SPECIAL REPORT- REAL ESTATE QUARTERLY: Gold Line Mine? – Los Angeles Business Journal

Image courtesy of LA Business Journal.

This article appears in the April 16-22, 2012 edition of the Los Angeles Business Journal.

By Jacquelyn Ryan Monday, April 16, 2012

At Myrtle Avenue and Duarte Road in Monrovia, there’s a defunct train station with busted windows and holes in the walls. Just to the south is a recycling center and carwash. And it’s not much better to the north, the site of a vacant lot surrounded by a chain-link fence.

Decrepit, yes. But what Blaine Fetter sees is something entirely different: a neighborhood of 500 residences of young professionals and families, and a gleaming 125,000-square-foot office building filled with bustling workers.

That’s the transformation he expects from his Station Square development as the Metro Gold Line is extended from Pasadena to Azusa, with a stop along the way in Monrovia.

Read the complete story in today’s Los Angeles Business Journal. You can also read a text only version on the Construction Authority website: http://bit.ly/HN5LKm

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