Trending
Trammell Crow buys Northridge plot entitled for 350 apartments
Brookfield sold 5-acre site after scoring entitlements at retail property
Trammell Crow Company has closed on a site within the Northridge Fashion Center mall to build 350 apartments — and doesn’t even have to go through the entitlement process.
The firm bought a roughly 5-acre site at 9450 Shirley Avenue, according to an announcement on Tuesday. Trammell Crow declined to disclose the purchase price and the deed is not yet available with the Los Angeles County recorder’s office.
A team led by Northmarq’s Mike Smith and Jim Fisher brokered the deal.
Brookfield Properties previously owned the land, which sits within its sprawling mall, records show.
Brookfield acquired the Northridge Fashion Center as part of a larger portfolio acquisition in 2018. After the mall struggled financially during the pandemic, the firm decided to pivot part of the mall into residential, filing plans to redevelop an existing parking lot and one retail building onsite into 350 apartments in 2021.
In 2022, Brookfield scored the go-ahead for the plans, which included a mix of studio, one-bedroom and two-bedroom units, from the City of Los Angeles.
Trammell Crow’s residential unit, High Street Residential, will build the property, with construction slated to start next year and completion set for 2027.
The complex will also include a 40,000-square-foot amenity space for residents, a fitness center and an outdoor pool.
Another developer is looking to build housing in Northridge. Chatsworth-based Uncommon Developers has plans for 255 units at 17829 West Halsted Street near the California State University, Northridge campus.