Studio City WELCOME HOME

A struggling office building in Studio City could see a mixed-use neighbor. Last week, plans were filed with the City of Los Angeles to construct a residential-retail development on the parking lot surrounding the seven-story structure at 10850 W. Riverside Drive. According to a case filing with the Department of City Planning, the proposed building would rise five stories, featuring 179 apartments and 5,685 square feet of ground-floor commercial space. According to the Real Deal LA, the project comes from local investor Fred Delijani, whose family is best known for owning several of the historic movie palaces along Downtown’s Broadway Corridor.

Adaptive re-use…in the Valley? Apparently so. According to an environmental notice published by LADCP last week, the mid-century office building at the southwest corner of Riverside Drive and Lankershim Boulevard is going condo. Plans from the Sterling Real Estate Group call for converting the seven-story structure into 56 residential units and just over 11,000 square feet of ground floor retail space. The condo development would provide parking for 163 vehicles in an existing surface lot.