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MULTIFAMILY NEWS
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MODA at Monrovia Station Project to Add 261 Res Units Adjacent to New Metro Gold Line Station

4/26/16

A venture of Legacy Partners, Griffin Capital and Silverpeak Real Estate Partners has inked a ground lease on a 2.81-acre parcel in Monrovia, adjacent to the recently opened Monrovia Station. The partnership plans to use the site for the development of MODA at Monrovia Station, a mixed-use project less than one mile from Old Town Monrovia that is slated to include 261 apartment res units.

“We see a great opportunity to participate in the transit-oriented renaissance taking place in Monrovia,” said Timothy J. O’Brien, Senior Managing Director of Legacy Partners. “With the new Gold Line station opened in March, and the heart of the community located a short walk away in Old Town Monrovia, we envision residents enjoying easy access to both the local hometown community here in Monrovia, as well as the benefits of nearby transportation to the greater Los Angeles area.”

With an expected completion of early 2018, MODA at Monrovia Station will provide residents state-of-the-art appliances and finishes, as well as a clubhouse, fitness center and game room. Residents will enjoy several outdoor living spaces: two landscaped courtyards, kitchens, barbeque areas, fire pits and a 4k f rooftop terrace.

The city of Monrovia is planning a transit-oriented district in the area surrounding Monrovia Station, an extension of Los Angeles County light rail metro system.






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