The owner of the IMT Sherman Oaks Project sells another local property.
IMT Sherman Oaks Project owner sells neighboring Proerty Ashton Village
IMT sold 2 of it’s projects in the community to out of state investors. This puts into serious question the sincerity of the company to be a good neighbor. In their slick promotional video IMT talks about wanting to make “their” community a better place. But by these actions it seems that their real end game is merely to develop as much as they can and profit as much as they can at any cost to the neighbors. The unique Brutalist Architecture of the Sunkist Building is going to be completely obscured by the monolithic mass density of the proposed building which sits mere feet from the street.
SFVBJ reports on the transaction.
Last week, SOHA met with two principle owners of IMT to discuss the community’s concerns with IMT’s current proposal for the Sunkist ICON project or as their website calls it, IMT Sherman Oaks Project, which would require numerous zone changes and amendments to the city general plan. Due to the exemptions IMT is seeking, Sherman Oaks, through SOHA and our representative David Ryu, has input into what is actually developed. The main concerns are a significant increase in Traffic, dysfunctional Parking, vastly out- of-character Density, Poor Aesthetics and a huge negative impact on our infrastructure ie: utilities, police, fire, roads etc. While IMT’s reps noted the current plan does incorporate SOME mitigations to our community concerns (and we acknowledged these changes are appreciated); however, there still remain great concerns that as currently designed, this project will NOT be a positive asset to our neighborhood. Further meetings with IMT’s architects and those who will be planning traffic mitigations will be held to determine what can be done. In addition, we stated that the current Draft EIR insufficiently addresses many of the true environmental concerns, in particular the massive increase in traffic that will undoubtedly occur . We are hopeful that IMT will make the IMT Sherman Oaks Project a good neighbor and address these concerns in good faith, taking action to facilitate an acceptable solution in building a development that benefits, not harms, Sherman Oaks.