With scant discussion and a unanimous vote, the Los Angeles City Council on Tuesday approved the NoHo Commons redevelopment deal in North Hollywood, including $43.9 million in public subsidies and loans to help the $218.7-million project.
The 16.7-acre private development next to the North Hollywood subway station is designed to provide 822 residential units, including 162 categorized as affordable housing; 220,000 square feet of retail space; 250,000 square feet of office space; and 3,500 parking spaces.
Of the affordable housing units, 28 will be for very low-income residents, 80 for low-income and 54 for moderate-income families.
The plan requires that 75% of the 1,600 permanent jobs created by the project will pay at least the city's living wage of $7.99 an hour, or $9.24 an hour if health benefits are not provided, according to the Los Angeles Community Redevelopment Agency.
Cliff Goldstein, a senior partner of developer J.H. Snyder, said some figures may change, and office space may be reduced to 200,000 square feet.