Tristar Realty plans 97-room assisted living complex in Encino

The 5-story development would include a health club, parking for 460 vehicles

TRD LOS ANGELES /
Jun.June 11, 2018 08:00 AM
Project site with Daniel Keshani

TriStar Realty Group wants to build an assisted living complex and health club in Encino.

The Pacoima-based real estate firm is planning a five-story, 97-room facility, and a two-story health club.

The building, to rise at 17017 Ventura Boulevard, would span 82,100 square feet and include parking for 460 vehicles, according to a proposal filed with the Department of City Planning.

TriStar purchased the existing property in March 2016 for $4.6 million, property records show.

DKN Hotels is working on a hotel project nearby. It recently filed plans to build a 158-key hotel on the site of the Sheraton Hotel, built in the late 1950s.

The largely residential neighborhood in the San Fernando Valley has also seen some pricier home trades within the last year. In a record-breaking deal last fall, the Agency co-founder Mauricio Umansky and his “Real Housewives of Beverly Hills” wife Kyle Richards purchased the “Smokey Robinson Estate” for $8.25 million.


Related Articles

arrow_forward_ios
Ex-Clipper Chris Paul (Credit: Slaven Vlasic/Getty Images)

Ex-Clipper Chris Paul hustles back into LA luxury real estate

Ex-Clipper Chris Paul hustles back into LA luxury real estate
Clockwise from top left: 13224 Old Oak Lane, 4425 Haskell Avenue (center), 656 Lachman Lane, 375 N. Saltair Avenue and 1200 Club View Drive

The Weeknd’s Beverly West condo tops LA County resi sales

The Weeknd’s Beverly West condo tops LA County resi sales
Rendering of a proposed residential building on 16161 Ventura Boulevard with Daniel Keshani (Credit: LADCP)

Encino investors drop resi complex plan in favor of eldercare facility

Encino investors drop resi complex plan in favor of eldercare facility
Security footage of the attacker

Watch: Disturbing attack on realtor at Encino open house caught on camera

Watch: Disturbing attack on realtor at Encino open house caught on camera
Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Malibu spec mansion lists amid softening luxury market
Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion
CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

SoCal housing market shows signs of life, with a caveat: report
Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Fully affordable complex set to rise in vacant Long Beach lot
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...