Springfield Condominiums to Offer Monterey Park's First Green Luxury Living and Retail Concept

Springfield Condominiums to Offer Monterey Park's First Green Luxury Living and Retail Concept

May 22, 2007

    MONTEREY PARK, Calif., May 22 /Xinhua-PRNewswire/ --
First California Equity Group, LLC, recently announced
their plans to redevelop the property located at 220 North
Atlantic Boulevard, Monterey Park, the former site of the
Sunday Cafe restaurant.  The project was approved on May 8,
2007 by the City of Monterey Park Planning Committee.  The
$40 million, 54-unit mixed-use condominium and retail
complex will serve as a catalyst to revitalize the
underutilized North Atlantic Corridor by introducing
visually stunning architecture, a pedestrian-friendly
environment, and enhanced community and commerce to the
city.  The project will seek to become Monterey Park's
first environmentally sustainable site development by
adhering to Leadership in Energy and Environmental Design
building and operation standards.  LEED certification
requires that builders adhere to a whole-building approach
to sustainability through water savings, energy efficiency,
materials selection and attention to indoor environmental
quality.

    Thoughtfully designed with Monterey Park's residents in
mind, the project has been planned to encourage community. 
The site will incorporate a coffee shop and an upscale,
400-seat California fusion restaurant with space that may
be rented by the public for private functions such as
weddings, birthday parties, and corporate events. Nearly
20,000 square feet of landscaped, park-like open space will
be available for public gathering, art and music
performances.  This space will also incorporate tasteful
art and water-feature sculpture for the public's enjoyment.
 In order to minimize visual clutter and land waste, all
parking at the site will be underground.  Guests to the
complex will experience maximum convenience with
first-class valet parking service.

    "The Springfield project represents a new standard
of luxury living for both residents of Monterey Park and
future owners of the condominiums.  The project will exceed
the design standards set forth in the City of Monterey
Park's General Plan, which was created in 2001 to create a
vision for the downtown area.  In addition, it will provide
residents of Monterey Park with increased public space,
high-paying jobs in the project's management office,
restaurant and shops, and tax revenue from on-site
commerce.  We are proud of the leadership role we are
taking in creating the future of this great community and
grateful to the city's leaders for their counsel in the
creation of this project," states Jason Chung, Owner
and Developer, First California Equity Group, LLC. 

    The project is scheduled for completion in Summer 2009.



    For more information, please contact: 

    Robert Kim
    First California Equity Group, LLC
    Email: [e-mail]