Thursday, April 24, 2014

New Residential-Office Complex Proposed in Warner Center

The Warner Center 2035 Plan was designed to transform the sleepy business district into an active mixed-use community.  In a positive sign for the neighborhood's future, developers are swooping in left and right to make this vision a reality.  The latest large scale mixed-use project headed to the West Valley comes from Associated Estates Realty Group, in the form of a low-rise and mid-rise development in Warner Center's College District.  According to a document from the Woodland Hills - Warner Center Neighborhood Council, the Ohio-based developer has plans for 379 apartment units and 71,000 square feet of office space, to be located at 21221 Oxnard Street.  Residential buildings would range from five to seven stories in height, with plans calling for 82 live-work units.  The office portion of the project would rise in a nine-story tower, standing approximately 150 feet tall with an unspecified amount of ground floor retail space.  A full build out of the development, which would occur in two phases, calls for a total of 680 parking stalls.  The project site is currently developed with a two-story office building that once housed the offices of the Los Angeles Daily News.

Associated Estates is no stranger to Southern California, although their previous work has occurred on the southern of the Santa Monica Mountains.  The company is currently developing a 175-unit apartment building on the Miracle Mile, rising on a former surface parking lot adjacent to Desmond's Tower.  The roughly $70 million project is anticipated to open in Summer 2015.

21221 Oxnard Street, Image Credit: Hollywood Locations

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