An environmental study published by the City of Los Angeles offers up new details on Sun Valley's Lankershim Crossing development.
The project, a joint venture between Summerland Partners and Hankey Investment Company, is slated for a roughly 4.5-acre site at the southeast corner of Lankershim Boulevard and Strathern Avenue. Plans filed in February 2019 with the City of Los Angeles call for razing a series of small existing buildings to make way for a seven-story complex containing 432 one-, two-, and three-bedroom apartments, including 48 units of deed-restricted affordable housing. Other components of the proposed development include 22,000 square feet of ground-floor commercial space and a 541-car garage.
Architect Kamran Tabrizi is designing Lankershim Crossing, which is depicted as a contemporary podium-type building highlighted by a series of boxy protrusions. Plans call for a slew of on-site amenities, including a pool, a spa, a playground, and a community room.
Requested entitlements for the project, which will require the approval of the Los Angeles City Council, include a zone change and master conditional use permit for on-site alcohol sales.
The project's environmental study indicates that construction is expected to occur over approximately 36 months, with completion anticipated in 2023.
The project is the latest in a series of developments built by Hankey and Summerland Partners. Past collaborations include the Art Set NoHo apartments in North Hollywood.
Hankey is also developing several large mixed-use projects in Koreatown, including a 490-apartment complex near the Vermont/Beverly Metro station and the 25-story Kurve on Wilshire tower.