240 homes will be built built on an empty lot on Monterey Road near Senter Road, 237 of which would be designated as "affordable" one-bedroom units. Amenities would include a clubhouse, laundry rooms on each level, bicycle storage, a basketball court, dog park, picnic area, and a BBQ area. The color scheme looks a lot more interesting than many affordable projects, which tend to just be beige or gray boxes.
$70.9 million of construction financing has been closed, funding a good chunk of the $119 million proposal.
Construction is expected to begin this year at 4300 Monterery Road and it will take about two years to complete the project.
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