Long Delayed Housing Project Will Be Ready In The Fall
PASADENA - It's taken 15 years, four developers, one receivership and countless contentious neighborhood meetings, but the first 10 townhouses in one of the city's largest, most prestigious housing developments will go on the market this fall. "The Bungalows" in the newly named Ambassador Gardens, the first of 150 luxury townhouses and flats, have a price tag in the "low $1 million" range. And, as work continues on developing the former Worldwide Church of God's Ambassador College campus, demolition is under way on the distinctive "egg-crate" building that's been a familiar sight for decades from Orange Grove Boulevard,
It's a day some in the city thought might never come.
The new housing will also now extend down the hill along Green Street. They have bought the property that Sunrise was going to build the senior center on (Hall of Ad).
"The newest wrinkle is that they have now taken over the large parcels along Green Street that were going to be the senior living complex," Mossman said. "So they are designing more housing for that part of the project now that will be quite different from the senior housing project -- it will be regular town houses and condos ... and we have not seen the newest drawings yet for that part of the project."
Besley declined to say how much City Ventures paid for the new parcels. The company paid about $15 million in 2010 to acquire 10 acres of the Ambassador
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