On a 2.3-acre parcel next to the El Monte Bus Station, concrete and rebar are now rising for a mixed-use development known as The Paseo at the Gateway

The project, which is being developed by Grapevine Advisors, will consist of a four-story building on a featuring 208 market-rate apartments and 25,000 square feet of ground-floor retail space.  Plans call for a mix of studio, one-, and two-bedroom apartments - each of which will come with a stainless steel appliance package and in-unit washer-dryer sets.

SVA Architects is designing the project, which will sit atop two levels of parking - one of which will be located underground - and feature a podium-level amenity deck.  Wide sidewalks will wrap around the low-rise structure, creating space for outdoor dining and seating.  The project will also connect to a nearby bike trail along the path of the Rio Hondo.

The Paseo is budgeted at approximately $99 million.

The project is the second phase of a 60-acre planned development to the north of the El Monte Bus Station, which rises on the former El Monte city yard.  Construction is already complete for a 132-unit affordable apartment building on an adjacent parcel.