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"Financially devastating": Receiver takes over embattled Pembroke Pines condo complexCity Council okays North Hills project with 364 apartments
Art Simonian's development will include 44 units for very low-income residents
The Los Angeles City Council voted unanimously Wednesday to approve a plan for 364 new apartments in North Hills.
The project, headed by developer Art Simonian, is slated to comprise four buildings at the intersection of Sepulveda Boulevard and Rayen Street in the San Fernando Valley, according to Curbed. It would replace a former plant nursery.
The buildings will be between 45 and 85 feet tall and include 44 units of housing for residents who make less than 50 percent of L.A.’s median income. It will also have a parking garage with 557 spots and 405 spots for bikes, as well as a dog run, a swimming pool and outdoor seating.
The City Planning Commission mandated that the developer include an air filtration system at the project, since the site is only a few blocks from the 405 Freeway.
Construction should start in roughly one year and go on for 18 to 20 months. [Curbed] – Eddie Small