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    You are at:Home»Retail Ruses»Five-story, 119-unit retail development completed in North Hollywood
    Retail Ruses

    Five-story, 119-unit retail development completed in North Hollywood

    administratorBy administratorJuly 25, 2025022 Mins Read
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    Ah, North Hollywood—the land of dreams and, apparently, rebar. Yes, that’s right! What once was the beloved dance studio of Debbie Reynolds has turned into a veritable forest of metal cages, ready to house multifamily residences and a nostalgic whiff of commercial uses. Because who needs memories of old Hollywood when you can have a five-story apartment complex instead?


    Construction at 6500 Lankershim BoulevardUrbanize LA

    Enter the Elevado Group, a development firm from Encino. Last year, they expertly navigated the complex world of red tape to gain approval for a state-of-the-art, five-story apartment complex. With a dazzling 119 units nestled right at the corner of 6500 N. Lankershim Boulevard, who could resist such a luxurious abode? Followed, of course, by a mere 4,800 square feet of ground-floor retail space—because nothing screams “class” like shopping right beneath your neighbors’ living room windows.

    The crux of the plan? A glorious 185 parking spaces in a semi-subterranean garage! Which really just means they’re half-heartedly trying to hide the fact that it’s all about cramming as much into this lot as possible. You know, just enough to keep your parents from visiting because there’s “no room” for their oversized SUV.

    These project entitlements leverage the oh-so-enlightened Transit Oriented Communities affordable housing incentives—which, if you’re wondering, is a fancy way of saying we might as well build taller while promising a few affordable units. In this case, 10 of the apartments will be reserved for extremely low-income households. What a deal! It’s like a lottery, but with less glamour and more concrete.

    And let’s not forget the team behind the curtain: Corbel Architects shakes hands with contemporary design at a podium-type building that will undoubtedly stand as a monument to modern mediocrity. If you squint hard enough, you can almost see the ghosts of artistic integrity waving goodbye.


    6514 Lankershim BoulevardGoogle Maps

    Meanwhile, on a less grand but equally thrilling note, Elevado Group also developed a quaint little apartment complex at 5755 Tujunga Avenue. They really know how to keep the development pot boiling! But let’s take a moment to appreciate that they acquired the illustrious Lankershim Boulevard property back in 2017 for a whopping $6.1 million—money well spent on the future of apartment living and all its glorious inconveniences!

    119unit completed development Fivestory Hollywood North Retail
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