WOODLAND HILLS, CA-The Western Region of the Houston-based Dinerstein Cos. has unveiled plans for a $130 million, 438-unit LEED Silver-certified luxury apartment project called the Millennium Warner Center that is slated to be ready for occupancy by summer of 2010. Josh Vasbinder, Beverly Hills-based West Coast partner with Dinerstein, tells GlobeSt.com that the company closed recently on the land purchase for the development and expects to begin construction later this year or early next year to meet the target opening date of summer 2010.

The new apartment complex, which is one of a number of projects that Dinerstein has in various stages of planning and development in Southern California, is along Kittridge Street between Eton and Variel avenues, near the major cross streets of Canoga Avenue and Vanowen Street. All of the California developments are being managed through the Beverly Hills office of Dinerstein, a privately held, third-generation family-owned company that has been in business for 56 years.

The Dinerstein development site is the location of the former Woodland Hills swap meet, which Dinerstein bought from private investors. The Millennium Warner Center will be a series of four-story buildings wrapped around four stories of parking, all of it above ground.

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