The first development under the Warner Center 2035 Specific Plan has been approved by the Woodland Hills Warner Center Neighborhood Council.
Associated Estates of Richmond Heights, Ohio, wants to build a mixed-use development at the 21221 Oxnard St. site. The first phase would feature a five-story, 379-unit apartment building. As part of the second phase, the project would include a nine-story 71,000-square-foot office tower, according to Scott Silverstein, chair of the neighborhood council and principal at the Calabasas office of Lee & Associates.
“This first project under the Warner Center 2035 Plan was presented to the Woodland Hills-Warner Center Neighborhood Council for review whereby the members were impressed with the developer’s objective to abide by the intent of the plan, conform to the high standards of the plan, and not request any variances from the plan,” he told the Business Journal in an email.
The city has yet to receive a formal application for the project.
The Warner Center 2035 Specific Plan was passed in October, opening the floodgates for large development. Under the plan, the biggest boom will come from residential development. There are less than 10,000 units currently within Warner Center, and the plan allows that number to rise to 20,000. The city expects the plan will bring more than 42,000 new residents and nearly 49,000 new jobs to the area.
The plan divides the 1.5-square-mile neighborhood into eight districts, with varying commercial, residential and retail uses.
Associated Estates did not respond to calls or emails seeking comment. Currently at the site is a vacant 124,000-square-foot office building, which the Daily News sold to Hearst Communications Inc. of New York in 2007, according to CoStar Group Inc. The real estate data firm also has record of the 350,000-square-foot apartment building proposal for the site.