What the Sportsmen's Lodge Development Means for Studio City and Sherman Oaks Homeowners
- Leegie Parker
- 2 days ago
- 9 min read
Published on April 30, 2026 by Leegie Parker
Leegie Parker | Real Estate Advisor | DRE 01020534 | Compass | Leegie.com
Quick Answer
The Residences at Sportsmen's Lodge is a 520-unit, $500 million mixed-use development rising at Ventura and Coldwater in Studio City, with construction expected to run through 2027. For Studio City and Sherman Oaks homeowners, the closer your home sits to the site, the more you will feel both the short-term construction disruption and the longer-term amenity and walkability lift once the project delivers.
Key Takeaways
• The Residences at Sportsmen's Lodge is a 520-unit, $500 million mixed-use development at Ventura and Coldwater in Studio City, with construction expected to run through 2027.
• Homes closest to the site, especially the flats between Coldwater and Laurel Canyon, will feel both sides of this: short-term construction disruption and longer-term amenity and walkability gains.
• Research on comparable projects shows single-family homes within half a mile of well-designed mixed-use developments often see a modest lift in appreciation once construction finishes.
• Hillside estates in Fryman Canyon and Wrightwood Estates are largely insulated from both the construction drag and the amenity lift, because those buyers are paying for privacy and views.
• Sherman Oaks homes along the Coldwater corridor will feel the ripple effect too, particularly the condos and townhomes near Ventura.
Ventura and Coldwater is about to change, and it's going to matter for your home
If you live in Studio City or Sherman Oaks, you've probably driven past the old Sportsmen's Lodge site a hundred times and wondered what's happening there. Here's the short answer: a 520-unit residential and retail project called The Residences at Sportsmen's Lodge is rising on that corner, and it's the biggest piece of new construction the Ventura-Cahuenga Boulevard corridor has seen in more than 30 years.
The Sportsmen's Lodge Studio City development matters to you whether you plan to sell in the next two years, stay put for the next twenty, or buy in nearby. It will reshape traffic patterns, walkability, property values, and the feel of Ventura Boulevard itself. And like most large-scale developments, it brings both real concerns and real opportunities.
Let me walk you through what's actually being built, the timeline, the concerns neighbors have raised (some of which I share), and what it likely means for home values in the specific pockets of Studio City and Sherman Oaks.
A quick history, because context matters
The Sportsmen's Lodge site has been a Valley landmark since the 1880s. It started as a recreational fishing destination called Hollywood Trout Farms before the hotel opened in 1962. For decades it was a gathering spot for Old Hollywood regulars, Clark Gable, Bette Davis, John Wayne, Humphrey Bogart, Lauren Bacall, Spencer Tracy, Katharine Hepburn, you name them, they came through.
The 1971 San Fernando earthquake diverted the natural artesian spring that once fed the trout lakes, and the hotel itself closed to the public in early 2020 during the pandemic. It never reopened. Attempts to designate the property as a Historic-Cultural Monument in the early 2000s were ultimately denied. So while this project is genuinely precedent-setting for the corridor, the site has been in transition for a long time.
What's being built on the Sportsmen's Lodge site?
The Residences at Sportsmen's Lodge is being developed by Midwood Investment & Development, a New York firm that's been active in Studio City since the 1960s and also owns the Erewhon-anchored Shops at Sportsmen's Lodge across Coldwater. The project sits on roughly 5.8 acres and combines residential, retail, and public open space.
Here are the specifics worth knowing:
• 520 apartment units across three buildings ranging from three to seven stories (the tallest reaches 94 feet)
• 78 of those units are reserved as Very Low-Income affordable housing, which is what triggered the density bonus allowing the larger building envelope
• About 46,000 square feet of ground-floor retail and restaurant space
• 1,385 vehicle parking spaces plus 284 bicycle spaces
• Around 76,000 square feet of open space, with roughly 23,000 square feet open to the public
• A new pedestrian path connecting Ventura Boulevard to the LA River
• A new traffic signal at Goodland and Ventura
The architect of record is Marmol Radziner, with MVE + Partners and Olin Studio on landscape. The total project cost is roughly $500 million when you combine the residential build with the adjacent retail that's already operating.
When will construction end at the Sportsmen's Lodge site?
Construction is expected to run approximately 43 months, with completion projected for 2027, though given the scale, a stretch into 2028 wouldn't surprise me. Excavation alone involves moving about 430,000 cubic yards of dirt, and that's happening concurrently with another 200,000 cubic yards of excavation a short distance away for the Harvard-Westlake athletics facilities project. If you live nearby, the cumulative construction impact is going to be real.
The Los Angeles City Council approved the project 13-1 in April 2024, denying three separate appeals from the Studio City Residents Association, Erewhon's parent company, and a hospitality union. Erewhon subsequently filed an appeal in LA Superior Court. So the approvals process has been genuinely contested, and some of those concerns deserve a clear-eyed look.
What are neighbors actually worried about?
The opposition isn't noise for noise's sake. Three of the concerns I hear most often from Studio City and Sherman Oaks residents:
Height and scale
At 94 feet, the tallest building will be considerably taller than what surrounds it. The Ventura-Cahuenga corridor has had a distinct low-rise character for decades, and this project breaks that pattern. Whether you see that as welcome density or unwelcome overreach depends on where you sit, but it's a legitimate point.
Traffic, especially at Coldwater and Ventura
Anyone who drives that intersection at rush hour knows it's already one of the most congested in the Valley. Adding 520 units, a parking garage, and 46,000 square feet of retail will test that corridor. A new traffic signal at Goodland is part of the mitigation plan, but the practical reality during both construction and post-completion is that traffic is going to get worse before it gets better.
Construction impact
Forty-three months of excavation, trucks, noise, and dust on a major boulevard is a long time. Homes within a few blocks of the site may experience a noticeable day-to-day quality-of-life impact during peak construction phases. For sellers in that immediate zone, it's something to think carefully about when timing a listing.
How will the Sportsmen's Lodge development affect Studio City home values?
Here's where I want to be careful, because the honest answer is that it depends on where your home sits and what kind of property it is. Let me break it down by zone.
Immediate impact zone (within roughly half a mile, walkable)
These are the homes that will feel both the short-term drag and the long-term lift most directly:
• The flats directly north of Ventura between Coldwater Canyon and Laurel Canyon (Valleyheart, Valley Spring, Rhodes, and the blocks running toward the LA River)
• Streets immediately south of Ventura between Coldwater and Laurel Canyon, climbing up toward Fryman but still walkable to the boulevard
• The Coldwater/Ventura corridor condos and townhomes, which benefit most directly from the new retail and restaurant infusion
• The Woodbridge Park area, close enough to feel the amenity lift
For these homes, research on comparable mixed-use projects suggests single-family properties within half a mile often see modest appreciation gains once construction finishes. The Urban Land Institute and academic studies have consistently found that well-designed multi-family developments near single-family neighborhoods either have no impact or a slightly positive impact on appreciation rates. The new pedestrian path to the LA River, the expanded dining options, and the general walkability upgrade all contribute to that effect.
Secondary impact zone (drivable, not walkable)
• Colfax Meadows (east of Laurel Canyon, too far to walk but still part of the broader Studio City market lift)
• Further-west stretches toward Whitsett
• Sherman Oaks pockets south of Ventura and along the Coldwater corridor
These homes benefit from the catalytic effect on the corridor, the same way a rising tide lifts boats. When one anchor project of this scale delivers, it tends to spur additional investment on Ventura, and that investment accrues to the broader market.
Largely insulated zone
• Hillside estates in Fryman Canyon and Wrightwood Estates
• Higher-elevation homes above Mulholland
These buyers are paying for privacy, views, and seclusion. They're not driving to Ventura for coffee, and they're not moving because a new Erewhon opened. The Sportsmen's Lodge development is unlikely to meaningfully shift values either up or down in these micro-markets.
What does this mean for Sherman Oaks homeowners?
Sherman Oaks homes along the Coldwater corridor will feel the ripple effect, particularly condos and townhomes near Ventura. Buyers shopping the Sherman Oaks side of Ventura are often comparing directly against Studio City inventory, so anything that lifts Studio City values tends to pull Sherman Oaks values up alongside them.
The flip side: during construction, some buyers who would have considered the Studio City side may shift their search west into Sherman Oaks to avoid the noise. That could produce a modest bump in demand for Sherman Oaks homes in the 91403 and 91423 ZIP codes through 2027.
Current Studio City market context
Before you read any market impact projection, it's worth grounding this in where Studio City actually sits right now. The data shows a market that's holding up well, though different sources paint slightly different pictures depending on what they're measuring and which properties sold during the sample period.
The Redfin median sale price for Studio City was around $1.93 million in the first quarter of 2026, reflecting year-over-year growth of roughly 18.5%. Active listings sat around 141, with homes averaging about 56 days on market and a sale-to-list ratio near 98%. Other sources peg the median closer to $1.62 million, and Zillow's typical home value is lower still at around $1.5 million. The range reflects different methodologies and which slice of the market you're looking at. The takeaway: Studio City is a resilient, desirable market with real demand, and the Sportsmen's Lodge development lands in a strong underlying environment.
My read on the Sportsmen's Lodge Studio City development
I've been watching this project move through approvals, appeals, and groundbreaking for years. Here's where I land.
The short-term years are going to be uncomfortable for homeowners within a few blocks of the site. Noise, trucks, traffic reroutes, the Coldwater and Ventura intersection functioning worse than it already does. If you're planning to sell in 2026 or early 2027, and your home is in the immediate impact zone, you should factor that into your pricing strategy and marketing approach.
The longer-term picture looks more encouraging. Well-designed mixed-use projects in strong neighborhoods tend to lift surrounding values over time. The new retail, the river path, the ground-floor restaurants, the upgraded streetscape, these are genuine amenities that buyers will pay for once they exist. Studio City has been ready for a walkable, destination-quality stretch of Ventura for a long time, and this project, for all the legitimate concerns, is probably the catalyst that delivers it.
When I'm advising someone in the immediate impact zone about timing, I'm looking at their specific block, their specific floor plan, and their specific reason for moving before I make a recommendation. There's no one-size-fits-all answer here.
Frequently Asked Questions
When will the Sportsmen's Lodge development be completed?
The Residences at Sportsmen's Lodge is expected to complete construction in 2027, though the scale of the project means a stretch into 2028 is possible. Construction is projected to run approximately 43 months, with excavation moving around 430,000 cubic yards of dirt before the buildings go up.
Will the Sportsmen's Lodge project increase Studio City home values?
Research on comparable mixed-use projects suggests single-family homes within half a mile of well-designed developments often see modest appreciation once construction finishes. The effect is strongest for homes walkable to the new retail and restaurant space, and minimal for hillside estates further from the corridor. During construction, homes closest to the site may see slightly longer days on market.
How many units are in The Residences at Sportsmen's Lodge?
The project includes 520 residential apartment units across three buildings, with 78 units reserved as Very Low-Income affordable housing. The complex also includes roughly 46,000 square feet of ground-floor retail and restaurant space and 1,385 parking spaces.
How will traffic be affected at Ventura and Coldwater?
Traffic is expected to worsen during the 43-month construction period, particularly at Ventura and Coldwater. A new traffic signal at Goodland and Ventura is part of the mitigation plan, and the parking garage entry has been designed to keep most project traffic off side streets. Longer-term, the project includes a widened bike path, a new pedestrian path to the LA River, and Metro bike station infrastructure.
Wondering how your specific street is positioned?
The closer your home sits to Coldwater and Ventura, the more you're going to feel both sides of this, the short-term construction disruption and the longer-term amenity and walkability lift. If you're curious how your specific street or pocket in Studio City or Sherman Oaks is likely to be affected, I'd love to have that conversation with you.
Call or text me at 310-739-9202, or email Leegie@Leegie.com. I'll give you a thoughtful, grounded take on where you stand, whether you're thinking about selling in the next year, staying put for the long haul, or considering a move closer to this part of the corridor.
Leegie Parker
Real Estate Advisor, Compass
DRE 01020534
310-739-9202 | Leegie@Leegie.com | Leegie.com
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