Two Teams Look to Develop North Hollywood Metro Properties
Last December, the Los Angeles Metropolitan Transportation Authority (Metro) issued a request for proposals (RFP) for the development of 15.6 acres of land surrounding the North Hollywood Red and Orange Line Station. After gauging interest from a number of groups, Metro has narrowed the field down to two teams lead by Greenland USA and the Trammell Crow Company. Greenland USA, the American arm of the Shanghai-based Greenland Group, first emerged onto the scene in 2013 with its revival of the $1-billion Metropolis development in Downtown Los Angeles.