Trammell Crow Company (TCC) closed on a 4.78-acre site in Northridge, with plans for a future residential development at the Northridge Fashion Center. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit multifamily building, scheduled to deliver in 2027.
The development will be known as Residences at Northridge. The property boasts 4.78 acres within walking distance to an abundance of dining, entertainment and shopping. Located at 9450 Shirley Avenue, the development site is located on a surface parking lot within Northridge Fashion Center Mall, the fourth largest mall in Los Angeles County with more than 14 million annual visits.
Residents will enjoy a perfect balance between urban and suburban living with the ability to quickly commute to the San Fernando Valley’s multiple employment hubs. Planned apartment amenities include: In-suite washer/dryer, wood-style flooring, stainless steel appliances, large kitchen with island, quartz counters and Nest thermostats. Planned community amenities include: Resident clubroom, fitness center, indoor and outdoor lounges, roof deck terrace, BBQ area, three courtyards, pool and spa.
“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.”
The sale was brokered by Northmarq’s Los Angeles Multifamily Investment Sales team of Mike Smith, Jim Fisher and Vince Norris.
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of March 31, 2024, TCC had $18.8 billion of projects in process and $12.8 billion in its pipeline. It employs 650 professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential.
