Revitalizing North Hollywood

A $1 billion development that would shape the North Hollywood skyline took a big step forward Thursday as the Metro board approved negotiating with Lowe Enterprises for the massive mixed-use project. Daily News.

Details of the plan will be worked out over the next six months, but the initial deal for the NoHo Art Wave includes more than 1.72 million square feet of retail, commercial and residential development.

The complex on Metro-owned land at Lankershim and Chandler boulevards would revitalize 15.6 acres near a San Fernando Valley subway and bus hub and include 562 housing units - with 15 percent set aside for low-income residents.