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.