IMT Capital Plans Multifamily Development in Van Nuys
Los Angeles-based developer IMT Capital has filed plans with the City of Los Angeles for a new multifamily residential development in Van Nuys. The project, which is slated for a 1.22-acre site at 6500 N. Sepulveda Boulevard, would consist of a podium-style building featuring 160 residential units - including seven for very low income households - in addition to 274 automobile parking spaces and 176 bicycle parking stalls. A rendering from the IMT website portrays a contemporary six-story structure.