Talus La Quinta (formerly part of the SilverRock luxury resort and mixed-use development) has been one of the most talked-about high-end projects in the Coachella Valley — envisioned as a resort with dual-branded hotels, residences, golf, spa, and amenities.
In a court-supervised auction conducted in October 2025, through the bankruptcy process, most of the Talus/SilverRock project land and assets were sold. The sale closed in December 2025 to an entity affiliated with Turnbridge Equities for approximately $65 million.
The projected opening date under the original developer, SilverRock Development Company, was projected for 2019, but as COVID hit, both construction and financing came to an abrupt halt. For years, the project struggled with delays, as the developer repeatedly missed milestones and ultimately filed for Chapter 11 bankruptcy in 2024.
The La Quinta City Council was heavily involved during the pre-bankruptcy period and transition phase:
- May 2024 – A Memorandum of Understanding (MOU) was entered into with the prior developer and others, setting specific deadlines to recapitalize and cure defaults — an effort to keep work moving before bankruptcy.
- Mid-2024, the Council moved to declare default and protect city interests as finance and lien disputes escalated, with related public legal filings.
- September 2025, the La Quinta Council held a special public hearing to conditionally approve a reinstated and amended development agreement with an affiliate of Turnbridge Equities, positioning the firm to take over Phase 1 of the project once bankruptcy court authorization was finalized.
Phase 1 will focus on a downsized project with a single luxury hotel planned with 154 rooms, a large banquet/shared-use facility, and 445 homes (including branded residences and condos), commercial space, and a relocated public golf clubhouse.
City Council approvals were contingent on court approval of the Turnbridge sale and development transfer. With that milestone complete, the City’s previously amended development agreement and project covenants (approved by Council in late 2025) now govern the project.
At the January 20, 2026 City Council meeting, Talus/SilverRock was discussed by City Attorney Bill Ihrke and City Manager Jon McMillen.
Representatives from Turnbridge Equities have been on-site with engineers and consultants evaluating the existing conditions of partially built structures and infrastructure.
Turnbridge said they plan to provide a formal project update at the Council’s February 3, 2026 meeting outlining next steps on design, entitlements, and moving forward with construction planning.
Turnbridge Equities is a privately held, real estate investment and development firm headquartered in New York, with offices in Bethesda, MD, Newport Beach, CA, and Austin, TX. Founders, Andrew Joblon and Ryan Nelson, together manage and oversee acquisitions and operations.
Turnbridge has built a portfolio valued in the billions since its founding in 2015, spanning industrial, residential, mixed-use, office, and retail assets. The firm pursues both income-producing assets and development plays, often acquiring properties in need of repositioning or entitlement work.
Some of their notable projects have included Music Lane in Austin, TX – a mixed use commercial and retail redevelopment. Bronx Logistics Center in Bronx, NY a last-mile hub facility with multi story warehouse. Industrial outdoor storage portfolio targeting infill in high-demand metro locations in CA and NY.
My take:
Talus has always had the making of something special. It will be interesting to watch this next chapter unfold and see how it ultimately enhances the lifestyle mix that makes this part of the desert so appealing.
With Turnbridge Equities stepping in, Talus finally has the kind of institutional ownership that can move a complex project from vision to reality.
For the Coachella Valley, new investment, new energy, and a project that complements the valley’s premium positioning is a win – win for everyone. We’ll be watching closely as Turnbridge rolls out their plans and timelines.
As plans move forward from concept to construction and completion – now is the time to start thinking about properties in and around the project. Check out these great opportunities
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