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Los Angeles-based developer IMT Capital has filed plans with the City of Los Angeles for a new multifamily residential development in Van Nuys.

The project, which is slated for a 1.22-acre site at 6500 N. Sepulveda Boulevard, would consist of a podium-style building featuring 160 residential units - including seven for very low income households - in addition to 274 automobile parking spaces and 176 bicycle parking stalls.

A rendering from the IMT website portrays a contemporary six-story structure.

It joins a similar development which is planned three-quarter miles north along Sepulveda Boulevard.

IMT is also behind a proposed mixed-use development which would rise on the parking lots surrounding the former headquarters of Sunkist Growers, Inc. in Sherman Oaks.

6500 N. Sepulveda Boulevard (Image: Google Street View)
6500 N. Sepulveda Boulevard (Image: Google Maps)

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Slow Progress at San Pedro Small Lot Development

24 on Centre broke ground in October 2017.
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Ten months ago, Santa Clarita-based Williams Homes broke ground on a small lot subdivision in San Pedro.  The project, which replaces a vacant lot at the intersection of 8th and Streets, is known as 24 on Centre.  Plans call for 24 single-family residences, all of which would feature a rooftop deck and a parking garage.