The wrapping is off at the intersection of Lankershim Boulevard and Otsego Avenue, site of North Hollywood's L+O apartments.
The seven-story complex, developed by Camden Securities Company, spans an amorphous property which fronts Lankershim, Otsego, and Klump Avenue. The project, which is now leasing, includes a mix of studio, one-, and two-bedroom dwellings - with 25 set aside as deed-restricted affordable housing - above 26,000 square feet of retail space that has been leased by Whole Foods Market.
The contemporary podium-type building, designed by DE Architects, uses offset floor plans to create terrace balconies. The project also includes a podium courtyard with a swimming pool and a rooftop deck.
Rents at the property will range from $2,115 to $4,105, according to a project website.
Recent years have seen the construction of several similar mixed-use buildings near Metro's North Hollywood Station, which is located three blocks north at Chandler Boulevard.
In 2019, Greystar completed construction of a 329-unit apartment complex called The Weddington, while Richman Group broke ground on a 127-unit development at 5401 Lankershim Boulevard.
The largest development - called District NoHo - is slated for the land now used for the Metro station's park-and-ride lot. The $1-billion project calls for the construction of multiple high-rise and low-rise buildings containing offices, retail, and housing.
- Lankershim + Otsego (Urbanize LA)