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The Canoga Park Neighborhood Council will discuss and possibly vote Wednesday evening on plans to build a 148-unit project at 7322–7340 Topanga Canyon Blvd., the council’s Wednesday meeting agenda shows. The project applicant is listed as Alliant Strategic Development, a multifamily developer, alongside the address of Strategic Realty Holdings, a multifamily investment company. Edward Lorin, a co-founder of both Los Angeles-area companies, is also listed in project filings.
First submitted last year, plans call for a Tier-1 project under the city’s Transit-Oriented Communities Incentive Program and entail the demolition of the project site’s existing 34,844-square-foot, two-story office building. TOC incentives requested by the developer include a 50-percent density bonus to allow for up to 149 units and an 11-foot height increase to 56 feet.
The new five-story, 91,662-square-foot building would contain 22 studios, 118 one-bedrooms, and eight two-bedrooms, with 12 units, or 8 percent of the project total, set aside for extremely low-income households. The project would also be within half a mile of bus lines at the intersection of Sherman Way and Topanga Canyon Boulevard, qualifying it for Tier-1 TOC status.
Joining Alliant and Strategic Realty Holdings on the project team are architect Hochhauser Blatter Associates Architecture & Planning, landscape architect SQLA, and project representative Heather Waldstein of entitlements consulting firm Rosenheim & Associates. 7334 Topanga Canyon LP, the project owner, registered to Alliant’s Woodland Hills offices, acquired the property for $8.2 million, according to a transaction recorded with the county last year.
The Canoga Park project, would provide 79 at-grade parking spaces along with 109 bicycle spaces and have amenities including a second-floor, 4,318-square-foot courtyard; a fifth-floor, 1,836-square-foot recreation room; and a 5,358-square-foot roof terrace.