The site is zoned multifamily residential vacant
land and slated for construction of a 100 unit
garden apartment complex known as The
Monterey Villas, located at the intersection of San
Bernardino and Sierra Avenues within proximity
of the Kaiser-Permanente hospital & medical
complex. It consists of three separate parcels
combined to accommodate two 3-story buildings
and one 4-story building with elevator, grade
level covered garage and covered and uncovered
surface parking spaces, pool & spa, and a fitness
and community center. The original size of the
complex was 88-units, but with the entitlement
package that comes with the project number of
units was increased to 100 with the proviso that
12 of the units would be available at affordable
rental rates. The project comes with a complete
set of construction, structural, mechanical and
landscaping plans package. The entitlements
are still valid because construction has already
begun even though it is currently on hold. The
partially constructed project—the foundation of
the largest building is already in place. At the time
of stoppage of construction were in excess of
$1M, with some of the major expenditures, details
on the expenditures are provided upon request.