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The Real Deal Los Angeles

Adler Realty plans massive nine-building compound near Warner Center

Mixed-use community would total 2.6 million sf
April 28, 2017 01:30PM

Site of the development and Adler CEO Michael Adler

For Adler Realty Investments, it’s go big or go home.

The Woodland Hills-based real estate firm filed plans for an eight-phase development with more than 2.6 million square feet of space,  right in its home turf.

Plans for the 24-acre site along Burbank Boulevard and De Soto Avenue call for the construction of nine buildings, with 1,000 residential units, 222 hotel rooms, and 1.4 million square feet of office, retail, and restaurant space, Urbanize reported.

The residential units would include apartments, condos, and live/work space.

Adler acquired the property, dubbed Warner Center Business Park, for about $80 million in 2013, according to the Los Angeles Times. The site is currently occupied by 13 buildings totaling 410,855 Square Feet, according to Adler’s website. They would all be razed for the new development, planning documents show.

The firm, led by Michael Adler, also owns properties and developments in Indiana, Missouri, Arizona, Texas, and Florida. [Urbanize]Cathaleen Chen