Nearly one year after we last stopped by, framing is complete for Alliant Strategic's Pendant on Topanga apartments in Canoga Park.
Under construction since 2023 at 7322-7340 N. Topanga Canyon Boulevard, the project replaced a 1980s office building with a five-story edifice that will feature 149 studio, one-, and two-bedroom apartments above ground-floor parking for 109 vehicles.
HBA is designing Pendant, which is composed of food framing above a concrete podium, and is to be clad in stucco and aluminum panels. Resident amenities would include a rooftop terrace deck, a central courtyard, and a recreation room.
As a requirement of the bond financing used for the project, the apartments are to be priced for households earning no more than 90 percent of the area median income level. Additionally, as the project made use of Transit Oriented Communities development incentives, 12 units are to be reserved as extremely low-income affordable housing, per a city determination letter.
The project is one of four projects from Alliant Strategic that are expected to create more than 700 middle-income apartments between 2024 and 2025. One of those is a 220-unit development now taking shape a short distance to the east on Canoga Avenue.
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- Pendant on Topanga (Urbanize LA)