Development
Los Angeles
Alliant Strategic plans 332-unit project in Van Nuys
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Alliant constructs 332-unit workforce development in Van Nuys thanks to transit incentives
Six-story complex marks largest of four Alliant projects in the San Fernando Valley
Alliant Communities is building a 332-unit workforce and affordable apartment complex in Van Nuys.
The Calabasas-based developer once known as Alliant Strategic Development is constructing the six-story complex at 7050-7068 North Van Nuys Boulevard and 14431 West Vose Street, Urbanize Los Angeles reported.
The L-shaped apartment building known as VOSE will include 332 studio, one- and two-bedroom apartments above 4,100-square-feet of shops and restaurants. A parking garage will serve 180 cars.
Alliant will employ Transit Oriented Communities incentives for a larger building than local zoning rules allow in exchange for 37 affordable apartments for extremely low income households. Those incentives encourage developers to build near bus and train stations across the city of L.A.
The remaining units will be set aside as workforce housing for households earning up to 90 percent of area median income. A timeline for construction was not disclosed.
Last month, Alliant landed $117.2 million in bond financing through the California Housing Financing Agency, according to a news release. The cost of the 246,600-square-foot project is pegged at $160 million, or $649 per square foot. That works out to $481,928 per unit.
The white and gray complex, designed by Downtown-based AC Martin, will be clad in stucco and include three courtyards and two rooftop decks. The building, with splotches of yellow, will have large windows and exterior balconies, according to a rendering.
The VOSE apartments will include stainless kitchen appliances, energy-efficient fixtures, central AC, granite and quartz countertops, in-unit washers and dryers and balconies.
The complex will also have a fitness center, pool and hot tub, sun deck, business lounge, clubhouse, community kitchen, dog run, garage parking with EV chargers, solar panels and extra storage, according to Alliant.
The 1.4-acre project, proposed in July 2021, was renamed Ardent on Van Nuys, according to Urbanize, while company officials continue to call it VOSE.
The project is the largest of four developments from Alliant in the San Fernando Valley which will provide a combination of workforce and extremely low-income housing, according to Urbanize.
The renamed Alliant Communities, co-founded by Shawn Horwitz, focuses on building affordable and workforce housing, according to its website, with projects in Los Angeles, Moorpark, Menlo Park, Sacramento and Las Vegas, Nevada.
In 1997, Horwitz helped launch The Alliant Company, the parent company of Alliant Capital. Maryland-based Walker & Dunlop acquired the firm and its subsidiary in 2021 for an enterprise price of $696 million.
It’s not clear if Alliant Strategic Development, founded in 2020, or its newly founded successor, Alliant Communities, which state business records show was launched this year, have any ties to Horwitz’s former firms.
— Dana Bartholomew
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