19500 Ventura Blvd's Redevelopment Reaches Midpoint and Leasing Begins for Class-A Medical Building

45,000-SF Tarzana Complex Among the Valley's first new Healthcare space since the pandemic began
By: HoytOrg
 
TARZANA, Calif. - Sept. 13, 2021 - PRLog -- Tarzana, CA  – The redevelopment of 19500 Ventura Blvd which is being transformed into a first-class medical professional building, has reached the halfway point marking a critical milestone that will lead to substantial completion by the end of 2021. Greenbridge Investment Partners, a full-service commercial real estate firm, is the project developer for the $4.5 million renovation.

With the projected on-time completion of the 45,000-square-foot complex, which features creative and contemporary design elements and space for on-site amenities, leasing has begun for both healthcare tenants as well as restaurant for 4,000 square feet of ground-floor space at the hard corner of Shirly and Ventura.

"Despite the pandemic's construction challenges, we're set for a timely completion without sacrificing the ambitious design elements that truly make this project special," said Steve Vasquez, asset manager of Greenbridge Investment Partners. "Elements such as a large open-air atrium, a living wall and ground-floor dining make this a very attractive location for both providers and their patients."

Designed by Harley Ellis Devereaux, a national architectural firm known for mission-driven design that supports world-class medical care, the redevelopment incorporates elements that create a calming and comforting patient experience. In addition to valet parking and 144 parking spaces that give patients ease of access, a large open-air atrium will provide outdoor seating, and the living wall will use greenery to frame the ground-floor walkways.

Mindful of how the pandemic has altered the needs of healthcare providers, the building will feature filtration systems, open hallways and open-air walkways. It is among the first new medical properties scheduled for completion in the post-pandemic era.

"Tarzana has become a hub for healthcare in the San Fernando Valley and this project provides much needed supply to meet the high demand, particularly among those seeking space near the Providence Cedars-Sinai Tarzana Medical Center," said Scott Romick, managing director and principal of Lee & Associates – LA North/Ventura. "As a full building renovation of everything from the façade to all new contemporary interiors and tenant community lounge areas, this property will be a magnet for medical professionals seeking an excellent location with a variety of amenities nearby."

The new $624 million Providence St. Joseph and Cedars-Sinai redevelopment project, which is located just 1.5 miles away, is expected to be completed in 2023.

Romick and Eugene Kim with Lee & Associates/LA North Ventura are handling leasing.

For more information on Greenbridge Investment partners, visit here: http://www.greenbridgemgmt.com/

For more information on Lee and Associates, visit here: https://www.lee-associates.com/
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Tags:Property
Industry:Real Estate
Location:Tarzana - California - United States
Subject:Projects
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