NBC Universal is consolidating its two Los Angeles TV stations—KNBC and KVEA—along with the Los Angeles bureau of NBC News and the Access Hollywood studio in a new high-definition facility in Universal City, the company announced today.

The operations are now located on NBC Universal’s 34-acre lot in nearby Burbank, much of which the company plans to sell.

The West Coast News Headquarters and Content Center will be located on LankershimBoulevard directly across from Universal Studios, the Universal Studios Hollywood theme park and CityWalk.

A Red Line subway station and a sprawling parking lot now occupy the proposed site next to the 101 Freeway. The subway stop will remain and be part of the new complex.

The facility will be designed to achieve the U.S. Green Building Council’s standard for environmental sustainability with the latest in renewable power, energy and water efficient technologies, NBCU said.

Pending approvals, NBCU would begin the transition to the new complex by 2011. 

NBCU’s plan to centralize and upgrade its West Coast news operations is based on the same strategy the company is implementing in New York.

Today, the company unveils its NBC News World Headquarters at 30 Rockefeller Plaza in New YorkCity, where NBC Nightly News, Dateline NBC, Today, MSNBC and MSNBC.COM will be co-located. That facility opens later this month.

Additional plans are underway for the renovation and expansion of Stage One on the Universal lot, where a live audience theater will be the new home of The Tonight Show with Conan O’Brien in 2009.

NBC Universal said it is in the process of selling the Burbank property. But it expects to retain a portion of it and leaseback certain facilities, providing it with the option to keep some productions in Burbank for several years.