TCC Closes on Land in Los Angeles for Multifamily Development

Trammell Crow Company, a global real estate developer, closed on a 4.78-acre site in the San Fernando Valley and announced plans for a future residential development at the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit multifamily building, which is scheduled to deliver in 2027.

The project, which is estimated to break ground in early 2025, will rise five stories and wrap around an above-grade parking garage. Plans call for 40,000+ square feet of resident amenity space, featuring a state-of-the-art fitness center, a clubhouse, indoor/outdoor co-working areas, an outdoor pool and activated central courtyard, a dog spa and a dog run, and a rooftop deck with sweeping views of the valley. The development site is located on a surface parking lot within the popular Northridge Fashion Center Mall, the fourth largest mall in LA County with over 14 million annual visits.

“We believe that this is one of the best development sites right now in Los Angeles County,” said Alex Valente, Principal with High Street Residential. “The location is steps away from the highly activated Northridge Fashion Center Mall – an amenity in and of itself to our future residents. Once complete in 2027, this project will deliver much-needed housing to a vibrant community in Los Angeles, benefitting from the 170+ compelling food and beverage offerings and unique shops and retail experiences next door. We look forward to the next steps in the development process and to breaking ground in early 2025.”

TCA Architects Inc. is acting as the architect of record for the project. Other partners include BORDER as the landscape architect, CDC Designs, who is managing the interior design process, VCA Structural Engineers, and Parking Design Solutions.

The sale was brokered by Northmarq’s Los Angeles Multifamily Investment Sales team, consisting of Mike Smith, Jim Fisher, and Vince Norris.

Located at 9450 Shirley Avenue in Northridge, the site notably sits within the Northridge Fashion Center, and is located close to California State University Northridge, a top-ranked public university in California. The property is proximate to four major medical centers and is within a 30-minute drive of 1.3M jobs and 80M square feet of activated office space in LA County.