Case Study: the City of El Monte evaluates Gateway mixed-use feasibility with RCLCO

City of El Monte evaluates 208 apartments and 25,000 sq. ft. of retail with RCLCO

The City of El Monte partnered with a developer on The Paseo, a mixed-use transit-oriented development, and agreed to provide a financial backstop for the project. The city's challenge was to evaluate the feasibility and market assumptions for the 208 rental apartments and 25,000 square feet of retail space. They engaged the vendor RCLCO for its market and economic analysis services.

RCLCO was tasked with providing an objective evaluation of the project's revenue assumptions and absorption potential. Their solution involved analyzing local and regional economic trends, evaluating competitive housing and retail supply, establishing achievable pricing, and developing detailed demand and absorption projections for the City of El Monte.

City of El Monte