Later this year, Midwood Investment & Development is expected to open an upscale retail center at the former site of the Sportsmen's Lodge hotel's banquet hall in Studio City.  Now, New York-based real estate firm is shedding light on its plans for the rest of the landmark property at Ventura Boulevard and Coldwater Canyon.

Rendering of the Residences at Sportsmen's Lodge from across the L.A. RiverKilograph

The Los Angeles Times reports that the 190-room hotel, built just south of the Los Angeles River in the 1960s, is slated to make way for a new apartment complex called the Residences at Sportsmen's Lodge.  Plans call for three buildings, ranging from three to seven stories in height, featuring a total of 520 studio, one-, and two-bedroom apartments - including 78 units of deed-restricted affordable housing.

At street level, the project would include new retail and restaurant space that would flow into the neighboring Shops at Sportsmen's Lodge, which is anchored by an Erewhon market.  Below ground, parking for 1,385 vehicles would be provided in a garage.

Marmol Radziner is designing the new development, which would incorporate elements of Mid-century Modern architecture.  The nearly six-acre site would also include publicly accessible open space and a pedestrian path connecting Ventura Boulevard to the L.A. River.

The Times reports that project, which combined with the Shops will cost $500 million, is expected to take two years to move through the city's entitlement process.

The Sportsmen's LodgeGoogle Maps

While the global pandemic has hit the tourism industry hard, the Sportsmen's Lodge hotel had been kept afloat in recent months through Project Roomkey, which leased the empty rooms to provide shelter for unhoused residents considered to be at high risk of contracting coronavirus.  But with federal funding for the program drying up, that run came to an end in July, leaving some of the hotel's occupants in limbo.  The Times reports that the bulk of the hotel's business comes from visitors to nearby Universal Studios, which was also closed for much of the pandemic.