HVS Brokerage & Advisory has actually been specifically maintained to obtain deals to acquire the charge easy interest in the Lankershim hotel Development Site, a combined 0.57 acres amongst 4 parcels situated at 5041–5057 Lankershim Boulevard in North Hollywood, California. This offering provides a chance to get a totally entitled website authorized for the advancement of a 148- essential hotel in among the fastest growing Los Angeles areas, NoHo’s significantly stylish Arts District.
Located on the northwest corner of Lankershim Boulevard and Hesby Street, the website gain from its extremely noticeable and tactical area, with simple access to a plethora of regional need generators. This Burbank market is anchored by the home entertainment and mass-media markets however is likewise supported by the health care and expert services sectors. Close-by traveler destinations consist of Universal Studios Hollywood, the Griffith Observatory, the Hollywood Bowl, and the Hollywood Walk of Fame, to name a few.
SITE OVERVIEW
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) Address |
5041 -5057 Lankershim Boulevard, North Hollywood, California91601 |
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2353-010-007,2353-010 -008,2353-010-009, and2353 -010 -017 |
Total Land Area) |
25,021 square feet |
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Gross Building Area |
108,391 square feet (4.35:1 FAR) |
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Ownership Interest |
Fee simple |
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Zoning Designation |
C4( might be established with property usage permitted under C4 and R4 zones) |
) Proposed Building Details |
Approved for a mixed-use structure, consisting of a148- space hotel and 8, 900 square feet of restaurant/retail area |
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Parking |
85 onsite parking areas on the ground level and a below ground level, 9 areas with electrical automobile( EV) charging stations, and17 areas that will be EV all set |
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