Major Development Eyed For North Hollywood

NORTH HOLLYWOOD, CA - A joint venture that includes a prominent Chinese developer is looking to redevelop nearly 16 acres surrounding the North Hollywood Red Line station, it was reported today

It's an ambitious plan that could include retail shops, offices and more than 1,000 residential units, the Los Angeles Times reported.

The project, a public-private partnership with the Los Angeles County Metropolitan Transportation Authority, took a step forward Thursday when the agency’s board voted to enter into negotiations with Trammell Crow Co. and Greenland USA, a subsidiary of a Shanghai company constructing the massive Metropolis in downtown Los Angeles.

The sprawling property, which now includes a surface parking lot and bus station, is the largest piece of Metro-owned land anywhere in the county that the agency wants to redevelop in a bid to add more housing near transit lines, according to The Times.

Backers of the mixed-use project at Lankershim and Chandler boulevards say it would further revitalize the surrounding area.

--City News Service; Image via Shutterstock