The influx of residential dwellings in Northridge continues as another developer intends to capitalize on the demand for student housing near the campus of California State University – Northridge. A parcel located at 8940 N. Reseda Blvd. will host a five-story building with 51 apartments in the Northridge submarket, according to a July application filed with Los Angeles City Planning Department. The CSUN-adjacent units will be comprised of one- and two-bedroom apartments over subterranean parking levels to accommodate 92 vehicles. The applicant, Uzi Levy and 8940 Reseda LLC, has requested entitlements allowing for a height increase and a reduction to required side-yard setback in exchange for five low-income units. The developer is also requesting a demolition permit to raze the property’s existing commercial building. GA Engineering Inc. has designed the contemporary multifamily asset, which will include a courtyard, roof deck and ground-floor fitness center. Back in 2015, this parcel was acquired for $2.1 million, according to CoStar Group data. This latest multifamily project is one of many residential developments currently in different phases of planning and construction, including Mosaic, a 61-townhouse project located at 8350-8430 N. Reseda Blvd. being developed by Arizona firm Meritage Homes and designed by KTGY Architecture + Planning; a 146-residential unit project by Nordhoff Darby, designed by DE Architects; Shea Properties’ $100 million development featuring 429 apartments at Nordhoff Street and Corbin Avenue, designed by KTGY Architecture + Planning; and the Symphony Development-conceived project with 128 units on a 1.5-acre parcel at 9530-9546 N. Reseda Blvd. In addition to the housing, CSUN itself is overseeing construction of a four-story, 150-suite hotel on its campus, to be developed by Corvias and designed by Gensler.
