6033 N. De Soto Avenue (Credit: Google Maps)
Development doesn’t appear to be slowing down soon at Warner Center, where the latest proposed project is a 190-unit senior living facility.
The 188,100-square-foot complex would replace an existing commercial building at 6033 N. De Soto Avenue, according to property records.
Mahmoud Malakafzali, a commercial real estate agent, is the owner and developer. Malakafzali paid $2.2 million for the 1.5-acre property in 2014, records show. He owns the property through Ram Property Management LLC, and is an agent at Told Partners, also based in Warner Center,.
Warner Center has benefited from a city rezoning effort a few years ago. A number of large projects are in the works there. The biggest is Westfield’s $1.5 billion redevelopment of the Westfield Promenade mall. The firm is now working through the environmental review process for a 320,000-square-foot arena that is part of that plan.
Westfield’s redevelopment also includes 1,430 residential units, more than 600,000 square feet of office space, and almost 600 hotel rooms.
Developers are building smaller projects as well. In December, Bolour & Associates picked up a three-acre development site near the De Soto property with designs in hand for a 380-unit residential project.
The 190-unit proposed complex is the second large retirement home planned in the area. South Bay Partners and LAMB Properties are collaborating on a 420,000-square-foot senior living complex at a Variel Avenue development site up the street.
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