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The Real Deal Los Angeles

Sandstone Properties plans 184-unit resi at Warner Center

The project is next to a massive mixed-use project in the works
By Dennis Lynch | April 26, 2018 01:00PM

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.