NBC Universal announced plans to build almost 3,000 homes, along with new offices and production facilities, on its prime land holdings in Los Angeles, which are also adjacent to a subway station.
"Universal City, already the world's largest movie studio lot, would also become a major office and residential hub as part of a $3-billion development plan unveiled Wednesday by owner NBC Universal.
Under the proposal, the historic studio would add a neighborhood with 2,900 homes and apartment units - creating a new community at a time when large parcels of land for new housing are virtually unavailable within the urban core."
"The plan conforms to current urban planning trends that favor dense development around public transportation nodes. Universal is adjacent to a Metro Rail subway stop and near two freeways. New parking facilities also would be added near the subway terminal."
FULL STORY: A cast of thousands of homes
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