next week.
The Chandi Group USA is a vibrant business group with operations in several AM/PM gas stations, car washes, and fast food franchises such as Subway, and Del Taco. The Chandi Group USA operates largely in the Coachella Valley and Imperial County but extends to Northern California as well. The total annual turnover of the Group is well over $300 million at this point. Targeted goals of this group are to hit the $500-million mark in another 2 years.
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Back to Back Groundbreaking Ceremonies on Tuesday, September 25th
Groundbreaking #1 will begin promptly at 9:15am and will take place at the north east corner of Jackson Street and Avenue 42 (adjacent to Auto Zone). It will feature representatives from the city, Chandi Group USA and several others for the kick of construction at that location.
Groundbreaking #2 will begin promptly at 10:30am and will take place on the future Northgate project area north of Avenue 42 and East of Jefferson Street. A large canopy will be on display, refreshments and food will be provided by the Chandi Group.
Additional details will be forwarded to the media on the groundbreaking ceremonies.