2007, and planned to erect 350 condominiums on the 8.3-acre site. In April 2009, JPI defaulted on its loan of $41.8 million and the property was seized by Bank of America. The current owner is John Stanek of The Jefferson Project who has received preliminary approval May 27, 2011 for a mixed-use development consisting of retail shops and a maximum of 340 dwelling units. The project began in 2012, and remained under construction in 2013. As-of early 2014, the site at 20600 Ventura Blvd. consists of an apartment complex and live + work lofts called "The Boulevard" that had a planned opening date of Spring 2014. References Music venues in Los Angeles Theatres in Los Angeles Buildings and structures in the San Fernando Valley Theatres completed in 1963 Demolished theatres in California History of the San Fernando Valley Concrete shell structures Modernist architecture in California Woodland Hills, Los Angeles 1963 establishments in California 2007 disestablishments in California Buildings and structures demolished in 2007