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Monterey Converts Parking Lot Into Mixed-Use Development

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The Community Before

Located in historic downtown Monterey, Osio Plaza was a23798_Monterey.gif small parking lot owned by the agency since 1975.

Over a 10-year visioning process the community provided input and ultimately tremendous support for the transformation from an empty 15,000 sq ft lot to a 33,000 square foot multi-level mixed-use project. 

The Community Now 23799_Monterey1.gif

  • Incorporates housing with retail space at the hub of a thriving area surrounded by numerous commercial businesses and other mixed-use projects

  • Art and Foreign Film Theatre and Café attracts other activities downtown where movie goers may stay for dinner or shop at the local bookstore
  • 30 apartments created including 24 designated for moderate-income and 6 for low-income individuals and families
  • Ongoing revenue generated for the city through lease payments and increased retail business.

     

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