|Image Credit: Los Angeles Daily News|
In February 2013, news emerged that IMT Capital was planning a mixed-use development on a Sherman Oaks parcel which formerly housed the headquarters of the Sunkist Growers Cooperative. Just over one year later, the Valley Village-based developer has finally submitted their project to the city for approval. According to a recent case filing from LADCP, plans for the 8.5 acre site call for 298 residential units and an unspecified amount of ground floor commercial space. The Daily News previously reported that the development would likely feature a grocery store, in addition to a greenway park along the banks of the LA River. Located at 14130 Riverside Drive, the project site sits across the street from both a Trader Joe's supermarket and Westfield Fashion Square. The new residential-retail complex will rise on current surface parking lots. The existing structure, designed by AC Martin Partners, will be retained as office space. Built in 1971, the three-story concrete building is a well known Valley landmark due to its visibility from the 101 freeway. Sunkist was based out of 14130 Riverside Drive until last year, when they relocated to Valencia to be closer to their growers.