A local real estate firm is planning to build a new residential-retail development in the North San Fernando Valley.

Yesterday, the Encino-based Gelb Group filed plans with the City of Los Angeles for the construction of a nearly 500,000-square-foot mixed-use complex at 16201 W. San Fernando Mission Boulevard.  The approximatley 8.5-acre property is currently home to a retail center known as Granada Hills Plaza.

According to a case filing from the Department of City Planning, the project would consist of a four-story building containing 440 apartments, including 22 units that would be set aside for very low income households.  Plans also call for approxmately 65,000 square feet of ground-floor commercial space, as well as one level of subterranean parking.

The proposed development requires several discretionary approvals, including the authorization of density bonus incentives.  Additional details about the project are currently unclear.

16201 W. San Fernando Mission Boulevard (Image: LoopNet)
Image: Google Maps

From the Web

City Looks to Update Land Use and Transportation Along Rail-to-River Corridor

A freight railway that cuts through South L.A. is set for rebirth as an active transportion corridor.

In 2012, Metro began exploring the possibility of transforming a segment of a former freight rail right-of-way that cuts through the heart of South Los Angeles into an active transportation project.  The project, now known as the Rail-to-River corridor, would convert the Harbor Subdivision - which runs east-to-west along Florence and Slauson Avenues - for use by pedestrians and cyclists.

To capitalize on this investment, the Cit