Los Angeles developer Summerland Partners Group wants to build a 60-unit, four-story multifamily complex in North Hollywood, city documents show.
The project would span over 46,000 square feet and require a zone change from commercial to heavy residential, according to its proposed mitigated negative declaration. The site at 11511 Chandler Boulevard contains eight empty lots.
Hankey Investment Company is a lender on the development, which was filed under the entity Chandler Art Centre LLC, a Summerland associate told The Real Deal while declining to make further comment.
Hankey could not be immediately reached.
Property records show that Summerland acquired the site for $1.8 million in late 2015.
Summerland boasts more than 40 projects in its portfolio, including a 26-unit complex at 4100 Wilshire Boulevard, which it completed in 2001, and the 64-unit building at 525 S. Berendo Street. In the pipeline, the firm has a condo development in the works at 6530 Sepulveda Boulevard in Van Nuys.