Replace slope with retaining wall

Hello,
our developer has graded the height difference to the adjacent field and also relatively wide (about 2m to the property boundary). The slope has a height of about 60cm on the left and about 100cm on the right, it is about 12m long. This continues with our row house neighbors for about 2 meters at the highest point. Our direct neighbor now wants to build his garden shed and is likely to retain the field with a few L-shaped stones in order to get as close as possible to the property boundary. I myself would also like to get rid of the slope because it takes up a lot of space and is not very nicely usable. I now had the following idea:

I build a wall out of shuttering bricks rising from left to right and relatively close to the field. This should catch the height difference well. In front of the wall, I would like to make a step as a kind of raised bed. Then there would only be little to retain, maybe I will do this with a dry stone wall, depending on what looks nice. I would then like to clad the shuttering bricks at the visible height. I thought of rhombus slats made of larch, which were also used on our house and are likely to be used by our neighbor for the garden shed as well. It would therefore fit in well visually.

The gain for me would be that I get rid of the slope and gain some bed area for the children and us for planting (a little fruit/vegetables and something nice) without losing lawn area (possibly even gaining some).

Well, I would like to put this proposal up for discussion. Do you think this approach makes sense? If not, why? Do you perhaps have other ideas?

I have planted the slope. Just a small step down to the lawn with natural stones.

The benefit for me would be that I get rid of the slope and, without losing any lawn area (possibly even gaining a bit), gain some bed area for the children and us to plant (a bit of fruit/vegetables and something nice). Well, I would like to put forward the proposal for discussion. Do you consider this approach sensible? If not, why? Do you maybe have other ideas?

Honestly? I wouldn't go through all that effort. The slope is nicely small and can already be a great bed. Maybe one or two rows of natural stones at the very bottom for decoration (a neat edge) and then plant it beautifully. Especially with the open field behind, it will surely look great.

True enough, that would certainly be an alternative. We don’t have much garden space, so one tries to throw themselves into work in that area. I would still find a small step in the 1m high part nice. How do you implement something like that? Do you make a compacted base with gravel at half the height? A concrete foundation for the remaining 50cm is probably not necessary, right?

On our north side, we have also stabilized a small slope leading to the adjacent meadow with a dry stone wall made of river stones and planted it with shrubs and perennials. Length of the wall approximately 14 meters, height approximately 50 to 60 cm, depth approximately 80 cm.