Warner Center to get $75-million apartment complex

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Construction will start this month on a $75-million apartment complex in Warner Center, developer Wood Partners said.

The first of 298 units will be ready in early 2012, the Atlanta-based developer said. The complex, called Warner Park, will be built at 6701 and 6703 Eton Ave. in the San Fernando Valley’s Warner Center neighborhood.

The neighborhood saw substantial apartment construction in 2007-’09, but few new units have hit the market since then, according to Wood Partners.

“Our Warner Park development is occurring at an ideal time,” announced Brian Hansen, the company’s director of development for Southern California. “We will be building during a favorable construction market, delivering when all the supply of 2007-2010 in Warner Center has been absorbed and competing against limited new supply.”

-- Roger Vincent