Trammell Crow Residential is planning a 436-unit apartment development in Monrovia, keeping up its busy pace of large-scale construction plans in Los Angeles.
The Dallas-based firm wants to build the project on a 6.77-acre parcel at 1625 South Magnolia Avenue, according to Urbanize. The apartment building would be five stories, including swimming pools, courtyards, roof decks, and a gym. Some of the ground-floor units would be live/work units.
There would also be an eight-level parking garage on site, with 797 parking spaces. Architects Orange is designing the development. The new project would be under Trammell Crow’s Alexan brand, which it’s also used in Downtown Los Angeles and around the country. The company says the brand provides “unique, upscale apartment communities at competitive rates,” according to its website.
The development site now has low-rise industrial and office space, including a furniture wholesaler and a commercial truck dealership. Property records show the parcels that make up the assemblage are owned by a handful of local entities unrelated to Trammell Crow.
A timeline for the project wasn’t released, but Monrovia city officials first will conduct an environmental review before considering approving the project, according to Urbanize.
In Pasadena, Trammell Crow finally received approvals to build the 550-unit mixed-use “Space Bank” development that was 12 years in the making.
Earlier this month, the company and L.A. County broke ground on a $453 million office complex for the county in Koreatown. That project includes a 21-story office tower and 10-story parking garage. [Urbanize] — Dennis Lynch