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Snyder Gets 'Go' for $218-Mil NoHo Project

LOS ANGELES-The City Council gives its final blessing for a developer's 1.2-million-sf 'NoHo Commons' mixed-use complex, a cornerstone of LA's efforts to redevelop North Hollywood's blighted urban core. Construction could begin late next year.

By David W. Myers | Updated on December 11, 2001

LOS ANGELES-The City Council here has given unanimous approval to locally based J.H. Snyder Co.’s plans to develop NoHo Commons, a $218-million mixed-use project that the builder promises will turn a blighted area of North Hollywood into a bustling center of commerce.

The 1.2-million-sf office, residential and retail project will rise on a 23-acre parcel next to the Metropolitan Transit Authority’s subway station at Lankershim and Chandler boulevards. Construction should begin late next year, with completion 12 to 18 months later, a J.H. Snyder spokeswoman says.

The deal approved by the City Council includes $43.9 million in various types of government loans and grants to offset part of J.H. Snyder’s development costs. More than half of the aid—about $27 million—will come from the U.S. Department of Housing and Urban Development and other federal agencies.

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