Hanover makes headway on big resi complex in Warner Center

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

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
Worthe Real Estate's Jeff Worthe with 3201 W. Olive Avenue (Getty Images, Wolcott Architecture)
Prominent Burbank intersection to feature 144-unit apartment project
Prominent Burbank intersection to feature 144-unit apartment project
Bridge Investment Group Holdings' Jonathan Slager and 2235 West Broadway in Anaheim (Bridge Investment Group Holdings, Madison Park)
Anaheim multifamily sets 10-year record with $284M sale
Anaheim multifamily sets 10-year record with $284M sale
National Real Estate Advisors ceo Jeffrey Kanne with renderings of the residential tower The Bloc at 700 S. Flower St in Los Angeles (Shimahara, National Real Estate Advisors)
The Bloc could add 53-story tower to DTLA skyline
The Bloc could add 53-story tower to DTLA skyline
Trammell Crow Residential ceo Ken Valach with renderings of the Alexan project at 150 N. Santa Anita Avenue in Arcadia (LinkedIn, Studio One Eleven, Illustration by The Real Deal)
Trammell Crow Residential to build 319 apartments in Arcadia
Trammell Crow Residential to build 319 apartments in Arcadia
Jamison Properties' CEO Jaime Lee with 626-634 St. Andrews Place (LinkedIn, Jamison Properties)
Jamison breaks ground on 230-unit complex in Koreatown
Jamison breaks ground on 230-unit complex in Koreatown
Santa Monica Homes
Santa Monica, WeHo most expensive rent cities in LA County
Santa Monica, WeHo most expensive rent cities in LA County
Stockbridge Chiefs Terry Fancher and Sol Raso with The Bahay
Stockbridge Capital pays nearly $138M for Filipinotown apartments
Stockbridge Capital pays nearly $138M for Filipinotown apartments
NBP Capital's Lauren Noecker and renderings for 100 W. Mesnager Avenue, Los Angeles (GBD Architects, LinkedIn)
NBP Capital building 289 apartments in Chinatown
NBP Capital building 289 apartments in Chinatown
arrow_forward_ios

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

Loading...