Wood Partners has recently opened one of its projects in the Los Angeles area, as the local residential market prepares to see a steady flow of new units being added to the market. The developer is now done with its latest San Fernando Valley luxury project, an endeavor that has cost Wood Partners approximately $75 million.
Warner Park is an upscale apartment community located at 6701 and 6703 Eton Avenue that will offer residents 298 units. The approximately four-acre site is located in an affluent area featuring well-performing retail centers near the Pacific Ocean. The community is within 25 miles of L.A.’s downtown area, and 20 miles east of Burbank, an area that provides entertainment jobs in the hottest media center in the entire world.
Construction on the complex began in August 2011, and its completion signals the dawn of a new wave of multifamily construction that will hit the market during the following months. That aspect of the development process was also mentioned by Wood Partners’ Director of Development for South California, Brian Hansen, in a press statement issued by the company. According to Hansen, Warner Park is occurring at an ideal time. He added, “It’s an attractive property with an exceptional location.”
The recently completed apartment building relies on the resident amenity package that includes in-room fixtures such as stainless steel appliances, vinyl flooring and granite countertops. A resort-style pool, a modern clubroom, a bar area, flat screen TVs with gaming consoles, an Internet café, a business center, Wi-Fi Internet access throughout the community and a state-of-the-art fitness facility are all part of the amenity package that Warner Park offers its residents.
Image courtesy of http://woodpartners.com