A Beverly Hills-based developer wants to build a five-story mixed-use complex on the corner of Riverside Drive and Lankershim Boulevard in North Hollywood.
Fred Delijani, of the Delijani family behind the Broadway Theater redevelopments, filed plans Thursday for a 179-unit apartment building with 5,684 square feet of commercial space, city documents show.
A six-story office building currently sits on the 1.8-acre site at 10850 West Riverside Drive, but it’s under renovation, according to a spokesperson at Delson Investment, owned by the Delijani’s family. It’s unclear whether the residential units would be part of this property.
The Class C commercial building only has one tenant right now, the spokesperson told The Real Deal. Delijani acquired it in 2013, according to CoStar.
Of the 179 units proposed, eight would be reserved for very low-income households as part of Delijani’s density bonus request.
The Delijani family owns four historic theaters on Broadway, including the Los Angeles Theater, and has poured millions into their renovations since the late 1980s.
Last month, developer Leon Kaplan filed plans for 23 condos in NoHo, on the corner of Cartwright Avenue and Chandler Bikeway.