Luxury residential builder FMB Development announced Monday that it will break ground on a new multifamily property at 11436 W. Hatteras St. in the heart of North Hollywood. The five-story mixed-use complex will feature 28 luxury units and 450 square feet of ground-floor retail space. Los Angeles-based FMB is partnering with Build 4 You, an L.A.-stationed general construction, remodeling and home improvement company, on the project. “We are proud to be partnering with FMB Development on another successful project in North Hollywood,” said Build 4 You President Yossi Perez in a statement. “FMB Development’s new property on Hatteras Street will contribute to the vibrant North Hollywood area – a treasured enclave of arts and culture,” FMB Chief Executive Ilan Kenig said in a statement. “This project is designed to reflect the rich culture and elegance of North Hollywood, while offering neighbors sought-after retail and residents the signature comfort and luxury of FMB properties.” Each residential floor at the residential complex, just a few minutes walking distance from the NoHo Arts District and Metro Red Line, will feature seven two-bedroom apartments.