The first steps toward replacing the old library site with the construction of 30 townhouses, 58 flats, and 8,600 square feet of retail space were taken on Monday. City officials joined representatives of City Ventures, a Santa Ana-based developer, to break ground on the "Main Street Collection."
The townhouses should be completed within months, according to Bill McReynolds, vice president of development at City Ventures. Sales will begin in March, with prices starting in the mid $400,000-range.
The flats and retail spaces have a longer time frame because construction will not begin until a subterranean lot has been built below them. Some will be “shopkeeper flats,” meaning owners can use the space for both business and residential purposes.
City Ventures has planned for 400 parking spaces, with two spaces allotted to each residence. The townhomes will each have a parking garage, while homeowners in the flats will park in the subterranean lot.
The project went under way after City Venture bought the old library for $4.55 million. (Read more about this development and others on Main Street here.) Citing Alhambra’s burgeoning “urban lifestyle,” McReynolds said that the living spaces should attract young couples, or families looking to downsize from a larger home. “It should appeal to someone who wants options for nightlife, but also wants that urban feel,” McReynolds said. “Alhambra offers that; it’s a vibrant city.”