Residential development is heating up in North Hollywood; here comes one more project

An 84-unit apartment building could rise along a stretch that would offer city incentives to the developers

TRD LOS ANGELES /
Jun.June 10, 2019 05:00 PM
Strategic Legacy Vice President Michael Sabet and a rendering of 11410 W. Burbank Boulevard
Strategic Legacy Vice President Michael Sabet and a rendering of 11410 W. Burbank Boulevard

A Downtown Los Angeles developer and Tokyo-based investor are looking to build an 84-unit apartment complex in North Hollywood, in an area that has seen a flurry of development and that provides city incentives.

Strategic Legacy Investment Group and Sanei Architecture Planning Co. Ltd are eyeing the project for 11410-11420 W. Burbank Boulevard, according to the filing. They seek approval to demolish the existing commercial and residential construction.

Sanei Architecture purchased the property last July for $5 million and gave Strategic Legacy the right to develop the property a short time later.

It is near a Lankershim Boulevard office building where WeWork is opening a new outpost. It’s also less than a half mile from the Metro Red Line’s North Hollywood Station, which allowed Strategic Legacy to boost unit count and through the city’s Transit-Oriented Communities program.

Strategic Legacy plans to boost density, height, and reduce setbacks in exchange for reserving nine units as affordable through the city program.

Other multifamily developers are also hot on North Hollywood. Investor Alan Kleinman is planning a 119-unit project north of Strategic Legacy’s site, at the site of Debbie Reynolds’ famous dance studio on Lankershim Boulevard. Not far from there, Sherman Oaks-based investor Nir Paz wants to build a 65-unit project.


Related Articles

arrow_forward_ios
City Attorney Mike Feuer, and Dan Yukelson

SoCal landlords file court injunction to end LA’s eviction ban

SoCal landlords file court injunction to end LA’s eviction ban
West 8th Avenue on South Park View Street (Credit: Google Maps)

John Safi plans 264-unit project in Westlake

John Safi plans 264-unit project in Westlake
2716-2724 West James M. Woods Boulevard (Credit: Google Maps)

Multifamily investor files plans for 58-unit complex in MacArthur Park

Multifamily investor files plans for 58-unit complex in MacArthur Park
Michael Rosenfeld,,Simon Reuben and David Reuben, with a rendering of Century Plaza (Credit: Presley Ann/Getty Images, and Dave Benett/Getty Images)

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza
AvalonBay Communities CEO Timothy J. Naughton, TA Realty Managing Partner James O. Buckingham, and Avalon Venice

TA Realty pays $65M for luxury Venice apartment complex

TA Realty pays $65M for luxury Venice apartment complex
Ken Kahan and  Ari Kahan of California Landmark Group and the site (Credit: Glenn Koenig/Los Angeles Times via Getty Images, and Google Maps)

California Landmark moves on 112-unit development outside Culver City

California Landmark moves on 112-unit development outside Culver City
The 97-unit complex (Credit: Google Maps)

In San Fernando Valley, 97-unit complex sells for $26M

In San Fernando Valley, 97-unit complex sells for $26M
Renters and housing advocates attend a protest to cancel rent and avoid evictions in front of the court house in Los Angeles (Credit: VALERIE MACON/AFP via Getty Images)

Statewide eviction moratorium extension would require partial tenant payments

Statewide eviction moratorium extension would require partial tenant payments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...