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Tuesday, Aug 9, 2022
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Developer Seeks to Build 432 Apartments in NoHo

A developer wants to build 432 apartments as part of a proposed residential and retail complex in North Hollywood. According to a Department of City Planning document filed Feb. 7 by Don Hankey on behalf of Lankershim Crossing LLC, the mixed-use development, which would rise at 7940 N. Lankershim Blvd., would include 48 affordable units as well as 22,000 square feet of ground floor commercial space and 18,000 square feet of community and recreation room area. Among the desired entitlements, the developer is requesting a master conditional use permit for the sale and dispensing of alcoholic beverages for an approximately 14,000 square-foot retail store or pharmacy for off-site consumption and on the premises consumption for two approximately 4,000 square-foot restaurants. Based in Los Angeles, Hankey heads the Hankey Group, which has nearly 3,000 employees worldwide and includes a number of entities, including the 1982-founded real estate investment firm Hankey Investment Co. LP, which manages nearly $2 billion in assets and owns 3.3 million square feet of commercial property and 14.5 million square feet of urban development land in Southern California.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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