MONTCLAIR, CA-Developer GLJ Partners and equity investor Canyon-Johnson Urban Funds are holding the grand opening ceremony today, October 15, for the Paseos at Montclair North mixed-use complex. Ceremony attendees include Senator Norma Torres of the 32nd District and Montclair Mayor Paul Eaton. The ceremony will launch the complex's leasing efforts.

The 385-unit mixed-use complex sits on 15 acres and is part of the North Montclair Downtown Specific Plan, a transit-oriented district of mixed-use properties. Like many of the mixed-use communities springing up throughout the city, the complex features a wealth of outdoor community areas and lifestyle amenities, including fitness centers, two outdoor swimming pools, outdoor fireplaces, barbeque areas, a public park and a cyber café. 

The grand opening ceremony begins at noon with a ribbon-cutting ceremony followed by a tour of the apartment complex, which is located at 4914 Olive St. in Montclair.

The trend toward mixed-use properties has grown substantially. GlobeSt.com has reported recently about several mixed-use developments breaking ground throughout Los Angeles, including the Megatoys warehouse build downtown. Gen-Y or millennial renters are driving demand for mixed-use properties, and they have different lifestyles than renters of the past. At the recent USC Casden Multifamily Forecast, experts listed proximity to public transportation, walkable neighborhoods, outdoor space and onsite retail and restaurants as apartment complex characteristics that attract the Gen-Y renter.