Sandstone Properties plans 184-unit resi at Warner Center

The project is next to a massive mixed-use project in the works

TRD LOS ANGELES /
Apr.April 26, 2018 01:00 PM
The existing office building at 21515 Vanowen Street

Development continues to heat up in the Warner Center area.

Plans were disclosed to build a 184-unit multifamily apartment building, replacing what is now a 36,800-square-foot office building at 21515 Vanowen Street. The existing building would be razed to make room for the 185,000-square-foot apartment building.

The owner is an LLC tied to Westwood-based Sandstone Properties, which purchased the property in 2016 for $10 million. It filed plans for the demolition Wednesday.

Separately, Sandstone acquired a 126,000-square-foot office property around the corner on Canoga Avenue in February, although it hasn’t disclosed plans for that spot. Sandstone could not be reached for comment.

The project on Vanowen Street would be steps from the Westfield Topanga and Village mall and near Westfield’s massive mixed-use project at the former site of the Promenade mall. That “live, work, play” project includes over 1,400 residential units and two hotels.

It’s also directly across Vanowen Street from a 47-acre redevelopment site that Canadian developer Triple Five Group Ltd. is reportedly in talks to buy.


Related Articles

arrow_forward_ios
From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

A rendering of the property, Cityview CEO Sean Burton and Virtu Investments principals Michael Green and Scott McWhorter (Credit: LCP 360) 

Virtu pays $71M for Warner Center complex in Opportunity Zone

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

arrow_forward_ios
Loading...