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Just one month after acquiring the project, a joint venture between Legacy Partners, Griffin Capital and Silverpeak Real Estate Partners has announced the start of construction for MODA, a multifamily residential complex near the Gold Line's Monrovia Station.

The five-story development, designed by Architects Orange, will feature 261 residential units, in addition to communal amenities such as a clubhouse, two landscaped courtyards, a roof terrace and a fitness center.

MODA is among the first projects in a new transit-oriented district surrounding the Gold Line station, which connects passengers to Pasadena and Downtown Los Angeles.

Completion is expected by early 2018.

176 Affordable Housing Units Open in Wilmington

The new housing has already received 3,000 applications.
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Nonprofit developers Abode Communities and Mercy Housing California have completed construction of Camino del Mar and Vista del Mar, two projects feature 176 affordable homes near the L.A. Waterfront in Wilmington.