Set-asides people. Set-asides.
If we had a decent city council this would be a complete deal breaker for the project:
Burbank planning officials and a local developer gathered additional information and listened to concerns from residents before they draft a report for a proposed large-scale, mixed-use project in the downtown area.
Michael Cusumano, co-owner of Cusumano Real Estate Group, presented plans during a scoping meeting Monday night for Premier on First, a project that would be built on a 1.8-acre lot on First Street between Verdugo and Tujunga avenues. It will include high-end apartment units and either a hotel or an office building, according to the plans.
The development group is looking to build a 14-story tower at the corner of First and Verdugo consisting of 154 apartment units and about 10,400 square feet of retail space on the ground level. The building is planned to have 445 parking spaces, a swimming pool and a roof deck.
Cusumano said that he did not know what rent for the one-bedroom, two-bedroom and penthouse units would cost, but he estimated the units would lease for about $2.75 to $3 per square foot.
“These will be upper-income apartments,” he said.
From that figure alone he knows damn well what the prospective rents will be. He just doesn’t want to say it.
What the hell is going on in this town? The last thing we need are these kind of ersatz high-end units. Didn’t Mark Scott finally move away, the poor thing? He was the only person we’ve ever heard say they couldn’t find any acceptable places to live here on their income level.
You know something’s gone seriously wrong when your own city manager-pick has the audacity to make such a ridiculously spoiled and lame complaint about his new place of business. Burbank wasn’t the problem on that one. It was him.
Where the hell do these people think they live? Or are building? This is a totally unnecessary and undesirable project as well, one that is completely out of scale with the surrounding area.
The Burbank City Council also needs to start requiring these lofty minded developers to set aside a good number of lower- and moderate-income units as a strict condition for their approval. That’s an ordinance we’re looking forward to see go on the books.