Los Angeles-based developer IMT Capital has filed plans with the City of Los Angeles for a new multifamily residential development in Van Nuys.

The project, which is slated for a 1.22-acre site at 6500 N. Sepulveda Boulevard, would consist of a podium-style building featuring 160 residential units - including seven for very low income households - in addition to 274 automobile parking spaces and 176 bicycle parking stalls.

A rendering from the IMT website portrays a contemporary six-story structure.

It joins a similar development which is planned three-quarter miles north along Sepulveda Boulevard.

IMT is also behind a proposed mixed-use development which would rise on the parking lots surrounding the former headquarters of Sunkist Growers, Inc. in Sherman Oaks.