About Us

We take calculated risks that we are able to manage and control

Grit Development, opened the new Downtown Palm Springs experience in late 2017. Our development history dates back to 1980.  Today, Michael Braun and Octavio Fernandez serve as the key leaders managing the Palm Springs downtown projects and the company’s future endeavors. 

 

A Diversified Portfolio

Over 40 years, the founder built a well diversified Real Estate portfolio. He accumulated key land holdings in the Coachella Valley for future development. Today Grit Development’s real estate portfolio consists of shopping centers, hotels, and multi-family residential. 

Grit Development prides ourself as good risk managers. The ability to predict outcomes defines us. We believe in the power behind research and data to help define our beautiful community.

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"Any fool can make a fortune; It takes a man of brains to hold onto it after it is made."
Cornelius Vanderbilt

Recent Projects

2002 - Current

  1. Feb 2000
  2. Sep 2001
  3. Sep 2003
  4. Feb 2011
  5. May 2014
  6. Jun 2014
  7. Sep 2016
  8. Oct 2017
  9. Nov 2017
  10. Jun 2018
  11. Nov 2018
  12. Jan 2020

  1. Opening of Mercado Plaza

    Shopping Center

    The first mixed-use project built and opened in Downtown Palm Springs.

  2. JW Acquired Desert Fashion Plaza

    Land Purchase

    Purchased 14 acres / 350k SF of vacant Shopping Center in downtown Palm Springs

  3. Michael Braun joins Company

    New Executive

    Michael Braun joined the executive team at the company. He initially started as the companies CFO and now resides as the companies president, overseeing current and all future endeavors. 

  4. Demolition for Downtown Revitalization Project

    The Demolition of the old 350,000 SF Desert Fashion Plaza Downtown begins

  5. Breaking Ground for Downtown Revitalization Project

    The breaking ground of the new Downtown Revitalization Project

  6. Breaking Ground for Dakota Housing Development

    Breaking Ground Dakota Housing Project located just minutes from Downtown Palm Springs

  7. First National Retailer Opens Downtown

    West Elm was the first national retailer to open in September 2016 in Block A generating record sales.

  8. Retailers Open Downtown

    Opened Blocks B & C with the Starbucks Reserve store opening Oct 2017-2019 , followed by H&M, Johhny Was, Kiehls, Tommy Bahama, Sephora, and others - New Building all 100% Leased

  9. Kimpton Hotel Opens

    The Rowan Hotel by Kimpton Opens - First new construction hotel in 32 years in Palm Springs

  10. Breaking Ground St. Baristo

    Final Phase

    The final phase of St. Baristo broke ground

  11. Sold Out Dakota Housing Development

    The Dakota housing project completely sells out

  12. Revitalization of The Center

    Coming Soon

    2020-2025 New Residential and Revitalization of the The Center.


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