Hanover makes headway on big resi complex in Warner Center

The 395-unit project will rise in the fast-developing area

TRD LOS ANGELES /
Mar.March 11, 2019 12:00 PM
Hanover Co. founder Murry Bowden and 6636 North Variel Avenue (Credit: Google Maps)

Hanover Company is ready to start on its big apartment building project in Warner Center, which will see a flood of new residential development in the coming decade.

Less than a year after the firm filed plans to build a 395-unit complex on North Variel Avenue, it requested approvals to demolish the existing structures, according to newly-published city documents.

Hanover wants to raze the 72,000-square-foot industrial and office buildings at 6636 North Variel Avenue to clear the way for its apartment development that will span 436,000 square feet. The new seven-story building will include 509 parking spaces.

Houston-based Hanover is also seeking approvals to deviate slightly from zoning requirements, asking to reduce the floor-to-ceiling distance by 20 percent.

The firm acquired the property for an undisclosed amount from Natalie Levy Saraf, an executive at Andwin Scientific, in July 2018, records show.

Hanover’s project is one of many slated for the Warner Center, a neighborhood in Woodland Hills. Change is in store for the quiet community, with an estimated 24,000 residential units and 28 million square feet of office and commercial space expected to be added in the next 15 years. Much of that development is a result of the Warner Center 2035 Specific Plan, adopted in 2013 as a way to spur development in the region.


Related Articles

arrow_forward_ios
From left: Angelo Gordon’s CEO Michael Gordon, Jonathan Feldman from Global Mutual and LPC’s David Binswangerand the property (Credit: Yardi Matrix)

Campus @ Warner Center selling for $211M

A map of Westlake (Credit: Google Maps and iStock)

Developers are digging into multifamily projects in Westlake

Ken Gladstein in front of 630 Masselin Avenue

Multifamily investor Sares-Regis bets big on Miracle Mile

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019

Relevant Group’s Richard Heyman and the project site (Credit: Google Maps)

Relevant Group plans 87-unit apartment complex in South LA

A rendering of the project

Developer files plans to build 87-unit apartment complex in Pico Union

A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse

Koreatown resi complex marks firm’s entry into Opportunity Zones

arrow_forward_ios
Loading...