The massive Farmers Insurance Office Complex in Simi Valley, which has been vacant since 2013, will become a mixed-use development called The Enclave after the Simi Valley City Council approved a zoning change.
The 12.8-acre property has buildings totaling 271,000 square feet, but those buildings will be torn down to make room for the development by Broadview Holdings SV, LLC, which will include 106 single-family residential units and 58 townhomes.
The project also includes 6,000 square feet of commercial space, with 4,800 square feet of the space dedicated for restaurants. Rob Devericks of The Radius Group is the leasing agent.
Simi Valley Councilwoman Ruth Luevanos cast the only dissenting vote Dec. 9. She raised concerns about the development not having enough housing units and said it would put additional pressure on future developments to include a higher volume of residences.
The property at 3039-3041 Cochran St. can hold up to 449 multifamily units.
The Farmers complex sold for $18.5 million in April to Province Group, a Newport Beach-based real estate development company.
Gary Stache, Melinda Russell, Mark Shaffer and Matthew Heyn of CBRE Group represented both the buyer and the seller, John Mitchell of LNR Partners LLC.
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