Tristar Realty Group, a privately-held real estate firm based out of Los Angeles, is nearing completion on a four-story medical office building in Tarzana.

The $50-million project, known as the Ventana Medical Plaza, is located on a 2.37-acre site near the northwest corner of Ventura Boulevard and Lindley Avenue.  The 112,000-square-foot Class A facility is billed as the largest and most integrated cancer treatment center in the San Fernando Valley, with more than half of its floor area dedicated to radiology, oncology and surgical centers. 

Tristar has already leased space to a number of healthcare providers, including Radnet Imaging.

As the first medical facility built in Tarzana in over 20 years, the Ventana is seen as a potentially transformative project for the stretch of Ventura Boulevard between White Oak Avenue and Reseda Boulevard.  Besides medical offices, the development also includes a ground-floor restaurant, a pharmacy, and an 824-stall garage with valet parking and a car wash.

Designed by architect Edward Osuch of NEO & Associates, the Ventana features a contemporary  highlighted by a 60-foot tall curved glass entrance.  The Ventura Boulevard facade includes series of "frames," or "windows," which inspired the project's name.  The building's western elevation features a large mural by the artist Sage Vaughn.

Image courtesy of Tristar Realty Group
Image courtesy of Tristar Realty Group
Image courtesy of Tristar Realty Group
Image courtesy of Tristar Realty Group
Image courtesy of Tristar Realty Group

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Construction Finally Underway at 5750 Hollywood

Wood Partners has acquired a mixed-use development site near the Hollywood Freeway.

Atlanta-based developer Wood Partners has broken ground for a residential-retail development near the Red Line's Hollywood/Western Station.

The project, located at 5750 Hollywood Boulevard, will consist of a seven-story structure featuring 161 apartments, 5,700 square feet of ground-floor retail space, and basement parking for 271 vehicles.  Plans call for a mix of studio, one- and two-bedroom units, including 14 apartments reserved as low-income housing.