Rael Development Corporation (“Raelcorp”) is a privately-held real estate company specializing in the development, investment and management of commercial real estate. Founded in 1977, the firm has acquired and developed an array of trophy properties in select markets across the country. The company is guided by its experienced senior leadership along with a dedicated staff of veteran real estate professionals. Raelcorp targets properties in the student housing, multifamily, hospitality and retail sectors and maintains offices in Newport Beach, California and Dallas, Texas.
Experience & Expertise
Raelcorp specializes in the development of institutional-quality purpose built student housing adjacent to thriving and sizable campuses.
Raelcorp pursues a disciplined opportunistic acquisitions program targeting well-priced multifamily, retail and hotel assets nationwide.
Raelcorp selectively pursues specialized investment and development projects within the hospitality, retail and residential sectors.
Raelcorp is approved by the U.S. govt. to source and invest foreign capital in U.S. real estate projects through the EB5 investment program.
Hospitality & Retail
ANDAZ PALM SPRINGS & SHOPS ON PALM CANYON
Raelcorp is pleased to announce the groundbreaking of its highly anticipated Andaz Palm Springs hotel and Shops on Palm Canyon retail project. The mixed-use development is situated in the heart of downtown Palm Springs, along the world-famous Palm Canyon drive and vibrant Uptown Design District.
The project has been thoughtfully designed to capture the unique spirit of this renowned desert community, offering guests panoramic views of the majestic San Jacinto Mountains and the city.
The hotel will feature 150-rooms and 13-suites, a signature spa, two pools, 8,000 square feet of elegant banquet space, two restaurants and a magnificent rooftop bar and lounge.
The ground-level retail space will include approximately 30,000 square feet of boutique retail & restaurant space along the world-famous pedestrian shopping corridor of Palm Canyon Drive in downtown Palm Springs.
For more information, please visit the Andaz Palm Springs webpage by clicking here.