The project will consist of 11 low-rise buildings with one- to three-bedroom units ranging in size from 759 sf to 1,214 sf. Leon Wolfe, president of Cornerstone Group Development LLC, a division of the Cornerstone Group, says Alhambra Cove will help in the revitalization of that area. "There is a tremendous need for a quality project in a great location," he says.

Rents will range from $552 to $754 per month. On-site amenities will include a community clubhouse with a swimming pool and a computer room, a park with a children's playground and a picnic gazebo and fountains at the entry. The apartments will feature washer and dryer hook-ups, dishwashers and private balconies.

Alliance Construction, a division of Cornerstone, is the general contractor for the effort, while Mouriz Salazar & Associates is the architect. Leasing is set to start on site in July and the project is expected to be delivered in October.