CANOGA PARK, Calif. – October 10, 2017 – (RealEstateRama) — McCormick Construction, in conjunction with developer, Evolution Strategic Partners, has announced the groundbreaking of Evolution Warner Center, a 277-unit luxury residential multifamily development. The 426,000-square-foot, transit-oriented development is located at 6606 N. Variel Ave. in the heart of the Warner Center neighborhood. Construction cost is estimated at nearly $60 million.
The new development is timely as it will serve the growing population of the area, easing traffic congestion from the populous downtown Los Angeles area and providing more walkability and accessibility to the nearby Orange Line. The complex is located near the 34-acre Promenade Mall, the Kaiser Permanente Hospital, the 1.1 million-square-foot Warner Center Business Park and the 1.89 million-square-foot Warner Center Plaza.
Additionally, the development provides increased housing opportunities for the nearby San Fernando Valley, which comprises a mix of businesses in aerospace, health care, financial and professional services industries.