‘Game-changer for the Valley’: Nearly 1,500 new homes to be built at North Hollywood Metro

An artist's rendering of District NoHo, which will be located on top of the North Hollywood Metro Station.

(Trammell’s crow)

‘Game-changer for the Valley’: Nearly 1,500 new homes to be built at North Hollywood Metro

LA Politics, Transportation, Homepage News

Caroline Petrow-Cohen

Dec. 8, 2023

As part of an ongoing effort by Metro to build housing and community around transportation hubs, a new mixed-use development called District NoHo is coming to the North Hollywood Metro Station.

The Los Angeles City Council voted Friday to approve the 15-acre project, greenlighting a massive development that will include 1,481 residential units as well as office, retail and restaurant space.

A quarter of the units will be rented

limited, more than double the ratio required for the city density bonus.

District NoHo will be a transformative project for this city, City Council President Paul Krekorian said in a statement. Krekorian represents Council District 2,

where North Hollywood is located, including North Hollywood

.

This is a truly transit-oriented development that will enable hundreds of Angelenos to live, work, study and shop

,

and enjoy recreation without driving or parking

,

or riding in anything other than zero-emission public transportation, he said.

The project will also provide 750 parking spaces reserved for Metro customers

,

and two hectares of open space for the public

complete with and also

three shopping plazas. The North Hollywood station is Metro’s third busiest station.

District NoHo is one of Metro’s many joint development projects,

which are

real estate partnerships between Metro and private developers built on Metro

S

country

in order

to create more housing around public transport.

The project includes improvements to the North Hollywood Metro Station, including a new B Line Subway entrance on the west side of Lankershim Boulevard, improvements to the G Line terminus, and new internal streets and walkways to accommodate the major development site. divide. according to a city report.

Metro has made an ambitious pledge to build 10,000 homes in Los Angeles County by 2031, with the goal of helping solve Southern California’s housing crisis, the agency said in a news release in July. Half of the units are intended for rental

limited for lower to middle income households.

While District NoHo will include 366 rent-restricted units, some community members say the project doesn’t do enough to create affordable housing. Reimagine District NoHo, an initiative of the nonprofit NoHo Home Alliance, has been fighting for the inclusion of more affordable units.

The obligation of government is to do the most good for the most people, says Desmon Faison of Reimagine District NoHo. I think it misses the point. We are building a monolith for capitalism.

Faison said only North Hollywood’s wealthiest residents could afford to live in District NoHo’s market-rate units. Glenn Block, another North Hollywood resident who

i

S involved with Reimagine District NoHo, said the 15 hectares on which the development will be built could be put to better use.

This project is failing on every level, he said.

The property will have nearly 100 more rent-restricted units than the original proposal

planned

, said Metro project manager Marie Sullivan. The number of affordable units is limited because funding for the units comes from many different sources, all of which have a limited budget.

There is only a limited amount of affordable housing funding that comes from federal, state and local sources each year, Sullivan said.

Metro will also use revenue from the market-rate units to fund other aspects of the project, including a park and shopping plazas, she said.

We need revenue from market-rate housing to fund many of these public services, she said.

District NoHo will also boost the community by creating about 10,000 jobs during construction, according to a city report, and another 2,500 jobs through real estate activity. Construction is expected to generate $1 billion.

The development of the property includes the demolition of nearly 50,000 square feet of parking lots and industrial space.

The project, in the works since 2015, provides a model for sustainable development for the entire region, Krekorian said. This is a game changer for the Valley.

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