In September, developer AvalonBay Communities received approvals to construct a residential-retail complex adjacent to Old Town Monrovia.

The proposed development, called Avalon Monrovia, would rise from a 2.1-acre, L-shaped property at the intersection of South Myrtle and West Walnut Avenues.  Plans call for the construction of a five-story building featuring 154 one-, two-, and three-bedroom units above 3,500 square feet of ground-floor retail space.  The project would also include a six-story parking structure capable of accommodating up to 286 vehicles.

Newport Beach-based Bassenian Lagoni Architects is designing the mixed-use development, which would incorporate common amenities including a clubhouse, a fitness area, and two courtyards.

Construction of Avalon Monrovia is expected to occur over 19 months starting in July 2019 and concluding in February 2021.

The project site is located a half-mile north of the Gold Line's Monrovia Station, where Richman Group is planning a similar project called Station Square South.

AvalonBay, which is headquartered out of Virginia, is currently in the midst of construction of a 695-unit apartment complex in Hollywood, and intends to break ground next year on a 475-unit development in the Arts District.