Two years ago, Greenland USA stepped away from its partnership with Trammell Crow to develop a massive mixed-use complex in North Hollywood.
Now, Trammell Crow and the Los Angeles Metropolitan Transportation Authority are moving ahead with the $1 billion transit-oriented project, according to the Los Angeles Times.
The developer and the MTA will apply for permission from the city to build District NoHo, according to the report. The 16-acre development would stand next to subway and bus stations and include 1,500 apartments, a 10-story, 400,00-square-foot office tower; along with retail stores, bars and restaurants.
District NoHo would be the biggest commercial development surrounding an MTA station. It would also stand near an adjacent hub for connecting bus routes, including the Orange Line to Warner Center; and Chatsworth in the San Fernando Valley.
The development site around the NoHo train station was assembled by the former L.A. Community Redevelopment Agency, which was disbanded seven years ago. Other stations in L.A. are being built in developed neighborhoods, such as at Wilshire Boulevard and La Brea Avenue in the heart of the Mid-Wilshire District.
Dallas-based HKS is the master architect for the project and L.A.-based RELM is the master landscape architect.
The apartments are to be divided among six buildings. Around 1,200 units will be market-rate, with the remaining 300 units designated affordable. Average monthly rents in the area were a little under $2,400 in September, according to Zillow.
Trammell Crow is no stranger to teaming with local government on massive projects. Last year, it broke ground on a $450 million county office complex in Koreatown, which it is partnering on with Los Angeles County. [LAT] — Pat Maio