DEVELOPERS EAGER FOR LIVE-WORK-PLAY AREA.Byline: KERRY CAVANAUGH Staff Writer From a developer's perspective, Warner Center is an ideal community that combines homes, jobs, public transit and entertainment. The 1,000-acre center is headquarters for several Fortune 500 companies, the terminus Terminus (tûr`mĭnəs), in ancient Rome, both the boundary markers between properties and the name of the god who watched over boundaries. of the Orange Line busway and a regional shopping destination with the recent expansion of the Westfield Topanga Westfield Topanga, formerly known as the Westfield Shoppingtown Topanga and more commonly known to locals as the Topanga Mall or Topanga Plaza, is a two-story shopping mall consisting of 230 tenants spread across three sections. mall. "There's a lot of synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. . It's a very desirable area to live. It's got all the shopping and conveniences nearby. Seventy-five percent of our residents work in the area," said Louis Kuntz, a division partner with The Morgan Group. Kuntz's company built The Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] , a 136-unit apartment complex that was the first in what has snowballed into a recent spate of residential projects. The Morgan Group is also erecting a 362-unit apartment building over a new Morton's steakhouse on Canoga Avenue, and it has applied for permits to build a 421-unit apartment complex on 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. The largest residential project under way in the center, however, is developer Richard Weintraub's plan for a 707-unit community of standard and senior apartments on the former site of the Panavision headquarters. Weintraub said it's rare to find 10 available acres in an area with such strong demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , which is why the opportunities to redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. aging properties are so exciting. "You're working in a Warner Center that's in transition now," Weintraub said. "I think what's happening here is an affordable Century City. The problem with Century City is the median home price is well over $1million. But in Warner Center, the price is half that." He expects Warner Center will become more of a live-work-play community, as residential projects open and shuttles, walkways and farmers markets evolve. "Now that we've put in the infrastructure, it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to create a neighborhood. We really have to fight to keep the humanity in it," he said. Most of the recent Warner Center projects have been strictly residential, but Westfield has filed plans with the city to build 2.3million square feet of residential, retail and office space, as well as a hotel, on 37acres across Victory Boulevard Victory Boulevard is a major thoroughfare on Staten Island, measuring approximately 8.0 miles (12.87 km) and stretching from the west shore community of Travis to the upper east shore communities of St. George and Tompkinsville. from the recently remodeled Topanga mall. While that project is on hold, several major 20-year-old development sites are considered ripe for revamping in the next decade. Hot sites include the giant Blue Cross headquarters in the middle of Warner Center, Northrop Grumman's office on Burbank Boulevard, and the Pratt-Whitney (formerly Boeing) office on Victory Boulevard. But some are concerned that Warner Center could lose too much of the industry that helped spur the regional center in the first place. Planning consultant Brad Rosenheim said the current Warner Center plan puts tight size restrictions on office and commercial projects. He's hoping those will be eased in the future to help balance residential and commercial growth, and give developers more freedom to create pedestrian-friendly, mixed-use projects that will help transform Warner Center. "The (current) plan makes it very hard to justify tearing down antiquated buildings and putting up new development," he said. kerry.cavanaugh(at)dailynews.com (213) 978-0390 |
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