This week, Metro's San Fernando Valley Service Council will be treated to a presentation on updated plans for the redevelopment of North Hollywood Station's massive park-and-ride facility.

Last summer, Trammell Crow Company and Greenland USA abandoned competing proposals to develop have instead entered into a joint venture to develop 15 acres of land surrounding the station site, with a team that also includes the Cesar Chavez Foundation, Gensler and the landscape architecture firm RELM. At the time the partnership was announced, two alternatives were presented for assortment of Metro-owned properties, which are located near the intersection of Lankershim and Chandler Boulevards.

Option A called for an array of mid-rise and low-rise buildings featuring 750 residential units, 200,000 square feet of office space and 40,500 square feet of ground-floor shops and restaurants.

The second alternative - Option B - called for a more ambitious development program, featuring a series of high-rise structures that could generate upwards of 1,500 housing units, 450,000 square feet of offices and 150,000 square feet of street-fronting commercial space.

Based on a rendering that will be presented to the Service Council, TCC and Greenland appear to be moving forward with a variation of the more aggressive Option B.

Under this proposal, multiple high-rise and podium-type buildings would rise on the large property that currently houses the station's park-and-ride lot and bus layover facility. A site plan also shows a new building with a station portal on the south side of Chandler Boulevard, and an additional building along Tujunga Avenue.

Displaced by the new construction, the current bus layover facility would be relocated across Lankershim and combined with the existing Orange Line terminus. Renderings show an enhanced facility, with new station canopies, bus bays and underground parking.

According to Metro, the completed project would offer:

1,000 to 1,200 units of market rate housing

250 to 325 units of affordable housing

125,000 to 150,000 square feet of retail space

300,000 to 400,000 square feet of office space

1,000 to 1,500 parking spaces

Moving forward, the development concept from TCC, Greenland and partners will need to be approved by Metro's Board of Directors. The project team would then proceed with additional community outreach before finalizing its designs and entering into a long-term ground lease with Metro. After the ground lease is finalized, permitting and construction could commence.

More information will be available at a meeting this Saturday, April 8 from 10:30 am and 12:00 pm at Groundwork Coffee (11275 Chandler Boulevard, North Hollywood, CA 91601).