Two teams competing to develop properties surrounding North Hollywood Station have now combined their efforts.

According to an announcement from the Source, Metro staff have recommended that the transportation agency enter into negotiations with a joint venture lead by the Trammell Crow Company (TCC) and Greenland USA, who would build a unified mixed-use development across approximately 15.6 acres of land. The project team also includes the Cesar Chavez Foundation, as well as the architecture and design firms Gensler, HKS Architects, Killefer Flammang Architects and Melendrez, Inc.

In their proposal for North Hollywood Station, TCC and Greenland have put forth two alternate development scenarios for the properties.

The first, described as "Option A," would consist of a series of low-rise and mid-rise buildings featuring 750 residential units, 200,000 square feet of office space and approximately 40,500 square feet of ground-floor retail space. As stipulated under Metro's development guidelines, 35% of all residential units would be reserved as affordable housing. The project, which would include 3,600 parking stalls, would create a total of 1.4 million square feet of new development.

A conceptual site plan of Option A portrays a new pedestrian promenade with retail space and pop-up galleries along Chandler Boulevard, replacing what is now a surface parking lot. The proposal would also accommodate a future hotel on Lankershim Boulevard and a replacement bus depot along the eastern side of the property.

Under the more aggressive "Option B," plans call for the construction of high-rise buildings and new streets across the sprawling development site. In total, the proposal would include 1,500 housing hunits, 450,000 square feet of office space, 5,400 parking stalls and 150,000 square feet of ground-floor shops and restaurants. As with Option A, the project would reserve 35% of all residential units as affordable housing.

A conceptual rendering portrays gallery space and an elevated pedestrian and bicycle path along Chandler Boulevard. Additionally, a new portal to underground rail station could be built on the south side of the street.

Further details, including a budget and timeline for the project, are currently unclear.