The post-Cold War exodus of Los Angeles' aerospace industry has left behind large swaths of underutilized industrial land. Chief amongst those properties is a 47-acre parcel at the intersection of Victory Boulevard and Canoga Avenue, which was previously occupied by Rocketdyne. Located in the heart of Warner Center, talk of development has swirled around the property since 2011. Finally, developer Boston Global Investors tipped their hand last week. In a Wednesday article from the Daily News, BGI announced plans for LA Warner Center, a $3 billion dollar development consisting of residential, office, retail and hotel uses. Although exact designs and building heights have yet to be finalized, a site plan linked to BGI's website calls for multiple high-rise structures centered around a five-acre public park. As mandated by the new Warner Center Specific Plan, the Rocketdyne project looks to encourage transit usage, pedestrian activity, and even a connection to the LA River. Architectural firms HOK and Arup have been commissioned to design the project, which is owned by former Rocketdyne parent company, United Technologies Corporation. The aforementioned site plan states that the anticipated development timeline for the project is 10-12 years.
