Construction has finally started on a mixed-use development in Warner Center on the site of the former Daily News headquarters on Oxnard Street, just east of Canoga Avenue.
It is being built by San Diego-based Fairfield Residential and it will be the company’s third apartment complex in Warner Center and fourth in the San Fernando Valley.
And it’s the first project approved under guidelines of the Warner Center 2035 plan, the blueprint for future development in the business and residential hub. It is also the most modern development plan yet, according to Los Angeles City Councilman Bob Blumenfield.
“There is nothing else like it in the city,” Blumenfield said Thursday during the third annual State of the Valley luncheon in Van Nuys.
Site preparation is now under way with excavation work filling a steady stream of double trailer trucks hauling away dirt.
Called Warner Place, the development will feature 379 luxury apartments, retail and possibly a seven-story office tower, if a market for the space develops.
The original development plan was proposed in June 2014 by Richmond Heights, Ohio-based Associated Estates Realty Corp. Last year that company was bought by New York-based Brookfield Asset Management Inc. and its Fairfield Residential unit took over development of the site.
Fairfield also owns Carabella at Warner Center at 6300 Variel Ave., Carillion Apartment Homes at 6301 De Soto Ave. and Terrena Apartment Homes at 9400 Corbin Ave. in Northridge.
Rents at the three properties range from $1,773 to $2,536 a month.
Larry Scott, Fairfield’s Senior Vice President of Development, said that Warner Center is a prime market for the company.
“We like the fact that you basically have all of the parts there. You have retail, office and access is very good with the Orange Line. It checks all of the boxes,” he said.
The apartments will be in two, six-story buildings with partial underground parking.
The apartments will be set back from Oxnard with the office tower extending to the sidewalk. The complex will be built in two phases with the second being 123,345 square feet of commercial space in the seven-story tower.
Warner Place will feature:
•What is known as live-work space on the ground floor that will wrap around the apartment building, so the parking structure will not be visible from the street. These units will have some kind of business activity in front with living quarters attached.
•680 parking spaces and 422 bicycle stalls.
•32,700 square feet of open space, accessible to the public.
•An outdoor water feature, seating area and Wi-Fi.
Warner Place is expected to open in the summer of 2018 and employ 1,200 workers during the construction, said Scott.
Our old Daily News building had quite a run.
For nearly two decades we churned out thousands of stories about the San Fernando Valley from the windowless newsroom at the back of the building. The only windows were in the front, where the executive offices and a big conference room were.
Six years ago we moved a few blocks away to Warner Gateway, which has lots of windows, and our old headquarters morphed into Hollywood Studios and was the site of numerous TV, movie and commercial shoots. The 2010 Careerbuilder Super Bowl “Casual Friday” commercial featuring office workers in their underwear was shot in our newsroom, men’s bathroom, “Zebra Lounge” conference room and lunch room.
And that’s a wrap.