Planning gives thumbs up to 146-unit mixed-use project in Northridge

Developer is Sherman Oaks landlord LB Property Management

TRD LOS ANGELES /
Jun.June 06, 2017 01:30 PM
Project at 18401 Nordhoff Street and LBPM president Robert Lopata

Sherman Oaks-based landlord LB Property Management cleared an initial hurdle for its 146-unit mixed-use project in Northridge Monday, after the planning department approved its proposed zone change and height change.

The development at 18401 Nordhoff Street calls for a five-story structure with 2,000 square feet of ground floor commercial space, Curbed first reported without identifying the developer.

The site spans 1.3 acres and houses two structures: a small medical office building and a single-family home, both of which would be razed for the project.

Of the 146 units, 17 would be set aside for low income households. LBPM, under the entity Nordhoff Darby, LLC, acquired the parcels for $4.25 million between 2015 and 2016, property records show.

The project will now go to the planning commission.

Meanwhile in Northridge, Harridge Development Group is planning a 79-unit, two-structure project at the former Cadillac dealership on the block bound by Canby Avenue, Chase Street and Reseda Boulevard. — Cathaleen Chen


Related Articles

arrow_forward_ios
From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M

arrow_forward_ios