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California  + Los Angeles  + Retail  | 

CGI+ Delivers Its First Standalone Retail Development to Los Feliz

CGI+ Real Estate Investment Strategies has delivered its first standalone retail development, a 31,000-square-foot grocery in Los Angeles’ Los Feliz neighborhood, to tenant Lazy Acres Natural Market. Located at 1841 N Western Ave., it’s the sixth store for the Santa Barbara-based grocery purveyor in Southern California and the first in the city of Los Angeles.   

“As an owner of multiple properties in the area and a firm believer of investing in our communities, we saw an opportunity to bring to area residents the first grocery offering organic and healthy products,” said Andre Soroudi, EVP of acquisitions and development for CGI+. “Lazy Acres will be a great amenity for the Los Feliz neighborhood for decades to come.”   

As part of the development CGI+ preserved a 1,740-square-foot building that once served as the studio for artist Mary Corita Kent. The “Pop Art Nun” was considered one of the great contributors to the Pop Art movement in Los Angeles. CGI+ participated in the community effort to have the building listed as a Los Angeles historic monument.

Lazy Acres expands CGI+’s footprint in the Los Feliz neighborhood, which already includes Villa Carlotta, a fully furnished 50-unit extended stay rental property; The James, a 75-unit multifamily property; The Baxter, an 86-unit multifamily development scheduled for completion later this year; Los Feliz Bliss, a 78-unit apartment building; and a 248-unit, 22-story apartment tower in entitlements at the corner of Franklin and Cahuenga.


Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development