Metro - File #: 2019-0874

• File #: 2019-0874
• Type: Contract
• Status: Agenda Ready
• File created: 12/2/2019
• In control: Planning and Programming Committee
• On agenda: 3/18/2020
• Title: WITHDRAWN: AUTHORIZE the Chief Executive Officer to execute an 18-month Exclusive Negotiation Agreement and Planning Document (ENA), with the option to extend up to 30 months, with Innovative Housing Opportunities, Inc. (Developer) for the development of the Metro-owned Regional Connector Little Tokyo/Arts District Station (Site), subject to resolution of protest(s) if any.
• Sponsors: Planning and Programming Committee
• Indexes: 1St/Central Joint Development (Project), Arts District, Budgeting, Central Los Angeles subregion, City of Los Angeles, Construction, Contracts, Exclusive Negotiation Agreement, Housing, Hubs, Joint development, Joint Development Agreement, Little Tokyo, Little Tokyo/Arts District Station, Maps, Metro Blue Line, Metro Exposition Line, Metro Gold Line, Metro Rail A Line, Metro Rail E Line, Metro Rail L Line, Mitigation, Outreach, Partnerships, Payment, Plan, Procurement, Project, Regional Connector Transit Corridor Project, Regional development, Request For Proposal, Request for qualifications, Safety, Transit Oriented Community, Urban design, Westside/Central Service Sector
• Related files: 2020-0213

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
MARCH 18, 2020

Subject
SUBJECT: LITTLE TOKYO/ARTS DISTRICT STATION JOINT DEVELOPMENT

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
WITHDRAWN: AUTHORIZE the Chief Executive Officer to execute an 18-month Exclusive Negotiation Agreement and Planning Document (ENA), with the option to extend up to 30 months, with Innovative Housing Opportunities, Inc. (Developer) for the development of the Metro-owned Regional Connector Little Tokyo/Arts District Station (Site), subject to resolution of protest(s) if any.

Issue
ISSUE

In August 2018, Metro released a Request for Interest/Qualifications (RFI/Q) for the development of the Metro-owned Regional Connector Little Tokyo/Arts District Station Site (see Attachment A - Site Map). After evaluating eight responses received, Metro invited four qualified developers to respond to a Request for Proposals (RFP). After thorough evaluation, staff recommends entering into an ENA with Innovative Housing Opportunities, the highest-scoring firm.

Background
BACKGROUND

Joint development of the Site is a required mitigation measure for the Regional Connector Transit Project (Project) and presents an opportunity to activate the Little Tokyo/Arts District Station area with transit supportive uses that connect to the surrounding community. The Site is approximately 1.2 acres with approximately 30,000 square feet of developable area due to transit infrastructure constraints. While ideally situated to be both a regional transportation hub and gateway to culturally rich surrounding communities, its small size and physical constraints demand innovative approaches to create a compelling and financially stable project.

Metro's joint development process typically begins with creating Development Guidelines which accompany an RFP for a site. Given the Site's unique opportunities and challenges and the extensive community visioning and planning already completed i...