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Morgan Group breaks ground on Southern California luxury units

A joint venture between Houston-based The Morgan Group Inc., Hartford, Conn.-based Cornerstone Real Estate Advisers Inc. and Pittsburgh-based Mellon Bank has begun construction of City Pointe Apartments, a 183-unit luxury apartment complex in downtown Fullerton, Calif. Completion of the complex, which also will feature 1,600 sq. ft. of retail space, is slated for spring 2004. The apartments are the first to be built in downtown Fullerton in more than a decade.

The complex will feature one- and two-bedroom units, ranging in size from 669 sq. ft. to 1,152 sq. ft. Amenities will include concierge services such as valet dry cleaning, theater and event bookings, and complimentary video rentals. A 413-space parking garage, which both residents and the public will be able to use, also will be built on the site.

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