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.

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Mixed-Use Development Calls for 129 Apartments Near USC

Property on Jefferson Boulevard could be redeveloped with a five-story building.

Prime Place, a builder and owner of student housing in Kansas, is expanding its footprint to Los Angeles.

Through an entity known as Elsey Partners, LLC, Prime Place has submitted an application to the Department of City Planning to construct a new apartment building at 1314-1338 W.