search

The Real Deal Logo

Trending

The WeWork deal: What was Yardi thinking?The WeWork deal: What was Yardi thinking?Roscoe Village sellers first to try removing buyer agent commission Roscoe Village sellers first to try removing buyer agent commission Tzadik co-founder sues CEO Adam Hendry for $8M tied to multifamily dealsTzadik co-founder sues CEO Adam Hendry for $8M tied to multifamily dealsAviation heirs sell lakefront Palm Beach mansion for $39MAviation heirs sell lakefront Palm Beach mansion for $39M
Residential
Los Angeles

Trammell Crow gets preliminary nod to build 2.2M sf development in NoHo

LA Planning Commission approves more than 1,500 homes around Metro station

Trammel Crow Gets Preliminary Nod for District NoHo Project
Trammell Crow's Danny Queenan with rendering of Northeast corner of Lankershim and Chandler (Trammel Crow, High Street Residential, Getty)

Trammell Crow has moved forward with a plan to build a 2.2 million-square-foot development in North Hollywood, with nearly 1,500 homes, offices and shops and restaurants.

The Dallas-based developer and the Metro transit agency received a green light from the Los Angeles Planning Commission to build the project around the North Hollywood Station at Lankershim and Chandler boulevards, Urbanize Los Angeles reported. It would replace a parking lot.

The project would be built at 11163-11347 and 11264-11280 West Chandler Boulevard; 11204 -11270 West Cumpston Street; 5300-5320 North Bakman Avenue; and 5311-5373 and 5356-5430 North Lankershim Boulevard, according to the Planning Commission.

What was billed as a $1 billion transit-oriented project in 2019 has been downsized to three buildings instead of six on 16 acres around the B (formerly Red) Line station.

Plans for the project dubbed District NoHo allow for a 20-story highrise with 420 apartments, a 23-story tower with 508 apartments and a 21-story complex with 599 apartments.

But Trammell Crow, a unit of Dallas-based CBRE Group, says it aims to build 1,481 apartments instead of the 1,527 approved by planning commissioners, plus 450,000 square feet of offices and 60,000 square feet of shops, restaurants and bars. 

The developer would also set aside up to 311 units as affordable housing, including 55 units set aside for moderate-income households.

Sign Up for the undefined Newsletter

Above-grade parking garages would serve 3,313 cars, including 750 reserved for Metro bus and rail passengers

The project, designed by a consortium to include Gensler, HKS, KFA Architecture and Relm, would include three plazas containing 2 acres of publicly accessible open space. 

It would also feature a new entrance to the subway on the west side of Lankershim, improvements to the G (formerly Orange) Line busway terminus, and new streets and walkways inside the development.

District NoHo would be developed in phases for up to 15 years. It would also be tied to a development agreement calling for moderate-income housing, a new art gallery, funding for a two-way bike trail on Fair Avenue, public art, community events and historical plaques.

The Los Angeles County Metropolitan Transportation Authority may form an Enhanced Infrastructure Financing District to cover the cost of the affordable housing and Metro station improvements, according to a Metro report found by @numble.

Pending approval by the City Council, the District NoHo project could break ground as early as 2025. The 15.6-acre project, proposed in 2106, once included Downtown-based Greenland USA.

— Dana Bartholomew

Read more

Companies and People
Trammel Crow
Tags
G Line StationL Line Station