Sportsman's Lodge in Studio City has been SOLD!
The Cat is out of the bag. The Sportsmen’s Lodge Hotel, a Studio City landmark, has been sold.
Richard Weintraub, President of Weintraub Financial Services is the proud owner of about nine acres of property and the hotel located at 12825 Ventura Blvd. It is rumored that he paid a whopping $50 MILLION.
The question is what is he going to do with it? Sources say that there are plans to renovate the existing hotel and add a few retail shops. I read that they were going with a "mid-century" theme and that about 300,000 square feet of retail space will be built.
Does this mean that the traffic at Coldwater and Ventura will become even more dense. Already there are traffic jams at that intersection, despite the gloved people waving us through. After all that intersection is a MAJOR route to the Westside. Will I soon have to avoid that intersection with the same devotion that I avoid Laurel Canyon and Ventura.
Growth is good, I know but the growing pains can be crippling.