With a very strong location, Monarch Terrace had good upside potential, but the building’s infrastructure needed updating. Its appearance was dated, and unit interiors were subpar vs. the competition. A plan was devised to dramatically change the property’s presentation.
The renovation accomplished the mission of updating both the property’s systems and its appearance. Building exteriors, landscaping, amenity areas and unit interiors were vastly improved.
Monarch Terrace was sold in 2016.