A blockbuster for NoHo

City officials broke ground Monday on the third and final phase of the $375 million NoHo Commons project, designed to transform the heart of town into an upscale commercial development with retail, entertainment and residential space.Sue Doyle in the Daily News.

Spanning three acres at the corner of Lankershim Boulevard and Weddington Street, the final part of the project will cost $79.4 million and will include a seven-screen Laemmle movie theater, a 700-space parking garage, an 182,000 square-foot office building with retail and the relocation of the historic Phil's Diner from Chandler Boulevard.

"NoHo Commons is nothing less than a blockbuster hit," said Mayor Antonio Villaraigosa at the groundbreaking ceremony Monday morning.