Trammell Crow Opens Los Angeles-Area Community
The latest Alexan-branded property by TCR includes 436 units and a raft of amenities.
Leasing has kicked off at the 436-unit Alexan Marmont, a Trammell Crow Residential multifamily development in Monrovia, Calif. TCR is both the developer and general contractor for the property.
The first phase of Alexan Marmont was completed in June. The community is located at 1625 S. Magnolia Ave. and offers studio and one-, two-, and three-bedroom floor plans, ranging from 491 square feet to 1,545 square feet. Monrovia is situated in the San Gabriel Valley in southeastern Los Angeles County. The property is near the 210 freeway and the Metro Gold Line light rail, which connects to downtown Los Angeles about 20 miles away.
Common amenities include two rooftop lounges, two pools and spas, a sports bar-inspired lounge, a fitness studio, a yoga room with on-demand classes. There is coworking space, as well as two private conference rooms, several courtyards, a secure parking garage and an onsite dog park. A space called The Lodge, for tenant use, features a kitchen, bar seating and an eight-person dining table.
Units feature nine-foot ceilings, kitchens with stainless steel appliances and quartz countertops, as well as full-size washers and dryers and keyless electronic entry. Rents range from $2,390 to $5,100, according to TCR.
Alexan communities
Alexan is a brand name for a line of TCR apartments. Other Alexan properties are located in Arizona, California, Texas and elsewhere.
In March, the company broke ground on Alexan Chelmsford, which will redevelop the former UMass Lowell West Campus in Chelmsford, Massachusetts into a 32-acre residential community. The 340-unit property in greater Boston will be completed in Q4 2025.
TCR is the multifamily development platform of Crow Holdings, a diversified developer that has built more than 285,000 multifamily residences. Crow currently has about $33 billion of assets under management.
Despite an uptick in new multifamily deliveries in the San Gabriel Valley over the last few years, higher interest rates and construction costs have cooled the pace of new development in the area.
