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Friday, Mar 29, 2024

Land Owner Seeks to Build Apartments in Valley Glen

Michael Fant, the owner of a vacant lot in Valley Glen, has applied with the city of Los Angeles to develop a multifamily complex with retail elements on his property. Urbanize.LA reports that the 13716-13720 Victory Blvd. site would have 32 apartments, which would include very low-income housing. Fant is seeking density bonus incentives for the mixed-use project. The apartments would sit perched atop 1,000 square feet of ground-floor retail and basement parking space. If approved, the development will rise not far from the similar 49-unit Villas at Valley Glen along Woodman Avenue. Part of the property has been home to a 4,350-square-foot carwash built in 1964, according to CoStar Group data.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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