At 154 resi units, Winnetka apartment project is scaled back

An environmental review reveals details for the 162K sf development

Los Angeles /
Sep.September 10, 2018 09:00 AM
7111 Winnetka Ave (Credit: LegendsOfLosAngeles via DeviantArt)

A new apartment project in Winnetka has been scaled back to include a modest reduction in residential units, but a far bigger cut to the number of vehicle spaces.

The new building will rise four stories at 7111 North Winnetka Avenue, according city documents first reported by Urbanize. The developer is Calabasas-based George Shakiban, who purchased the site in 2015 for $1.2 million. A one-story medical office building will be demolished under the plan.

The new construction will be a total of 162,600 square feet. There will be 200 parking spaces.

The first version of the plan included 160 apartment units and 283 total parking spaces. The project will require a change in zoning from commercial to residential with the option for ground floor commercial. Still, the plan could lose its commercial component entirely, meaning the developer wouldn’t be able to add ground floor retail.

The Winnetka local Council has tried to limit development in the area, according to Urbanize. It recently asked the L.A. City Council to cap building heights at three stories and require two parking spaces per bedroom. That would restrict residential projects to mostly garden-style developments.

Winnetka is east of Canoga Park and Warner Center. The latter is seeing a flurry of development and investment because of the opportunities created by the City Council’s Warner Center 2035 Plan, which promotes dense mixed-use development in the neighborhood.

This year has been particularly busy in Warner Center. Lasalle Investment Management planted a stake in the neighborhood in August with a $157 million purchase of the 362-unit Triana apartment complex. Hanover is planning a 394-unit development nearby. Triple Five Group, the owner and operator of the Mall of America, is in talks to buy a 47-acre site approved for up to 6 million square feet of mixed-use development.  [Urbanize] – Dennis Lynch 


Related Articles

arrow_forward_ios
Downtown Burbank's Transit Oriented Development Specific Plan (Photo via Downtown Burbank TOD/City of Burbank)
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital)
East End Capital to convert cold storage into movie studio
East End Capital to convert cold storage into movie studio
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
J.H. Snyder partner Lon Snyder with One Museum Square. (J. H. Snyder, One Museum Square)
JH Snyder lands $172M loan on new luxury rental tower
JH Snyder lands $172M loan on new luxury rental tower
A rendering of the project and an aerial view of the development site (WPH Holdings, Google Maps)
WPH Holdings plans another affordable complex in Sun Valley
WPH Holdings plans another affordable complex in Sun Valley
Clarion Partners CEO David Gilbert and Trammell Crow CEO Mike Lafitte. (The Center at Needham Ranch, Clarion Partners, Trammel Crow)
DrinkPAK gulps down 400K sf at Needham Ranch complex
DrinkPAK gulps down 400K sf at Needham Ranch complex
Councilman John Lee and 10243 N. Topanga Canyon Boulevard (Facebook/CouncilmemberJohnLee, Google Maps)
Housing project for homeless vets gets pushback
Housing project for homeless vets gets pushback
Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps)
Continuum Partners plans $2B megaproject to transform Arts District
Continuum Partners plans $2B megaproject to transform Arts District
arrow_forward_ios

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

Loading...