At the new Cusumano Charter Academy of Real Estate and Finance, that’s where!**
Notice a problem here in the first paragraph of the story?
The owners of the Burbank Town Center are looking to add several hundred apartment units and a small hotel near the struggling mall.
In April, CAPREF Manager LLC announced its plans to revamp the mall with an updated interior design and new facade on the Magnolia Boulevard entrance, which includes an outdoor escalator and public space to create a more open feel.
Additionally, the real estate operator will be working with Crown Realty and Development Inc. to build a seven-story, mixed-use development with 765 apartments where the outgoing IKEA store is located, along with 35,000 square feet of retail space at ground level.
Several hundred means two or three, maybe four. Not 765. Their subhead also talks about this plan being “ideas,” like it’s just a suggestion folks. Maybe we’ll put a carousel in there too!
** To be fair, the Cusumanos probably aren’t too happy about this IKEA project, if only because they’ve got one of their own being planned for the other side of Olive.