Monterey Converts Parking Lot Into Mixed-Use Development
The Community Before
Located in historic downtown Monterey, Osio Plaza was a 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
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.