Theatre. Phase III also consisted of the construction of an eight-story office on the corner of Lankershim and Weddington in 2009. The building's primary tenant is currently the Art Institute of California-Hollywood. NoHo 14, a 180-unit, fourteen-story apartment building, was built in 2004 as one of the first large-scale developments in the neighborhood. The historic North Hollywood train depot at Lankershim and Chandler Boulevards was restored in 2014 for $3.6 million. It is a Southern Pacific Railroad standard design, a One Story Combination Depot No. 15 or 21. The train depot, dating to 1896, sits on land owned by the Los Angeles County Metropolitan Transportation Authority, across from the Metro Red Line subway station and next to the terminus of the Orange Line bus line. Currently the NoHo Arts District, in conjunction with the Community Redevelopment Agency-Los Angeles, is working on beautification efforts to make the area more appealing to businesses. The current focus is primarily on revamping store fronts on Lankershim Blvd and Magnolia Blvd with Burbank Blvd to follow. In the future, North Hollywood plans a $1 billion mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The project would re-develop with of commercial space and nearly 1500 residential units in three high-rise towers. The project was awarded to Trammell Crow Company and High Street Residential by the Los Angeles Metro board. References External links Neighborhoods in Los Angeles Communities in the San Fernando Valley Art in Greater Los Angeles Entertainment districts in California Arts districts Art gallery districts Populated places established in 1992 San Fernando Valley North Hollywood, Los Angeles