WOODLAND HILLS, Calif. (April 12, 2018) – A fully-entitled land site, developable as a senior housing facility and medical office building campus, is now available for sale or lease at 21300 Oxnard St. in Woodland Hills.
According to Ronnie Schwartz, Principal at Homestead Capital Group, “This is a great opportunity for a senior housing facility to be built to help meet the need for this kind of housing in the booming Warner Center area.”
The property is being sold by Homestead Capital Group, based in Century City. The land is fully-entitled for the development of a healthcare campus to include a 131-bed seniors housing facility and new medical office building.
Haskel Iny, Principal at Homestead Capital Group, said, “We’re very pleased to be involved in this exciting project and part of the solution for the overall housing and healthcare needs in the Warner Center area.”
The 2.31-acre parcel will be subdivided with approximately half of the land available for sale to a developer interested in building the six story, 134-unit senior housing facility consisting of assisted living and memory care rooms. The remaining portion of the site will include a new six-story medical office building with ground floor retail uses and an attached five-story parking structure. Bryan Lewitt and Chris Isola with CBRE are handling the listing on behalf of Homestead Capital.
According to Navid Moshtaghi, a member of the partnership, the site is located in the Warner Center 2035 Plan which is a growth strategy that encourages and incentivizes infill development and redevelopment of existing properties. The development blueprint emphasizes mixed-use and transit-oriented development, walkability and sustainability. The plan encompasses 1,100 acres and is targeted to add 14 mm sf of new, non-residential area and 20,000 units of new residential.