Summerland Partners plans 60-unit complex in NoHo

Hankey Investment is the lender

May.May 18, 2017 02:00 PM
Rendering of the project at 11511 Chandler Boulevard (Credit: Summerland Partners)

Los Angeles developer Summerland Partners Group wants to build a 60-unit, four-story multifamily complex in North Hollywood, city documents show.

The project would span over 46,000 square feet and require a zone change from commercial to heavy residential, according to its proposed mitigated negative declaration. The site at 11511 Chandler Boulevard contains eight empty lots.

Hankey Investment Company is a lender on the development, which was filed under the entity Chandler Art Centre LLC, a Summerland associate told The Real Deal while declining to make further comment.

Hankey could not be immediately reached.

Property records show that Summerland acquired the site for $1.8 million in late 2015.

Summerland boasts more than 40 projects in its portfolio, including a 26-unit complex at 4100 Wilshire Boulevard, which it completed in 2001, and the 64-unit building at 525 S. Berendo Street. In the pipeline, the firm has a condo development in the works at 6530 Sepulveda Boulevard in Van Nuys.

Related Articles

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando