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A proposed mixed-use building in North Hollywood will soon bring a 365 by Whole Foods Market to Lankershim Boulevard, the neighborhood's main commercial thoroughfare.

The Lankershim + Otsego development, named for its location at the corner of Lankershim Boulevard and Otsego Street, will consist of a seven-story building featuring 297 market rate and very low income apartments above approximately 24,000 square feet of ground-floor commercial space.  The 1.37-acre project site - which also includes a rectangular parcel fronting Klump Avenue - will bring a mixture of studio, one- and two-bedroom dwellings with amenities such as courtyards, a rooftop deck and a fitness center.

Hayes Capital Management, the Woodland Hills-based real estate firm behind the development, has tapped Santa Monica's DE Architects to design the podium-type building.  Renderings show a modern mid-rise structure, employing a variety of exterior finishes.  Lankershim + Otsego greets its namesake intersection with a small plaza for outdoor seating, overlooked by offset floor plans that create terrace balconies.

A timeline for the mixed-use development is currently unclear, although photographer Michael Hayes indicates that site preparation is already underway.

The subject property sits three blocks south of Metro's North Hollywood Station, where a host of similar developments are either planned or underway.

Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Hayes Capital Management
Image via Google Maps
Photo by Michael Hayes

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