NEIGHBORHOOD WATCH: Developer Buys Last Large Land Tract Left in ...
RisMedia.com, CT - 3 hours ago
... It's the first time the 8.3-acre parcel, on what is known as Chalk Hill, has changed hands since the Jehovah's Witnesses bought it from Hope in 1974. ..
NEIGHBORHOOD WATCH: Developer Buys Last Large Land Tract Left in Los Angeles Neighborhood
The new owners, Troxler Residential Ventures XXVI and D2 Development Inc., plan a multifamily community on the site. The hillside parcel, at 20600 Ventura Blvd., is adjacent to an upscale apartment complex and across the street from a new auto dealership and a housing development for the elderly that is in the midst of construction.
John Battle, a principal at Lee & Associates-LA North/Ventura Inc., who represented both parties, said the deal wraps up the future of a last big chunk of land along the boulevard, a main artery of commerce and entertainment, in the south Valley. .......................................
Battle said the listing never hit the market. The church had formed a committee to explore the property's sale, and he heard about it from a client, then matched Troxler/D2 Development with the committee. ..........
.........Neither a church committee member nor officials at D2 returned calls seeking comment. But Gordon Murley, vice chairman of the Woodland Hills Warner Center Neighborhood Council and president of the Woodland Hills Homeowners Organization, said the developer indicated that plans call for a condominium project of several hundred units with a commercial component.
Ed;There you have it folks,the Watchtower worldwide real estate ripoff racket...Not even one food pantry for the poor and needy OR even their own poor and needy.[James 1:27]