Trammell Crow Company has filed permits for a substantial new mixed-use development at 5500 Lankershim Boulevard in North Hollywood, strategically located adjacent to the bustling NoHo Arts District Metro Station. This $180 million project is designed to be a significant addition to the area's transit-oriented growth, proposing a 7-story complex that integrates residential, office, and retail components into a cohesive urban environment.
The development envisions 350 modern apartment units, aiming to cater to the diverse housing needs of the NoHo community, from young professionals to families. In addition to residential offerings, the complex will feature 20,000 square feet of creative office space, reflecting the neighborhood's artistic and entrepreneurial spirit. This office component is expected to attract innovative businesses, fostering a dynamic work-live-play atmosphere.
Further enhancing the project's appeal, 10,000 square feet of ground-floor retail is planned, intended to activate the street front and provide convenient services and dining options for residents and commuters alike. The proximity to the Metro station underscores the project's commitment to sustainable urban living, encouraging public transit use. As the NoHo Arts District continues its revitalization, Trammell Crow's filing signals another major investment in the neighborhood's future as a vibrant cultural and residential hub.
