Per a case filing from the Los Angeles Department of City Planning, a nearly 4.5-acre collection of parcels in the San Fernando Valley's North Hills neighborhood is slated to give rise to a large residential development.

The project, located at the intersection of Sepulveda Boulevard and Rayen Street, would create a total of 364 residential units, including 44 set aside for very low income households.  Plans call for a variable height structure, standing two-to-three stories on certain parts of the development site and rising four-to-five stories on others.

The proposal would require a zone change for a portion o f the site which is currently in use as a plant nursery.  Density bonus incentives have also been requested in exchange for reserving 11% of the new building's units as affordable housing.

According to city records, the project's developer is a limited liability company linked to the principal of Glendale-based real estate frm Metro Iinvestments, which focuses on infill developments throughout Southern California.

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This Week in Leases - June 23, 2018

Two advertising studios make moves in DTLA and Park Mile.

ROW DTLA, located at the border of the Arts District and Industrial District in Downtown Los Angeles, has announced that creative advertising studio WC+A has signed a lease for 12,000 square feet of office space at the complex.