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

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Small Lot Saturday: Eight Houses in Eagle Rock

The project would replace three existing homes.

Irvine-based developer Calcagnie Group has plans for another small lot subdivision in Northeast Los Angeles, this time on the border between Eagle Rock and Highland Park.

The latest project, located at 6845-6855 N. Figueroa Street, would replace three existing houses with eight new residences.