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Former Citibank Building Coming Down Within Weeks

The Commonwealth Building is reportedly scheduled for demolition sooner than previously noted.

The Commonwealth Building at 5077 Lankershim Blvd. that housed a Citibank branch until last December is scheduled for demolition within the next week or two to make way for a mixed-use development.

An on-site worker, who did not want to be named, told Patch when the structure would be coming down.

Todd Pratt, Executive Vice President of Chandler Pratt, which owns the property, did not return phone calls to confirm when the tear down would take place or when construction of the 5-story mixed-use project would commence.

But according to records on the city of Los Angeles Department of Building and Safety's website, Chandler Pratt was granted a hand-wrecking demolition permit in January.

The building's Citibank logo was removed and a fence was placed outside within the last month.

Last September, Pratt told Patch that plans to move forward with the project would be on hold for up to two years.

Local history buffs filed an application to get historic landmark status for the 1960s era Commonwealth building, but it was eventually denied.

Richard Hilton, a member of the board of directors for the Museum of the San Fernando Valley, said he believes the request was shot down because there were too many modifications made inside and outside the property.

The Commonwealth Building was once part of a North Hollywood history walking tour led by Hilton.

He said the structure would be a loss to local history because it reflected growth and progress following World War II.

LABornAndRaised February 12, 2013 at 06:58 PM
It seems that developers feel the need to sneak in their developments at the risk of NIMBYs stopping their progress. I hope they bring Citibank back as a part of the mixed use. Lankershim makes perfect sense for mixed-use. If you have to have apartments, you might as well offer some retail for everyone to enjoy.
robert February 12, 2013 at 07:37 PM
Build baby build. Build baby build!
Gary February 12, 2013 at 09:06 PM
wonderful if you like more traffic conjestion added to the already burgeoning apt construction in NoHo but what does the developer care, he probably lives in Beverly Hills
Kyle Kilday February 13, 2013 at 12:32 AM
How about some sort of retail other than fast food for a change? Like Urban Outfitters, or something like that...an art supply store, music store?
Bob Peppermuller February 13, 2013 at 01:07 AM
and if the Bicycle folks get their way and rip out a lane from Lankershim won't that be fun for the occupants of the two new buildings (one behind it one block is a monster)
NoHo Native February 13, 2013 at 07:32 AM
Ugh, every time I hear about that wretched bike lane I want to scream. Most entitled bunch of jerks around, bikes are fine but don't ride them near cars, parked or moving!

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