"It was absolutely amazing," said Scott Seaman-Digby, who attended the meeting with fellow councillor, Carol Melvin.
"Everything seems to have changed. We've certainly influenced at the right time."
He said Graeme Craig, TfL's director of commercial development, says TfL is reviewing its whole land sell-off scheme.
Shops in Station Approach were to be sold to developers Bride Hall and turned into a Sainsbury's supermarket, but more than 7,000 people signed a petition against it.
"The mayor [Boris Johnson] has asked them to review how they work with communities across the capital," said Mr Seaman-Digby.
"That's what they said they're going to do and that's a great thing. The mayor has a vision for London.
"Something will happen in Northwood, but they've committed to interacting and talking to the lease holders about what would fit best.
"They say now they will retain freehold and not sell it off to the developers so everything has turned on its head. They're going to retain the land and look to make long-term revenue rather than cash."
The sell-off would have put almost 20 independent traders in Station Aprroach out of business and left tenants above the parade of shops homeless.
Tony Ellis, Chairman Northwood Residents’ Association and Save Our Northwood campaign group and MP Nick Hurd also attended.
“The meeting was both frank and constructive," said Mr Hurd.
"TfL were left in no doubt about the need to rebuild trust and engage with local businesses.
"They will be putting out a statement very shortly which will clarify their position and the next steps.
"There seemed to be a common desire to work together to find a better solution for Northwood and I welcome that”
Mr Ellis said they aired their feelings and made it clear to TfL that had a lot of work to do to gain the trust of the community.
"We aired all our feelings and we told them we didn't trust them and asked how we could work together," he said.
"It was very positive.
"The whole thing has been triggered off by our vehement opposition."
