The new complex is on a 5.12-acre site just north of the 134 Freeway at 1137 N. Central Ave. It consists of townhome-style apartments of one, two and three units, built over a two-level, underground garage.
Lawrence A. Scott, VP in charge of development for AvalonBay in the Southland, notes that it is the newest luxury rental townhome community in the tri-city region (Burbank, Glendale and Pasadena).
Designed by the Pasadena architects Togawa & Smith, the new development is Mediterranean in style with paseos and open common areas in what Tim Smith, principal of Togawa & Smith, describes as "a completely automobile-free environment." The development features an upscale recreation-community center, a resort-style pool and spa, a fitness center and other amenities.
The apartments range in size from one-bedroom, one-bath flats at 737 sf to three-bedroom, three-bath townhomes of 1,512 sf. All of the units include gourmet kitchens, crown molding, gas fireplaces, full-size washers and dryers, oval soaking bath tubs in master suites, upgraded floor coverings and European cabinets. The rents range from $1,700 to $2,900.
Although this is the REIT's first ground-up construction in Southern California, AvalonBay Communities has purchased 17 existing apartment complexes here and manages more than 5,000 apartments in Los Angeles, Orange and San Diego counties. Nationally, AvalonBay designs, builds and manages apartments ranging from garden style suburban to 32-story high-rise developments. The company, which maintains its Southern California office in Newport Beach, specializes in apartment properties as a developer, redeveloper, owner and manager, focusing on markets with high barriers to entry.
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