The Los Angeles planning department has approved plans for a five-story, 149-unit apartment project on Topanga Canyon Boulevard in Canoga Park, according to a determination letter posted by the city this month.
The development will replace a two-story, roughly 35,000-square-foot office building at 7322 – 7340 Topanga Canyon Blvd. and is being led by a joint venture involving Alliant Strategic Development and Strategic Realty Holdings. The approximately 0.86-acre property was acquired last year by an affiliate of Alliant for $8.2 million, according to county property records.
Approvals given this month allow for Tier-1 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 50-percent density bonus and an 11-foot height increase to a maximum of 56 feet, plans show. The development team will reserve 12 units for extremely low-income households, per the TOC program.
Specializing in mixed-income and affordable housing development, Alliant will set rents for remaining units at below-market-rate, workforce housing levels, according to the determination letter.
Plans call for 23 studio apartments, 117 one-bedrooms, and nine two-bedrooms along with one level of ground-floor parking containing space for 79 cars.
The community will also include about 15,400 square feet of open space consisting of private balconies, a podium courtyard, two recreation rooms, and a roof terrace. It will also provide space for 110 bicycles.
Since the project proposal went under neighborhood review earlier this year, another unit was added to plans, bringing the total to 149 apartments.
Designs for 7322 – 7340 Topanga Canyon Blvd. have been led by project architect Hochhauser Blatter Associates Architecture & Planning and landscape architect SQLA.
