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The future of Westwood Village

The future of Westwood Village . For years the Village has been caught between anti development vs. development. These changes affect surrounding communities around UCLA including  Holmby Hills, Bel Air, Westwood Hills, The Wilshire Corridor, etc. Learn more about what is being proposed for the area.

UCLA has a proposed project which designates five sites for new construction across the Westwood campus allowing the university to meet the capacity promised by its 2016-2026 Student Housing Plan .There are more than 47,000 residents within a 3 mile radius .https://en.wikipedia.org/wiki/Westwood,_Los_Angeles https://urbanize.la/post/ucla-plans-major-expansion-student-housing-capacity

Fortunately, through neighborhood councils, residents are talking about their desire to retain the small town feel of Westwood Village vs. the new proposals for more housing. In addition,the metro station purple line and the Olympic games are coming. The future of Westwood Village includes the Armand Hammer Museum expanding. Therefore, these developments will bring more traffic and interest in the area. https://la.curbed.com/2017/1/26/14387852/hammer-museum-expansion-wilshire-renovation

Firstly, Westwood Village is surrounded by million dollar properties on all sides. The Wilshire Corridor, Little Holmby, Westwood Hills, Bel Air, to name a few. There is a lot of wealth and disposable income in the area. This is very appealing to developers. There are UCLA students and faculty. Recently at a neighborhood homeowner meeting, (October 2017 HWPOA) a UCLA  representative stated that “most students don’t bring their cars to campus.” The UCLA representative states that the new housing would not increase traffic concerns . read more…http://dailybruin.com/2017/03/12/ucla-to-propose-new-dorms-apartments-to-match-enrollment-increase/ 

Secondly, The future of Westwood Village has been surrounded by controversy about development. The Casden project, developed  many years ago, received a lot of resistance to a large project in the Village. Once approved, it provided more housing, Trader Joe’s, parking , other retailers and restaurants for the Village. In addition, the former Bullocks location houses  “supersize” Ralph’s ,parking and City Target. The increase in parking spaces helped bring more residents to the Village. Conclusively, these are all very successful projects today. Specifically, neighbors have stated even more parking would be welcome! see more..http://dailybruin.com/2004/03/11/casden-project-approved/

Also noteworthy, developers see that it could be a larger booming retail, shopping, and restaurant mecca. Historically students have not been big spenders to support retail. Interestingly, the development of City Target and Ralph’s draws large numbers of students and residents. Not Surprisingly, Trader Joe’s and its neighboring fast food stores are thriving. The project’s parking lot  is a convenience.  Specifically residents have stated that part of the lack of shopping in other parts of Westwood is due to difficulty finding parking with ease .

Thirdly neighbors and community councils have mixed feelings about retaining the small town feel the village exudes. Some residents want many more restaurants.  Residents are concerned about high rise versus low rise, traffic, over development, parking etc. Community organizations are actively discussing the proposed projects.  learn more…http://dailybruin.com/2017/09/27/ucla-students-local-residents-argue-over-proposal-to-increase-housing/

Uniquely, Westwood Village still retains a small town feel. Thursdays draw in locals and people working in the community at the Farmers Market. Surprisingly the area still has historic buildings and many low rise buildings contributing to the era gone by landmarks that sustain memories of the past.

In summary, residents question how the new UCLA proposed 20 story tower would impact the village?  http://dailybruin.com/2017/10/04/westwood-residents-concerned-over-proposals-for-new-student-housing/   Lastly, How do you feel about all the proposed future changes? What would you like to see happen?

For all your real estate needs contact https://www.caronschwartz.com  310-383-0831

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