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APARTMENTS SPROUTING MULTIPLE PROJECTS PLANNED IN WEST VALLEY.


Byline: Gregory J. Wilcox Staff Writer

WOODLAND HILLS - The west San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 will see a mini-boom in multiple-family housing, with a 522-unit complex planned at the former Ray Art Studio and a 136-unit building under construction at a busy Warner Center intersection.

Coupled with another large luxury complex under construction, Warner Center could eventually boast of more than 1,200 new units.

Irvine-based Archstone Communities has sketched out plans for Archstone Warner Center in documents filed with the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  Planning Department.

The complex at the 6625 Variel Ave., site of the former film studio, will be three to four stories tall and feature 260 one-bedroom, 234 two-bedroom and 28 three-bedroom units, records indicate. However, it is not clear whether this will be an apartment or condominium project.

It will have parking for 1,028 units and plans call for it to be finished by 2005.

Since this project meets the guidelines of the Warner Center Specific Plan, it just needs to be approved by the city's planning director, officials said.

Archstone officials did not return phone calls seeking comment.

Officials in Councilman Dennis P. Zine's office are aware of the project but have not yet taken a position.

``The councilman's stance now is since we have neighborhood councils Neighborhood councils are governmental or non-governmental bodies composed of local people who handle neighborhood problems. They can be found in many cities throughout the world. , all projects will go in front of the ... councils,'' said Tom Henry, Zine's deputy.

Neighborhood council President Sandy Enfield could not be reached for comment.

Archstone's project is in the same neighborhood as Warner Pointe, being built by Carlsbad-based The Morgan Group at the southeast corner of Erwin Street and Canoga Avenue.

That parcel had been an eyesore eye·sore  
n.
Something, such as a distressed building, that is unpleasant or offensive to view.


eyesore
Noun

something very ugly

Noun 1.
 since the 1994 Northridge Earthquake The Northridge earthquake occurred on January 17, 1994 at 4:31 AM Pacific Standard Time in the city of Los Angeles, California. The earthquake had a "strong" moment magnitude of 6.  severely damaged a 100,000-square-foot office building. It was never repaired and it's now being demolished.

Construction of the $30 million, 136-unit luxury complex should take about 20 months, said Louis Kuntz, a regional partner at The Morgan Group.

Future tenants should prepare for sticker shock Sticker shock is a United States term for the feeling of surprise experienced by consumers upon finding unexpectedly high prices on the price tags (stickers) of products they are considering purchasing. , with rents at Warner Pointe ranging from $1,900 to $2,400 a month.

Kuntz is not worried about competition from Archstone's planned project or Legacy Partners Bella Vista Bella Vista (Spanish meaning "beautiful sight") is the name of several places in the world:
  • Argentina
  • Bella Vista, Buenos Aires,
 at Warner Center, a hillside luxury complex at the northeast corner of Oxnard Street and De Soto de So·to   , Hernando or Fernando 1496?-1542.

Spanish explorer who landed in Florida in 1539 with 600 men and set out to search for the fabled riches of the north.
 Avenue.

``We think its a great intersection,'' Kuntz said of his project's location. ``There is a tremendous employment in the surrounding area and lots of amenities.''

The luxury complex of 78 one-bedroom units and 58 two-bedroom units will be a five-story structure with the first level used for parking. Apartment sizes will range from 750 square feet to 1,125 square feet.

Apartments will have a variety of amenities, including nine-foot ceilings, crown molding Crown molding encapsulates a large family of moldings which are designed to gracefully flare out to a finished top edge; generally used for capping walls, pilasters, cabinets; used extensively in the creation of interior and exterior cornice assemblies and door and window hoods. , island kitchens, high-speed Internet See broadband.  wiring and built-in computer desks.

Legacy Partners project will be the first one to market, with the 125-unit first phase ready sometime in September, said company spokesman Scott Morrison.

It features one-bedroom, two-bedroom and three-bedroom units with monthly rents ranging from $1,437 to $2,618.

Two more phases, totaling 454 units, are planned with the construction schedule based on market conditions, Morrison said.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Aug 16, 2002
Words:512
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