Colorado Commons, former for-lease townhomes in the heart of Old Town Monrovia, is resuming original plans to sell the community as condominiums. The 68 residences open for sale May 17, and are among very few opportunities to purchase high-end condominiums in the San Gabriel Valley. Polaris Pacific is managing the marketing and sales program for the community.
Colorado Commons is set within a two-acre setting with neighborhood gathering spaces throughout. Its courtyards and stone-paved paseos lead to Monrovia’s friendly, walkable downtown, with quaint restaurants, shopping, schools, a farmers’ market and concerts in the park.
“This is a rare opportunity for high-quality home ownership in the San Gabriel Valley,” said Michael Barker, CEO and Managing Director of Barker Pacific Group, the development group overseeing Colorado Commons. PCCP, LLC was the equity partner for the development of Colorado Commons. “Monrovia is an exceptionally desirable community nestled in the foothills of the San Gabriel Mountains. Colorado Commons is literally steps away from Monrovia’s classic Old Town. There are no other offerings in the region for condominium ownership hidden within one of the most charming small towns in California.”
Colorado Commons’ 68 residences (including six flexible live-work units) range from one-bedroom plus one- or two-bath flats to spacious three-bedroom plus 2.5-bath townhomes. Prices range in the mid-$300,000s to the mid-$700,000s. Although the homes were built in 2008 to high-end specifications, all residences will be stylishly upgraded. Homes include granite countertops, stainless-steel appliances, tile in bathrooms and washer/dryer laundry spaces in each home. Additions include hardwood floors in the living rooms, Berber carpeted stairs and many more upgrades.
Colorado Commons offers two parking spaces per home; however, many residents leave their cars in the garage most of the weekend, as the many attractions of Old Town are right at their doorsteps. Historic Myrtle Avenue is designed for walking, with dozens of charming, independent shops and restaurants, along with a 12-screen movie palace. The popular Friday street fair includes a certified farmers’ market with craft and food booths, kiddie rides, live music and more. Liberty Park is the quaint and quiet “town square” of the community, with new 28,000-square-foot Public Library, band shell, playground, fountain, shaded walkways. It is also the setting for classic community events such as Fourth of July fireworks celebrations.
Monrovia will also soon benefit from the arrival of the Metro Gold Line light rail, offering residents convenient transportation to Pasadena, Downtown Los Angeles, and elsewhere in Southern California.
The May 17 opening – including the unveiling of new models – is the first opportunity to purchase at Colorado Commons. Existing residents of Colorado Commons are offered right of first refusal for purchase as the homes are refurbished and released in phases. Interested homebuyers are encouraged to visit LiveColoradoCommons.com to join the interest list.
“Colorado Commons, with its courtyards, paseos and stylish townhomes, is part of what makes downtown Monrovia so attractive,” said Barker. “It’s a village-like community concealed within a beautiful small town. But it won’t remain a secret for long: We expect strong interest in this rare opportunity.”—Colorado Commons at Old Town