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12/13/23
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Upscale regional grocer Bristol Farms agreed to a 15-year lease for 23.2k sf of space at Modera Argyle, a 276-unit, luxury res development at the corner of Selma and Argyle Avenues in the heart of the Hollywood Entertainment District.
Modera Argyle, at 6220 Selma Ave, is located between Sunset and Hollywood Boulevards, one block east of Vine St, and consists of studio, one-, two- and three-bedroom luxury units. It sits adjacent to the Hollywood Palladium and is across the street from Equinox Hollywood and the W Hotel and Residences. The project is a development of Mill Creek Residential.
The mixed-use development is currently under construction, and expected completion is Q2 2024. Modera Argyle is the second of Mill Creek’s luxury offerings in the area, joining Modera Hollywood less than one mile away at Selma and Highland Avenues. Kennedy Wilson Brokerage’s Lee Shapiro represented Mill Creek Residential in the transaction.
“Bristol Farms is an incredible brand with a devoted following,” said Shapiro. “This new Hollywood location gives them immediate access to their target customer, who will be living right upstairs at Modera Argyle, as well as in the dense surrounding neighborhood. It’s a big win for Mill Creek, Bristol Farms, and the neighborhood.”
Hollywood’s residential population is still growing, thanks in large part to continued housing construction of higher-end communities, according to CoStar. In the past decade, housing inventory has expanded in the submarket by almost 20%, and recent office and hotel construction has brought both higher-paying jobs and more affluent visitors to the area.
This will be Bristol Farms’ 14th location in Southern California.
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