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An affiliate of Spokane, Washington-based SRM Development has filed plans this month for a 145-unit senior housing project in Studio City at the northeastern corner of the intersection of Colfax Avenue and Ventura Boulevard, according to planning documents.
The project would replace four commercial buildings totaling 22,500 square feet at 11611 – 11695 Ventura Boulevard and 4010 – 4028 Colfax Avenue with a mix of independent- and assisted-living and memory care units, plans show. The 2.31-acre project site’s existing buildings, all of which would be demolished, currently hold office, recording studio, retail and restaurant, and automotive sales and repair uses.
Designed by Seattle-based firm Urbal Architecture, plans call for 129 senior assisted- and independent-living units in a five-story main building at the northwestern corner of the project site, along with 16 senior independent-living townhomes at the eastern portion of the site. The development’s main building would also contain 25 units of memory care guest rooms.
Through an affiliate, SRM is currently in escrow to acquire the five-parcel project site from current owners Beverly Gemini Investments LLC and Colfax Development Group LLC, a pair of companies managed by Beitler Commercial Realty Services President Barry Beitler, according to planning documents and state business filings.
Along with housing units, the project would consist of about 12,000 square feet of common open space, including a roughly 4,000-square-foot local-serving pocket park at the site’s northwestern corner, as well as amenities such as a courtyard, rooftop decks, a dog park, a theater, a wellness center, and common dining rooms for residents.
The development would provide 118 parking spaces along with space for 44 bicycles.
The main building’s 129 senior housing units would include 24 studios, 84 one-bedrooms, and 21 two-bedrooms.
Also involved in designs for Colfax & Ventura is Landscape Development, a Valencia-based landscape architecture firm.