The Glen At Valley Glen started as old, blighted apartment buildings in Valley Glen along Victory Blvd. The former apartment buildings were home to criminals and drug dealers. The developer saw opportunity in the purchase and redevelopment of this large multi unit area.
At the rezoning hearing, opposition had softened from people who were nay saying. Now they were simply putting conditions on how the project would be carried out and what features would be allowed at The Glen. This would be a project that would be nothing but good for this area that was already being reinvented over in the NoHo arts district.
The mastermind of the complex was familiar with the area, and saw where it was going. He personally oversaw the rebuilding of multiple homes into first rate luxury mansions just a few blocks away from this building site.
While more and more people move into Los Angeles, Real Estate becomes a more valuable commodity. High density housing, atop mixed use retail and office is the clear solution to urban sprawl and high priced single family residences. Downtown Los Angeles is repurposing old buildings.
But at The Glen At Valley Glen, they have the ability to start new. So the construction is new, underground parking is required to be provided by the zoning department, and overcrowded street parking is a non issue.
Some nearby older condo owners are upset about the amount of traffic it will cause. What they do not see is that they will not need to drive nearly as much, because so many new businesses will be moving in. And, all of the future owners of the new condos at The Glen will need to drive much less also. Plus, the comparable sales for the new condos will help bring up the price and desirability of their own older units. If anyone wants to sell their nearby single family homes or condos because of this development, I would be happy to help!
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