The planned Joint Development at North Hollywood Station between Metro and NoHo Development Associates LLC (the developer) returns to the Metro Board of Directors this month. Metro staff is recommending an 18-month extension of the exclusive negotiating agreement with an option for 12 more months; here’s the staff report.
The staff report also includes new renderings and details on the development and new transit center that would be built on the four parcels totaling 15 acres that Metro owns at the busy Red Line and Orange Line station.
The current plan would include 1,250 to 1,500 housing units (with 20 percent of those designated as affordable units), 80,000 to 120,000 square feet of ground-floor retail space near the entrance/exit to the subway, 400,000 to 500,000 square feet of office space and two-plus acres of open space.
The development would also include a new transit center where the Orange Line stop is presently located. The transit center would include 12 bus bays for the Orange Line and future bus rapid transit lines, 14 local bus bays, electric bus charging facilities for the Orange Line and other buses, and a new portal to the subway (three total) to accommodate increased crowds.
And, yes, there would be transit parking. The proposal includes 915 dedicated park-and-ride spaces (the current lot has 951 spaces), reflecting current and projected demand for parking at the station.
Other improvements include extension of the existing street grid to improve neighborhood walkability and station access, a Metro Bike Hub (which is already in the works), new bike infrastructure, pedestrian and streetscape upgrades to make walking safe and an attractive option and a dedicated drop-off and pickup area,
The extension of the negotiating period gives the developer time to entitle and environmentally clear the project with the city of Los Angeles and finish the Joint Development Agreement and Ground Lease terms, both of which are subject to Metro Board approval. The process to develop the site began in 2015; please see this Source post for more background.
The Metro Board’s Planning Committee is scheduled to consider this item at its meeting at 11 a.m. on Wednesday. The meeting will be live-streamed; a link will appear here when the meeting begins.
To learn more about Metro’s Joint Development program, please click here. The program allows Metro to collaborate with qualified developers to build transit-oriented developments on Metro-owned properties.