A mixed-use apartment complex could replace an office building and a church in Panorama City, according to plans submitted yesterday to the City of Los Angeles.
The approximately one-acre project site, located at 8130-8146 N. Van Nuys Boulevard, is owned by Ventura-based Somis Investments and Los Angeles-based Massco Investments. The entitlement application filed with the Department of City Planning calls for razing the existing structures to make way for a new building containing 102 residential units, 1,755 square feet of ground-floor commercial space and 90 parking spaces.
A project applicant is listed as Panorama Square, LP, an affiliated of Thomas Safran & Associates.
Requested entitlements for the project include Transit Oriented Communities affordable housing incentives - specifically relief from transitional height requirements. In exchange for incentives, the project would set aside 23 percent of its apartments for low-income renters.
Additional details regarding the project are unclear.
The development site is located across Van Nuys Boulevard a 1960s office tower which developer Izek Shomof is in the process of converting into 192 apartments.
A short distance west on Lanark Street, a Los Angeles County property is slated for redevelopment with up to 120 units of affordable housing.
All three projects are located within walking distance of the intersection of Van Nuys and Roscoe Boulevards, where a station on Metro's forthcoming Van Nuys light rail line is planned.
- Panorama City (Urbanize LA)