An Encino retail landlord wants to switch things up and convert a strip mall into offices.
Ira Pouratian, the Beverly Hills-based owner of 17287 W. Ventura Boulevard, filed plans with the city on Monday to convert the corner strip mall. The complex is about 83,000 square feet.
Current tenants include a Crossfit gym, Christies Real Estate office, Subway, and a “children’s fitness center,” according to signage dating from early last year. Pouratian’s family trust purchased the complex in 2005 from Nim Enterprises, an Encino-based company.
Encino has seen more residential development recently than office or retail, including on Ventura Boulevard. Less than a half mile away at 17017 W. Ventura Boulevard, TriStar Realty Group is planning an assisted living and health club complex.
And despite her legal troubles over alleged financing of the sex cult Nxivm, Seagram beverage company heir Clare Bronfman is planning a five-story, 46-unit residential building at 4717 N. Libbit Avenue.
Source: The Real Deal Los Angeles