SHB wants to build a 298-unit affordable housing complex in North Hollywood.
The locally based developer led by Stephen Shishikyan has filed plans to build the eight-story apartment building at 12001 Victory Boulevard, Urbanize Los Angeles reported. It would replace a commercial building housing the Lilit Bakery Cafe.
Plans for the apartment complex east of Laurel Canyon Boulevard call for 298 studio, one- and two-bedroom apartments atop 8,300 square feet of ground-floor shops and restaurants. A parking garage would serve 118 cars.
The affordable complex, serving moderate- and low-income households, would be fast-tracked through Mayor Karen Bass’s Executive Directive 1, which streamlines approval of affordable housing projects.
As a 100-percent affordable development, the project can use density bonus incentives permitting more floor area and smaller setbacks than would otherwise be required by zoning rules.
The 98-foot-tall project, designed by Woodland Hills-based Sam Aslanian Architect, would include multiple courtyards.
The developer on the project is SHB, a limited liability company based in North Hollywood, according to a filing with Los Angeles City Planning. SHB was founded in 2013 by Shishikyan, according to state business records.
The proposed apartments are a quarter-mile north of the 25-acre NoHo West, a former Macy’s department store at Laurel Plaza turned into an outdoor mall at 6150 Laurel Canyon Boulevard.
— Dana Bartholomew
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