Those on their way to Home Depot on Variel may have seen the construction site for The Montecito (www.the-mont.com), billed as a luxury condominium complex located at 6203 Variel. Initially I remember signs hanging outside the building saying they were going to list their 2 and 3 bedroom units starting in the high 600k region. Later prices seemed lower at the website. Now no prices are listed on the web. There's just a contact form. The builder may have realized with plenty of units right off Warner Center Park available in some older complexes for nearly $100k less it's a hard sell for units overlooking the loading docks at Home Depot and the surrounding office space.
With all the condo development nearby (more than 4000 units will open in the next two years) the crush to get into this area continues. The question remains if surrounding resources (roads, parking, etc.) can handle this influx of population.
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