Barker Pacific Group (BPG), a Los Angeles-based real estate developer, is nearing completion on the condominium conversion of a multi-family residential complex in Old Town Monrovia.
The project, known as Colorado Commons, consists of 68 one-, two- and three-bedroom townhomes and four commercial stalls at 517 Falling Leaf Alley. Units are priced starting in the low $400,000s and range from 690 square feet to 2,140 square feet in floor area. All dwellings come appointed with high-quality finishes, energy efficient appliances and dedicated underground parking spaces.
The townhomes, designed by TCA Architects, each rise three stories and feature a private entrance at street level. A series of paseos cut north and south through the property, creating open space and easier pedestrian access for residents and guests.
Located near the commercial heart of Old Town Monrovia, Colorado Commons sits within walking distance of numerous shops and restaurants on Myrtle Avenue. Additionally, the project offers close proximity to recreational amenities in the San Gabriel Mountains and major employers such as Trader Joe's.
Within one year's time, Colorado Commons will add yet another amenity to that list: access to Metro Rail. The residential complex is located approximately one mile north of Monrovia's future Gold Line Station on Duarte Road.
The project was originally developed by BPG as condominiums in 2008, but were initially marketed as rentals due to a weak for-sale housing market. With real estate prices now rebounding, BPG began moving ahead with plans to sell the residences last year.
For more information on Colorado Commons, please visit the project's official website.
- Live Colorado Commons (Official Website)