A private entity managed by prominent developer Richard Weintraub has entered escrow on the former Catalina Yachts plant in Warner Center, Weintraub said. The group is currently mulling its options for developing the site, Weintraub said, but possible uses include residential, adaptive reuse or leasing the property out and maintaining an industrial business on the iconic site — once home to a massive yacht building enterprise. “We are just investigating what types of uses we can use the building for,” he said. Read more in the San Fernando Valley Business Journal’s coming issue.
