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Saturday, Sep 30, 2023

Apartments On Horizon Near CSUN

The influx of residential dwellings in Northridge continues as another developer intends to capitalize on the demand for student housing near the campus of California State University – Northridge. A parcel located at 8940 N. Reseda Blvd. will host a five-story building with 51 apartments in the Northridge submarket, according to a July application filed with Los Angeles City Planning Department. The CSUN-adjacent units will be comprised of one- and two-bedroom apartments over subterranean parking levels to accommodate 92 vehicles. The applicant, Uzi Levy and 8940 Reseda LLC, has requested entitlements allowing for a height increase and a reduction to required side-yard setback in exchange for five low-income units. The developer is also requesting a demolition permit to raze the property’s existing commercial building. GA Engineering Inc. has designed the contemporary multifamily asset, which will include a courtyard, roof deck and ground-floor fitness center. Back in 2015, this parcel was acquired for $2.1 million, according to CoStar Group data. This latest multifamily project is one of many residential developments currently in different phases of planning and construction, including Mosaic, a 61-townhouse project located at 8350-8430 N. Reseda Blvd. being developed by Arizona firm Meritage Homes and designed by KTGY Architecture + Planning; a 146-residential unit project by Nordhoff Darby, designed by DE Architects; Shea Properties’ $100 million development featuring 429 apartments at Nordhoff Street and Corbin Avenue, designed by KTGY Architecture + Planning; and the Symphony Development-conceived project with 128 units on a 1.5-acre parcel at 9530-9546 N. Reseda Blvd. In addition to the housing, CSUN itself is overseeing construction of a four-story, 150-suite hotel on its campus, to be developed by Corvias and designed by Gensler.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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