(949) 789-4555
Station Square- Monrovia
STATION SQUARE
City of Monrovia
THE OPPORTUNITY
Located within the Station Square Transit Village and adjacent to the Metro Gold Line, the fully-entitled site was designed by Architects Orange to be a transit-oriented, multifamily development with 296 units including six live/work units on 3.8 acres (78 DU/acre). Station Square will be a highly-amenitized community with multiple courtyards, a resort-style pool, a resident lounge, a fitness center, bike barn and dog run. Embracing the transit-oriented nature of its location, the community also includes an onsite Gold Line drop-off plaza, a paseo to the Monrovia station and open space along Magnolia Avenue. Buyer will complete final engineering and architectural drawings with the goal to break ground by the end of 2022. Station Square will provide much needed housing in the supply-constrained San Gabriel Valley submarket.
HIGHLIGHTS
- WD Land represented the buyer and sourced this transaction off-market.
- SELLER: Burke Investments
- BUYER: JPI Companies
- PRICE: Undisclosed
- TERMS: All cash. Seller reinvested a portion of the land sale proceeds into the new development.
EXCLUSIVELY LISTED BY:
Sal Provenza