Talus La Quinta: New Ownership, New Plans and a Path Toward Construction
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. After years of delays, financing challenges and ultimately bankruptcy, the project is now under new ownership — with new plans and a timeline for construction.
TBE RE Acquisition Co. II LLC, a subsidiary of Turnbridge Equities, acquired approximately 134 acres of the Talus/SilverRock site for $65 million following a court-supervised bankruptcy auction in October 2025. The bankruptcy court approved the sale, and escrow closed in December 2025.
Since taking ownership, Turnbridge has moved quickly from acquisition into evaluation, design and development planning.
June 2026: Talus Moves Closer to Construction
At the June 2, 2026 La Quinta City Council meeting, Turnbridge provided one of the clearest pictures yet of what is happening behind the scenes at Talus.
One of the first questions involved the partially constructed buildings already standing on the property: Could any of them be saved?
Turnbridge brought engineers and specialists to the site in January to inspect and test the existing structures. In addition to visual inspections, the team took core samples and sent them to a laboratory for testing.
The results were encouraging.
According to Michael Gazzano, Managing Director for Turnbridge Equities overseeing the West Coast, testing found significant structural integrity in each of the buildings, suggesting that portions of the existing construction may be preserved and incorporated into the new development.
Turnbridge plans to install protective measures, including tarping, to preserve the structures while planning continues. The company has also applied a dust suppressant across the site that is expected to remain effective for approximately 12 to 18 months.
Meanwhile, work is progressing well beyond the existing structures.
Turnbridge continues to expand its development team, bringing in specialists for the resort’s spa, pools, lighting and other design elements. The company is also working with the Imperial Irrigation District to make sure the completed hotel, residences and amenities have the necessary electrical infrastructure.
When Will We See the New Talus?
That’s probably the question many of us are asking.
Turnbridge expects to unveil new project renderings by the end of 2026, when it presents its site development permit applications to the La Quinta Planning Commission and City Council.
Even more significant, the company says construction remains on track to begin by summer 2027.
After years when Talus seemed perpetually stalled, that’s an important change. The conversation is no longer centered primarily on missed deadlines, financing problems and litigation. It’s increasingly about engineering, design, infrastructure, permits and construction.
For now, the project continues to be referred to as SilverRock/Talus, but Turnbridge has not announced what the development will ultimately be called. With new designs and project renderings expected later in 2026, a new name may be part of the next chapter as Turnbridge puts its own identity on the long-awaited resort.
The new name may be revealed when Turnbridge unveils the redesigned project and renderings later this year.
What Is Planned for Talus La Quinta?
The project moving forward is smaller than the original SilverRock/Talus vision, but it remains a substantial luxury resort and residential development.
Under the amended development agreement approved by the La Quinta City Council in September 2025, plans include:
- One luxury hotel with approximately 154 guest rooms
- 55,000 square feet of banquet and shared-use facilities
- 445 residences, including 29 branded residences north of the hotel with a private clubhouse, 70 condominiums and 293 homes east of the hotel
- 40,000 square feet of commercial space
- A new public golf clubhouse, relocated closer to the Avenue 52 entrance for easier public access
- A 20,000-square-foot community building
- Additional public amenities
The residential component also includes homes eligible for short-term vacation rentals, which would generate Transient Occupancy Tax revenue for the City.
The economic impact could be substantial as well. Current projections estimate the development will create approximately 2,500 to 3,000 construction jobs and about 445 full-time equivalent permanent jobs once completed.
Another Major Hurdle: The Bankruptcy Case
The June update also brought important news on the legal side.
On May 21, 2026, the bankruptcy court approved an amendment to the Global Settlement agreement among the debtors, the City and key creditors. Among other provisions, the agreement releases the City of La Quinta and Turnbridge from further responsibility related to the bankruptcy matter.
The court also dismissed Builders Capital’s pending appeal challenging the bankruptcy judge’s approval of the sale to Turnbridge.
Together, those developments remove another layer of uncertainty that had surrounded the property.
How Did Talus Get Here?
The story of Talus stretches back years.
The original vision called for a major luxury resort destination with dual-branded hotels, residences, golf, spa and extensive amenities. Under the former developer, SilverRock Development Company, the project originally targeted a 2019 opening.
That didn’t happen.
Construction and financing encountered significant problems, and COVID added another major disruption. Over the following years, the developer repeatedly missed milestones as the project struggled to regain momentum.
By 2024, the situation had reached a critical point.
In May 2024, the City entered into a Memorandum of Understanding (MOU) with the former developer and other parties. The agreement established deadlines to recapitalize the project and cure defaults in an effort to keep development moving.
As financing and lien disputes escalated during mid-2024, the La Quinta City Council moved to declare default and protect the City’s interests.
The developer ultimately filed for Chapter 11 bankruptcy in 2024, setting the stage for the sale of the property.
Turnbridge Equities Steps In
The bankruptcy process ultimately created an opportunity for a new developer to take control.
In September 2025, the La Quinta City Council conditionally approved a reinstated and amended development agreement with an affiliate of Turnbridge Equities, positioning the company to assume development of Phase 1 once the bankruptcy court authorized the sale.
A court-supervised auction followed in October.
TBE RE Acquisition Co. II LLC emerged as the successful bidder for approximately 134 acres of the project. The bankruptcy court approved the $65 million sale, and the transaction closed in December 2025.
That effectively began a new chapter for Talus.
Who Is Turnbridge Equities?
Turnbridge Equities is a privately held real estate investment and development firm headquartered in New York, with offices in Bethesda, Maryland; Newport Beach, California; and Austin, Texas.
Founders Andrew Joblon and Ryan Nelson oversee the firm’s acquisitions and operations.
Since its founding in 2015, Turnbridge has built a portfolio valued in the billions across industrial, residential, mixed-use, office and retail properties. The firm pursues both income-producing assets and development opportunities, including properties requiring significant repositioning or entitlement work.
Notable projects have included Music Lane in Austin, a mixed-use commercial and retail redevelopment; the Bronx Logistics Center in New York, a multi-story last-mile logistics facility; and an industrial outdoor storage portfolio focused on high-demand infill locations in California and New York.
That experience with complicated redevelopment and repositioning projects may prove particularly relevant at Talus, where Turnbridge inherited not simply vacant land, but years of partially completed construction, infrastructure, existing agreements and legal complications.
My Take
Talus has always had the makings of something special. Its location, golf setting and proximity to some of La Quinta’s most desirable communities give the property tremendous potential.
What feels different now is not simply that Talus has another developer with another vision.
The project appears to be moving from recovery to execution.
Engineers are evaluating what can be preserved. Designers and specialty consultants are working on the new resort. Infrastructure planning is underway. Major bankruptcy issues have moved toward resolution. New renderings are expected by the end of 2026, and Turnbridge is targeting summer 2027 to begin construction.
There is still a long road between development plans and a completed resort, and Talus has certainly taught us not to get too far ahead of the bulldozers.
But for the Coachella Valley, renewed investment in this prominent La Quinta property — and a project designed to complement the Valley’s premium resort and residential market — could be a significant win.
We’ll be watching closely as Turnbridge reveals its plans and Talus begins its next chapter.
As Talus moves from planning toward construction and, ultimately, completion, we expect it to bring renewed attention to real estate in and around this part of La Quinta.
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