New Mixed-Use Apartment Community Opens in Historic Old Town in Monrovia
- Apr 06, 2010
Irvine, Calif.–Paragon at Old Town, the first new apartment community built in Monrovia in decades, is a mixed-use, urban apartment community on 700 S. Myrtle Avenue, between Olive and Walnut Avenues. The development, which is now open and leasing, features 163 luxurious one- and two-bedroom apartments built over 6,000 square feet of commercial space situated on the ground floor.
The units range in size from 744 square feet to 1,247 square feet and rent from $1,595 to approximately $2,600 per month.
Designed by KTGY Group Inc., Architecture and Planning, and developed by Urban Housing Group, Paragon at Old Town provides amenity-rich living within walking-distance to services, transportation, boutique shops, cafes, restaurants and entertainment. In fact, Walk Score awarded Paragon at Old Town a score of 95 out of 100 which qualifies as a ‘walker’s paradise’ in its rating of the U.S.’s Most Walkable Neighborhoods.
“Paragon at Old Town is a perfect example of the type of projects that cities and experienced developers are focused on in this current economic climate: core, urban locations that offer close proximity to jobs, amenities, transportation and established infrastructure where people can live, work, play and shop,” says Daniel R. McAllister, NCARB, principal, director of Architecture at KTGY.
Monrovia’s Mayor Mary Ann Lutz agrees. “Paragon at Old Town represents the quintessential public-private partnership,” she says. “The City called out the need for quality residential development in 2002 as part of its Vision 2010 planning process, and now that vision is a reality.”
Located in the heart of the San Gabriel Valley about five miles east of Pasadena, Paragon at Old Town offers easy access to 210, 605, 134 and 110 freeways, hiking in nearby Monrovia Canyon Park, golfing at Santa Anita Golf Course, and only minutes to Westfield Santa Anita Shopping Mall.
Amenities include a billiard room and 24/7 fitness studio, large resort-style courtyard with heated elliptical swimming pool and spa featuring poolside cabanas, an outdoor fireplace and barbecue area with two grills, a bar space and dining tables. Other community amenities include free Wi-Fi access in community common areas, four secluded courtyards with outdoor seating, concierge and laundry services, a gated parking garage with controlled entry system, and convenient direct access to living level from parking garage and elevators.
Managing Director of Urban Housing Group Dan Deibel says, “Paragon at Old Town provides an excellent new housing opportunity in an outstanding community.” He adds, “Leasing is going great and through a short-term pre-leasing effort, we have leased 21 units, of which 18 are scheduled for April move-ins.”