Another newbie developer flexing its wings on little ole’ Burbank.
We’re becoming like one of those Mexican whores who specializes in dads bringing their sons in for a good first time:
The Burbank skyline may have a new addition. Connecticut-based firm Lexham Realty is waiting on city approval for a 13-story residential building with 40 units in the Burbank Media District at 115 North Screenland Drive.
If approved, the project dubbed “Screenland Lofts” would represent Lexham’s first ground-up residential development in Burbank. According to the firm’s website, it owns two commercial properties in the city — the mixed-use 25,000-square-foot 224 East Olive Avenue and 3808 Riverside Drive, a 40,000-square-foot office property located in the Burbank Media District. The Screenland Lofts project calls for 40 two-bedroom apartments and amenities such as a second-floor terrace garden, rooftop swimming pool and possibly a fitness center.
The 170-foot structure would also encompass more than 3,700 square feet of commercial space on the ground floor and an underground 229-car parking area. The commercial area will lend to restaurants and retail, according to the project’s architectural firm, Roger Ferris + Partners. The residential lofts are designed with with “large, open terraces that act like stacked ‘front porches,’” the company said on its website.
Burbank is home to numerous high-profile media companies including Walt Disney, Warner Bros. Entertainment, Marvel Studios and ABC Studios. The district saw 28,320 square feet of positive absorption in 2014’s fourth quarter. The Screenland Lofts project has yet to establish a budget or timeline.
Affordably low and moderate income of course. The kids’ll love the pool. (What street is that supposed to be in the picture? It looks like all the neighbors have been torn out.)
Btw … who builds 13-story buildings?
And who on staff is bringing these people in to convert this town to a 21st-Century Mixed-Use Paradise? It’ll look good on their resumes, yes.