LA’s Metro stations are attracting more residential projects

The latest is a 296-unit apartment planned near Monrovia Station

Mar.March 01, 2018 08:20 AM
Station Square South Apartments (Credit: Architects Orange)

Developers are targeting residential construction near Metro stations, hoping to take advantage of the city’s transit-oriented building incentives and an increased willingness among residents to forego the car entirely.

The latest is a 296-unit apartment complex, to be called Station Square South, planned for the area just south of the Gold Line’s Monrovia Station, Urbanize reported.

Richman Group is the developer, and Architects Orange is designing the building. It will rise on the corner of Magnolia Avenue and Duarte Road. It will have courtyards, a pool, dog park and walking path.

Nearby, construction is about to be completed on MODA, a 261-unit development by Legacy Partners.

The Richman Group is also working on a 127-unit project with a retail component near the Red Line’s North Hollywood Station.

Last year Greenland USA, part of Greenland Group, left a project for a different development near the North Hollywood station. Developer Trammell Crow is going forward with that project, will present plans by year’s end. The firms were selected by the Los Angeles County Metropolitan Transportation Authority in May. [Urbanize] — Hannah Madans

Related Articles

From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019

Relevant Group’s Richard Heyman and the project site (Credit: Google Maps)

Relevant Group plans 87-unit apartment complex in South LA

A rendering of the project

Developer files plans to build 87-unit apartment complex in Pico Union

A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse

Koreatown resi complex marks firm’s entry into Opportunity Zones

A rendering of the property, Cityview CEO Sean Burton and Virtu Investments principals Michael Green and Scott McWhorter (Credit: LCP 360) 

Virtu pays $71M for Warner Center complex in Opportunity Zone

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

420 West 9th Street, San Pedro (Credit: Google Maps and iStock)

San Pedro’s apartment project pipeline is filling up

David Nagel

Decron Properties, in multifamily expansion mode, pushes into Warner Center