Now the city is weighing whether to force developers to build affordable housing in the busy neighborhood.
Average rental prices in the area went up 33 percent in five years.
It could reportedly fetch about $150 million.
Plus 206 apartments.
From Chatsworth to North Hollywood, these are the game-changing mixed-users headed to the Valley.
The Warner Center project would turn an office park into a major mixed-use complex with a 24-story hotel and new office towers.
The building would rise across the street from another major project by the same developer.
Geared toward young professionals and millennials, the apartment buildings would have restaurants, retail, love/work lofts, and offices on the ground floor.
The Orange Line-adjacent residential apartment complex is rising in Warner Center, a neighborhood filling up with new projects.
Due for completion in 2019, the project will also include 11 live/work units and maybe even a 12-story tower.
City Councilmember Bob Blumenfield has proposed that the former Rocketdyne plant in Warner Center would be a "perfect" spot for the facility.
The seven-story project would bring 271 apartments to the area. It’s one of many major developments proposed for the area in recent months.
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Plans filed with the city Thursday propose a huge new development at the site of the aging Promenade mall in Woodland Hills. Though a developer isn't named, the mall is owned by Westfield, and has been slowly emptying in recent years.