According to the Los Angeles Daily News, demolition is now underway at the 61-year-old Rocketdyne Propulsion & Power Plant at Victory Boulevard and Canoga Avenue in Warner Center.

The approximately 46-acre property, vacant for the last several years, is being converted by owner United Technologies Corp. into what has been described as a $3-billion "sustainable urban neighborhood."  The project, which is being developed in partnership with Boston Global Investors (BGI), will feature a series of high-rise and mid-rise buildings offering residential units and office space above ground-floor shops and restaurants.

A project page from the BGI website indicates that the Rocketdyne redevelopment would include:

  • 3.95 million square feet of residences
  • 240,000 square feet of assisted living facilities
  • 1.2 million square feet of office space
  • 200,000 square feet of retail space
  • 155,000 square feet of hotels
  • 310,000 square feet of cultural and civic amenities
  • A five-acre central park
  • 10,030 parking spaces

Other firms involved with the project include architecture firm HOK and the engineering firm Arup.

Construction of the Rocketdyne development would occur over approximately 10-12 years, although an exact start date has not been specified.

Image: BGI
Image: BGI
Image: BGI

From the Web

Apartments to Replace Single-Family Residence on Olympic

The proposed development makes use of the Transit Oriented Communities guidelines.

A single-family residence and a vacant lot located just west of Koreatown could make way for a multifamily residential development, according to plans filed yesterday with the City of Los Angeles.

The proposed development, located at the northwest corner of Olympic Boulevard and 3rd Avenue, would consist of a six-story building featuring 51 rental apartments - including 11 units set aside for low-income families.