[[{“value”:”
**Wellpointe Inc. Acquires Warner Center Site for 100% Affordable Housing Development**
Wellpointe Inc., through a property-holding affiliate, has acquired a 4.71-acre site located at 6400 Canoga Avenue in Woodland Hills. This acquisition marks a significant step in the company’s plan to develop a 100% affordable, mixed-use housing community in Warner Center, a rapidly transforming area within the San Fernando Valley.
Previously owned by Sandstone Properties, the site had been tied to ambitious plans for a 650-unit, 35-story market-rate apartment tower and a four-story, 240-key luxury hotel. Wellpointe’s acquisition signals a strategic pivot toward an entirely different approach focused on affordability and community-driven development.
“6400 Canoga Ave. and the Warner Center offer a unique opportunity to deliver quality housing at scale with a focus on affordability,” said George Kutnerian, co-founder, president, and CEO of Wellpointe Inc. “This acquisition reflects our intent to pursue a strategy that supports access to high-density, quality housing and social infrastructure that is complementary to the area’s transformation.”
The development is expected to align with Warner Center’s ongoing evolution into a vibrant urban district that balances residential, commercial, and recreational uses—all while promoting inclusive and sustainable housing solutions.
“}]]
