Metro staff will hold an open house this Saturday in North Hollywood to discuss plans for a joint development on 15.6 acres of agency-owned land adjacent to the Red Line and Orange Line stations. The open house is from 10:30 a.m. to noon at the Groundwork Coffee next to the Orange Line platforms (11275 Chandler Blvd) and one focus will be consolidating transit on the site.
The latest project rendering is at top and just below is a presentation with some other background (pdf here for download and printing). As you can see, this is not a tiny development and it’s a great chance to add housing, businesses and green space near transit. The idea is to build a transit-oriented community that could serve as a model for the region and add to the vibrancy that is NoHo.
At this time, the development is shaping up to include two high-rise residential towers, four residential buildings (two of which are affordable housing), a mid-rise office building, new open space and pedestrian and bike improvements. As for numbers, the project at this time would include:
Market-rate homes: 1,000-1,200 units.
Affordable homes: 250-325 units.
Retail: 125,000 – 150,000 square feet.
Office: 300,000 – 400,000 square feet.
Transit parking: 1,000 – 1,500 spaces (there are currently 952 spaces).
The project would include new connections to the Red Line and Orange Line stations and would be built in phases so that both stations remain fully operational during construction.
Metro has already selected a developer — Trammell Crow/Greenland. The agency’s Board will later this month consider entering into a 24-month “Exclusive Negotiations and Planning Agreement” with the developer. In plain English, that means Metro and Trammell/Crow will further refine the project during that time and the financial details will be worked out. There will also be much more community outreach during this time.
At the open house on Saturday, there will be a short presentation followed by an opportunity to ask Metro staff and the developers any questions that you have about the project. Plus…there will be free coffee and pastries.
Your thoughts on the development?