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Monday, Nov 4, 2024

LaTerra to Build Van Nuys Self-Storage in Van Nuys

LaTerra Development has proposed to build two self-storage facilities totaling 135,065 square feet and one of them will be in Van Nuys. 

LaTerra Development has proposed to build two self-storage facilities totaling 135,065 square feet and one of them will be in Van Nuys.

The facility, to be built at 14876 W. Raymer St., would see the demolition of two structures — spanning 23,120 square feet and 2,396 square feet — in order to make way for a three-story, 76,885-square-foot self-storage complex.

The other self-storage site will be built in Mar Vista.

Based in Los Angeles, LaTerra has a pair of large-scale developments in the works in the San Fernando Valley. In Burbank, at the former site of the Fry’s Electronics store at 2311 N. Hollywood Way, LaTerra is building the Burbank Aero Crossing, a mixed-use property that will see 862 apartment units, 152,000 square feet of office, and 9,700 square feet of restaurant space. The project has a 2025 completion date.

LaTerra also has 573 apartments going up at 777 N. Front St. in Burbank in a joint venture project with QuadReal Property Group.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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