Montage Development is planning a 150-unit apartment complex in Canoga Park, city planning documents show.
The Calabasas-based firm is under contract to buy the property at the corner of Vanowen Street at 6819 Canoga Avenue, a company employee told The Real Deal. The site spans more than one acre and houses a 11,000-square-foot restaurant building — the now-shuttered Sierra’s Restaurants.
Pursuant to the Warner Center plan, the project would total 149,644 square feet and include over 8,000 square feet of retail space, according to planning documents. It would contain five stories of apartments above one story of parking and a retail component with basement parking.
The property is currently owned by the Jaramillo family, according to property records. The Jaramillos founded Sierra’s and a few other Mexican restaurants in Southern California. They also founded and eventually sold Mission-brand tortillas, which can be found in grocery stores around the country.
Montage specializes in both single-family and multifamily development, the employee told The Real Deal. The company developed Welby Village for instance, the nine-house cul-de-sac in Tarzana and the 20-unit Aquaduct Village in Granada Hills.
About half a mile southeast, Evolution Strategic Partners proposed a 271-unit apartment building at the site of a former aircraft component warehouse on Variel Avenue, TRD reported earlier this month. Meanwhile, Westfield recently announced pricey plans to renovate the Promenade mall.