Search
 

Lowe Wins NoHo Development Deal

LOS ANGELES-The Metropolitan Transportation Authority names the L.A.-based developer for a 1.7-million-sf mixed-use project.

By Bob Howard | Updated on September 30, 2007

LOS ANGELES-The Los Angeles County Metropolitan Transportation Authority has signed Lowe Enterprises to an agreement that grants the Los Angeles-based firm the exclusive right to negotiate as master developer for a 1.7-million-sf mixed-use project surrounding the North Hollywood Metro Red Line station. Lowe’s proposal, called the NoHo Art Wave, envisions a mix of uses, including office, retail and residential with substantial community and public spaces.

Lowe, which won the exclusive negotiating rights in a competitive bidding process that began in August, would also develop replacement park and ride facilities as part of its plan. Lowe Enterprises has teamed with the architectural and planning firm of AC Martin Partners to create the conceptual master plan for the project area, which is composed of four parcels totaling 15.6 acres on and around the Metro Red Line station on Lankershim Blvd.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.