NoHo Senior Arts Colony Project Nears Completion

The development will offer an array of artistic activities for its residents, who must be at least 62 years old.

Construction is wrapping up for a 126-unit senior housing development at 10747 Magnolia Blvd. that plans to provide an array of artistic activities for its elderly residents.

The NoHo Senior Arts Colony, which will also include a 76-seat theater, is about six weeks away from completion.

"When the building is done, we'll have people start moving in," said John Huskey, CEO of Meta Housing Corporation, a developer of other senior housing projects in the Southland like the Burbank Senior Arts Colony.

All of the affordable housing units have already been leased out, but 98 market rate units are still available, according to Meta Housing Corporation.

The complex is open to seniors who are 62 years of age or older.

North Hollywood-based Road Theatre Company is opening a second location at the complex to put on shows for the public and to teach classes to the residents.

"This is a new community that will be filled with a passion for the arts, and with a passion for making this part of our residents’ lives the best part," Huskey said in a press release.

The $42 million colony has multiple investors, with the Community Redevelopment Agency contributing $7 million, according to its Web site, along with $25.2 million in tax-exempt bonds from the California Statewide Communities Development Authority, $2 million in tax credits and $3.4 million in developer equity and deferred fees.

Arin Mikailian October 02, 2012 at 08:20 PM
You can thank the professional high-res quality of my iPhone for that :)
Bob Peppermuller October 02, 2012 at 09:04 PM
You think Magnolia gridlock is bad now, wait till this comes on line. Yea I know the city is supposed to widen Magnolia in the next millennium or so but don't hold your breath.
Adam October 03, 2012 at 09:58 PM
As far as gridlock goes, I suspect that many of the residents won't be driving anymore, so it probably won't get too much worse -- certainly less so than if a "regular" apartment was built there. I really hope that stretch of Magnolia gets cleaned up. There are a few run down apartments and a certain liquor store right there that I'd like to see a wrecking ball taken to.
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