Jul 30, 2014

Movietown Plaza Redevelopment Makes a Comeback

A new developer has stepped in to revive the stalled project.

Movietown Plaza Redevelopment Makes a Comeback

Developer Avalon Bay Communities has taken over the dormant Movietown Plaza expansion project, Curbed L.A. reported.

The number of units will stay the same, but the units will be smaller and the project will be going from mostly condos to all rentals. Commercial space will be downsized from 32,300 square feet to 26,000 square feet and there'll still be 77 units of affordable senior housing.

Casden Properties, the developer that originated the project and received West Hollywood City Council approval in 2010, planned to build two 10-story towers. Avalon has downsized the project to two seven-story towers.

Just prior to groundbreaking last year Casden became embroiled in a partnership dispute, and most of its projects were made availble for sale to other developers.

The strip mall that currently occupies the Movietown site on Santa Monica Boulevard between Fuller Avenue and Poinsettia Place is mostly vacant except for Trader Joe's and a couple of other businesses.

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