Work is wrapping up on Exchange, the first component of the $110 million Gateway project that is being developed by the City of El Monte, Grapevine Advisors and Jamboree Housing.

Exchange, which was designed by Santa Ana-based SVA Architects, consists of 132 affordable housing units, outdoor recreational amenities and a one-level underground parking garage.  Plans call for a mixture of one, two- and three-bedroom apartments reserved for households earning 30-55% of the area median income. 

The four-story building is the first component of a larger mixed-use development on a roughly six-acre site adjacent to the bustling El Monte Bus Station.  Later phases will create an additional 345 market rate housing units and 25,000 square feet of ground-floor retail and restaurant space.  The development will also include a public park, large public spaces and connections to existing bicycle and pedestrian infrastructure.

The project, which was funded in part by state grant money, is the result of decade-long efforts by El Monte to build a residential-retail development on approximately 14 acres of land adjacent to the bus station.  An earlier proposal for the property, which called for a more ambitious $1-billion complex, resulted in members of a former development partner being accused of misappropriating public funds.

Completion of Exchange is on pace for later this year, slightly behind its previously announced schedule.

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Affordable Housing Rises Next to Blue Line in Long Beach

The Beacon will feature 160 units next to Anaheim Station.

After nine years of construction, Century Housing is now four stories about ground at the Beacon, a new affordable housing complex in Downtown Long Beach. 

The project, located next to the Blue Line's Anaheim Station, will feature 160 residential units catering to seniors and veteran in two buildings known as Beacon Place and Beacon Pointe.  Plans also call for amenities such as a gym, a public plaza, supportive se