SOURCE: Wood Partners

Wood Partners

October 29, 2013 14:58 ET

Wood Partners Opens Warner Park Luxury Apartment Community to Meet Pent-Up Demand for Multifamily Living

The $75 Million, 298-Unit Complex in the Woodland Hills District of Los Angeles Features Ideal Location and Top-Shelf Amenities

WOODLAND HILLS, CA--(Marketwired - Oct 29, 2013) -  Wood Partners announces the grand opening of the $75 million Warner Park luxury apartment community, an amenity-rich project within walking distance of thriving retail centers and close to the Pacific Ocean and a host of recreational opportunities.

The 298-unit complex, evenly divided between one- and two-bedroom units, is located on four-plus acres at 6701 and 6703 Eton Avenue in the Warner Center section of Canoga Park in the San Fernando Valley. It is just 25 miles from downtown Los Angeles, 20 miles east of Burbank, a major source of media-related jobs, and 16 miles from the biotech, high-tech, healthcare and insurance employment opportunities along the busy Route 101 corridor.

"Warner Park is one of the many west coast communities where we have taken a fresh approach to the design and development process while sourcing new talent in an effort to bring something unique into the market," said Frank Middleton, Wood Partners' western regional director.

Apartment construction in Los Angeles virtually shut down over the past few years, so Warner Park is one of the first of a wave of multifamily rental properties in a vibrant area hungry for new rental product.

"Our Warner Park development is occurring at an ideal time," explained Brian Hansen, Wood Partners' director of development for Southern California. "It's an attractive property with an exceptional location."

Construction on Warner Park started in August 2011. The complex features an attractive exterior design with modern amenities as well as high-quality interior finishes such as granite countertops, stainless steel appliances and vinyl flooring. Other features include a resort-style pool; modern clubroom with bar area, televisions with gaming consoles; an Internet café; business center; universal Wi-Fi; and a state-of-the-art fitness center.

Retail centers such as the Westfield Promenade, a 56-store mall anchored by Macy's, and the upscale Westfield Topanga, anchored by Nordstrom and Neiman Marcus, are close by. The Westfield Group is planning an additional one-million-square-foot commercial development in the area with the first phase, which will include a Costco Wholesale membership warehouse, to be delivered by 2013.

Warner Park is less than 20 miles from the Pacific Ocean and within 10 miles of more than 10 excellent golf courses, including Woodland Hills Country Club, Lost Canyons Golf Club, and Braemar Country Club.

Other nearby recreational opportunities abound. Twenty-acre Warner Center Park is less than two miles away and the Woodland Hills Park & Recreation Center, a 19-acre park complex featuring an Olympic-sized pool and various sports programs such as baseball, basketball, flag football and softball, is also within two miles of the property.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It was ranked the nation's No. 2 multifamily developer in 2012 based on 5,100 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 47,000 homes with a combined value of more than $7.0 billion nationwide. The company currently owns 77 properties with a combined total of 20,200+ units. Wood Partners has offices in 16 major markets nationwide including Atlanta, Baltimore, Delray Beach, Boston, Charlotte, Dallas, Denver, Houston, New York, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn just more about Wood Partners, please visit our website