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
Mike Bannon, California Apartment Association, executive director

Mom-and-pop resi landlords are already struggling

Mom-and-pop resi landlords are already struggling
An illustration of David Lee

A boomtown for a bygone era: Koreatown developers face a reckoning

A boomtown for a bygone era: Koreatown developers face a reckoning
The property at 21555 Oxnard Street (Credit: Google Maps)

Anthem’s former Warner Center office building gets 75% valuation cut

Anthem’s former Warner Center office building gets 75% valuation cut
Tani Cantil-Sakauye (Credit: Earl Gibson III/Getty Images)

Landlords sue California over eviction ban

Landlords sue California over eviction ban
Eric Garcetti, Nury Martinez, and Daniel Yukelson (Credit: Marc Flores and Alberto E. Rodriguez via Getty Imahes, Linkedin, and iStock)

LA landlords sue city over residential eviction ban

LA landlords sue city over residential eviction ban
Daniel Yukelson of Apartment Association of Greater L.A. and L.A. City hall (Credit: iStock)

For CA landlords, abysmal is the new normal

For CA landlords, abysmal is the new normal
Unibail-Rodamco-Westfield’s Larry Green and a rendering of the project (Credit: Westfield Promenade 2035)

Unibail-Rodamco’s 34-acre mixed-use Promenade project wins city planning approval

Unibail-Rodamco’s 34-acre mixed-use Promenade project wins city planning approval
Daniel Yukelson of Apartment Association of Greater L.A. (Credit: iStock)

Landlords fuming over sexual harassment “reports”

Landlords fuming over sexual harassment “reports”
arrow_forward_ios

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

Loading...