Development agreement
Monterey Park, CA
4/ 5
High impact
Bedrock impact score
Action type
Development agreement
Asset class
Multi-asset · site-wide
Status
On municipal record
Filed
2026-08-05
Jurisdiction
Monterey Park, CA
Days on record
24 days
01Investment highlights
Why this deal matters
- Development agreement in Monterey Park, CA
- Bedrock impact score 4 of 5 — High impact
- An amended development agreement paired with a freshly approved tentative map signals a project that has cleared two major entitlement hurdles simultaneously
- Watch for final map recordation and construction financing as near-term triggers.
- On the municipal record 24 days (filed 2026-08-05)
02Deal summary
The rationale
An amended development agreement paired with a freshly approved tentative map signals a project that has cleared two major entitlement hurdles simultaneously — watch for final map recordation and construction financing as near-term triggers.
Monterey Park City Council introduced an ordinance approving Amended Development Agreement No. 2261-AA (DA-26-01) and adopted a resolution approving Tentative Map No. 26-05 (County Map No. 82800) following a public hearing.
03Deal facts
The filing record
- Jurisdiction
- Monterey Park, CA
- Action type
- Development agreement
- Asset class
- Multi-asset · site-wide
- File number
- #26-05
- Status
- On municipal record
- Filed
- 2026-08-05
- Days on record
- 24 days
05Record timeline
Filing to current status
- Filed with jurisdiction2026-08-0524 days on record
- Scored by BedrockRelevance 4 / 5Automated land-use signal
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