{"id":4817,"date":"2023-10-23T10:26:07","date_gmt":"2023-10-23T10:26:07","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=4817"},"modified":"2023-10-23T10:26:07","modified_gmt":"2023-10-23T10:26:07","slug":"great-american-capital-to-replace-gym-with-self-storage-in-chatsworth-ca","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/great-american-capital-to-replace-gym-with-self-storage-in-chatsworth-ca\/","title":{"rendered":"Great American Capital to Replace Gym With Self-Storage in Chatsworth, CA"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<figure style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" src=\"https:\/\/static.therealdeal.com\/wp-content\/uploads\/2023\/10\/Great-American-Capital-to-Build-Self-Storage-in-Chatsworth_Main-1400x875.jpg\" alt=\"Great American Capital to Build Self-Storage in Chatsworth\" width=\"600\" height=\"375\" \/><figcaption class=\"wp-caption-text\">Plans for 9129 and 9143 North De Soto Avenue in LA (LA City Planning)<\/figcaption><\/figure><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Development firm Great American Capital in Las Vegas plans to convert an old LA Fitness location in Chatsworth into a three-building self-storage facility, The Real Deal has learned. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The property, at 9129 and 9143 North De Soto Avenue, would become a complex totaling 108,800 square feet, according to documents filed with the Los Angeles City Planning Department. The company that owns the property, Kids from the Valley X LLC, is controlled by Steve Needleman, according to a deed from earlier this month. Needleman is a developer and the head of Anjac Fashion Buildings, a major landlord in the Downtown Los Angeles market. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The largest structure in the planned complex is a three-story, 81,300-square-foot building near the corner of De Soto Avenue and Nordoff Street. The proposed compound will also include two one-story properties totaling 27,600 square feet. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The property was previously leased to LA Fitness. It\u2019s unclear when the gym vacated the space; however, reviews on the facility\u2019s Yelp page show that it closed down for renovations in 2019. LA Fitness signed a lease for the space in November of 2016, records show.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The project adds to the pipeline of self-storage facilities in Los Angeles. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">In December, Chicago firm Banner Real Estate Group filed plans for a three-story, 158,000-square-foot self storage facility at 20401 West Ventura Boulevard in Woodland Hills. The project wiped out the previous owner\u2019s plans for a 149-key hotel at the site. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Hong Kong firm Gaw Capital, meanwhile, proposed a housing and self-storage complex in Cypress Park. The project, located at 3200 and 3220 North Figueroa Street, will consist of a 160-unit residential complex and a 106,800-square-foot self-storage facility. <\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Baranof Holdings, a Dallas-based self-storage developer, filed plans this summer to build a facility in Hollywood that could serve as a film vault for media companies, as well as a repository for household goods.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/therealdeal.com\/la\/2023\/10\/17\/great-american-capital-to-build-self-storage-in-chatsworth\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Development firm Great American Capital in Las Vegas plans to convert an old LA Fitness location in Chatsworth into a three-building self-storage facility, The Real Deal has learned. The property, at 9129 and 9143 North De Soto Avenue, would become a complex totaling 108,800 square feet, according to documents filed with the Los Angeles City Planning Department. The company that owns the property, Kids from the Valley X LLC, is controlled by Steve Needleman, according to a deed from earlier this month. Needleman is a developer and the head of&hellip;<\/p>\n","protected":false},"author":13,"featured_media":4818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4817"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=4817"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4817\/revisions"}],"predecessor-version":[{"id":4819,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4817\/revisions\/4819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/4818"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=4817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=4817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=4817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}