Robert and Stefanie Stevenson Family Trust plans to build a multifamily apartment complex at 4728 San Fernando Road in Glendale, according to plans filed in February with the City of Glendale’s Planning Division.
The developer, which is requesting density bonuses, seeks to build a 249-unit multifamily residential complex, according to the plans.
The site is currently home to a 42,100-square-foot industrial building for multiple tenants that was built in 1979. The property is designated as a light manufacturing/small equipment manufacturing/small machine shop, instrument manufacturing and printing plant, according to PropertyShark data.
Robert and Stefanie Stevenson Family Trust is the owner of the property, according to data compiled by PropertyShark. Last year, it obtained a $4.95 million loan from Citizens Business Bank. The family trust appears to be associated with Glendale-based real estate firm Stevenson Real Estate, run by president David “Randy” Stevenson.
Currently, the L-shaped site is located in a mixed industrial/commercial zone, meaning it will need a new zoning designation for residential use.
Glendale’s Housing Element plan calls for more than 13,000 new dwelling units.
Last year, Allegro Capital Partners filed an application to build a six-story, 41-unit apartment building at 345 West Cerritos Avenue in south Glendale; its plan also requested a density bonus, which allows the construction of taller buildings than local zoning rules allow if affordable units are added.
Other developers such as The Onni Group turned to the multifamily market in Glendale after originally proposing to build the city’s biggest hotel. The company plans for two 36-story apartment buildings with 858 units at 601 North Brand Boulevard. The complex would also include offices, a fitness center, lounges and rooftop decks.
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