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.
- Big Residential-Retail Complex Planned on Lankershim Boulevard (Urbanize LA)
- Lankershim and Otsego (Hayes Capital Management)