The back lot behind the Motion Picture and Television Fund Retirement Hospital Home on Mulholland has been sold to a commercial investment group.
The 20-acre parcel had long been used as a strawberry farm – held in reserve when the Motion Picture Home was contemplating a further expansion of their campus. However, they changed plans and moved their expansion to Ventura County.
Developer California Commercial Investment of Westlake Village plans to build what is being called a “Woodland Hills Life Plan Community” which will include a number of luxury homes for seniors – apartments, penthouses and villas from one to three bedrooms. There will be underground parking and /or attached garages. According to CEO Danielle Hastie, there may also be a restaurant, pool and spa, athletic courts, movie theatre and more for residents’ use.
The acreage sold for $30 million. A website for the project has just launched. Visit thelivelle.com.
