Stream Realty is proud to present the opportunity to acquire 820 North Central Avenue in Glendale, CA. This 0.83 acre site is the former home to Conrad's Restaurant, which was a staple for the community for over 39 years. 820 N. Central is located in the Gateway District of the Downtown Specific Plan for the City of Glendale and is currently zoned DSP/GAT. The Gateway District features the most visibly noted skyline of Downtown Glendale with the focus of this area on continued promotion and location of corporate headquarters, new hotels, mixed use and residential.
This particular zoning allows a future developer to develop up to 18 stories in height for residential, office or hotel and up to 25 stories with incentives (up to a max 7.50 FAR). 250 units per acre is allowed by right, with a 35% incentive bonus available. However, there is no minimum height requirement.
The site sees an average of 23,894 cars per day and is surrounded by high-rise offices and hotels as well as recently built multi-family. With strong supporting demographics, this offering allows an investor to create their own vision for the site moving forward. This is an opportunity to develop in an urban core with 24-hour activity benefiting from the mix of uses.