Articles about Robert Khodadadian from Commercial Observer, New York’s authority on commercial real estate leasing, financing, deals and culture.
After initially setting out to build a high-rise hotel complex in Glendale, Calif., Onni Group has opted to reform its twin developments into apartment towers instead.
Unveiled Nov. 14 at the Glendale City Council meeting, the new design plans call for two 36-story buildings at 601 North Brand Boulevard just south of the 134 Freeway, together featuring 858 one- and two-bedroom units and 5,600 square feet of ground-floor retail space. The towers, designed by Chicago-based firm Solomon Cordwell Buenz, would be the tallest buildings in Glendale at 380 feet.
The plan from Vancouver-based Onni Group is subject to Glendale’s inclusionary housing requirement, meaning that 129 of the units will be designated as affordable housing for very-low-income tenants, according to Urbanize LA. It also makes the development eligible for density bonus incentives, which would allow for waivers for certain zoning requirements.
There are still several hurdles for the project to clear before full approval, including evaluation by the city’s Design Review Board.
Onni did not respond to a request for comment.
The project is not the first high-rise to be proposed in Glendale in recent years. Cimmarusti Development’s 24-story, 294-unit residential high-rise, dubbed Lucia Park, is set just east of Brand Boulevard at 625 North Maryland Avenue. The project is expected to be finished by summer 2025, according to an environmental assessment released by the city’s planning division in 2022.
Nick Trombola can be reached at NTrombola@commercialobserver.com.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease
Channel, Construction, Design + Construction, Development, Mixed-use, 601 North Brand Boulevard, 625 North Maryland Avenue, Lucia Park, California, Southern California, Cimmarusti Development, Onni Group, Solomon Cordwell Buenz Read MoreCommercial ObserverAfter initially setting out to build a high-rise hotel complex in Glendale, Calif., Onni Group has opted to reform its twin developments into apartment towers instead. Unveiled Nov. 14 at the Glendale City Council meeting, the new design plans call for two 36-story buildings at 601 North Brand Boulevard just south of the 134 Freeway,