LOS ANGELES, CA - Cityview, a premier multifamily investment management and development firm, today unveiled the name of its 123-unit workforce housing project in Mid-City Los Angeles as Liv on Pico. The firm shared the transit-oriented development’s name and vision at an event celebrating the project, which will provide much-needed housing adjacent to Culver City and Miracle Mile and includes 13 affordable units. Designed with sustainability in mind, the project is built to LEED Silver.
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Affordable housing developer Penny Lane Centers has proposed a 64-unit development project in North Hills.
According to an Urbanize.LA report, the four-story, 29,000-square-foot Rigby Apartments at 15314 W. Rayen St. would replace a small event center with 63 affordable apartments plus a manager’s unit in a contemporary low-rise structure.
The dwellings – a combination of studio, one-, two-, and three-bedroom floor plans – would be established atop a 51-car basement parking level.
Penny Lane Centers also has a separate affordable housing complex, dubbed Sun Commons, in North Hollywood.
The North Hills market has another affordable and supportive housing project in development. Meta Housing Corp. just broke ground on the first phase of the five-story, 365-apartment Mission Gateway project 8811 N. Sepulveda Blvd. Togawa Smith Martin will design the roughly $138 million housing complex ($387,000 per unit), which is being funded by tax-exempt loans and federal tax credits.
Canyon News
WOODLAND HILLS The city of Los Angeles will be making some changes over the next few years to update the Westfield Promenade Mall in Warner Center. The Los Angeles City Council approved a $1 billion development project that will get underway lasting until 2035.
On December 2, the city council adopted the project in a 14-0 vote to redevelop the struggling Westfield Promenade Mall with new forms of housing, office space, and retail shopping centers. The development plan is one of several to join the large and multi-scale developments within Warner Center.
The Westfield Promenade Mall is currently a 34 acre property located between Topanga Canyon Boulevard, Oxnard Street, Owensmouth Avenue, and Erwin Street. Development is projected to reconstruct 3.2 million square foot of construction which includes: