Irvine-based developer Sares Regis Group is grading an eight acre site on Chalk Hill in Woodland Hills to make way for a 340 unit luxury apartment complex called Infinity-Woodland Hills, according to the Daily News. The property, located on the 20600 block of Ventura Boulevard, is the former home of the Valley Music Theater--located "two blocks from the Ventura Freeway," with "a nature preserve on the south side of the property." We detect some snark about the location of the development: "[Infinity-Woodland Hills] is on the boulevard's south side and will offer some residents a nice view of the Target store sign." Unsurprisingly, Bill Montgomery, president of SRG's Multifamily Acquisitions for Investment & Development Division, gives a different assessment, claiming: "This is a prime location with sweeping vistas."
Infinity will be four stories tall, wrapped around a central parking facility--no word on how many parking spaces will be included. According to LADN: "The units will range in size from 565 square foot studios to 1,634 square foot three-bedroom apartments," and "There will be 6,000 square feet of retail space on the ground floor." That's not all: "Infinity will have a club house with a cafe, bar and gourmet kitchen; a two level fitness center, swimming pool and play area for children," and "The club will also have a glass wall that that can be opened to the pool." Fancy!
The Infinity is on top of another batch of multi-family residential announced for the area in recent weeks. Earlier this month, Houston-based Dinerstein Companies announced a 707 unit development to be located at 10.4 acre lot at 6219 De Soto Ave. According to Multi-Housing News, that site is one of the last fully entitled multi-family parcels in the Warner Center.
· 340-unit apartment complex planned for Chalk Hill in Woodland Hills [Daily News]
· Dinerstein Companies to Build Apartment Community at Warner Center [Multi-Housing News]