More housing could soon be sprouting up in Los Angeles, according to plans recently submitted to the City. Those plans include a 180-unit apartment building in the city’s North Hills neighborhood.
The project is located at 8846 N Sepulveda Blvd. and is proposed by MDT Properties with AFCO Design acting as the architecture firm. The project would include the construction of a 143,825 square foot, seven-story residential apartment building. Currently, the site is developed with a 192 square foot auto sales building and lot, which would be demolished in order for the project to take shape.
Overall, the project would include 20 studio units, 115 one-bedroom units and 45 two-bedroom units. Additionally, 17 units would be set aside for extremely low income households.
The project will also include 15,330 square feet of open space, a 20 percent reduction of what is required using TOC incentives. In addition, the plans include 173 parking spaces and 126 bicycle parking spaces.
The property is located in the San Fernando Valley, just off Interstate 405 and near various retail and dining amenities. The site is also just north of North Hills Community Park.
Founded in 2006, MDT properties is a real estate investment development and management company with a focus on properties in Los Angeles and Austin Texas. Currently the company has over $100 million worth of assets under management and/or ownership.
The San Fernando Valley has seen a number of development proposals over the past several months. One project to recently be proposed in Van Nuys is a 120-unit apartment building by developer Jonathan Azal. The property would be located at 14519-14539 W. Sylvan St. and would total 113,375 square feet and reach six stories, according to a previous report by The Registry.
Another project proposed for Van Nuys is a 214-unit apartment building at 7115 Van Nuys Blvd. The project is proposed by Benjamin Golshani of VNB, LLC, and would include the construction of a 197,630 square foot, five-story building with ground floor retail and a two-level parking garage.
