Over a year-and-a-half after we last checked in, the latest component of the First Street Village development is starting to rise in Downtown Burbank.
The project from Del Rey Properties and Chandler Partners, which spans a 3.4-acre property at the intersection of 1st Street and Magnolia Avenue, will consist of three buildings featuring a combined total of 275 apartments and 19,000 square feet of ground-floor commercial space at completion.
A project website for the first completed building advertises a mix of studio, one-, two-, and three-bedroom dwellings for rent. Rents for the units, which range from 468 to 1,899 square feet in size, start at $1,404 per month and run as high as $5,792 per month.
CBA Partnership is designing the mixed-use complex, which will include five- and six-story buildings organized around T-shaped central courtyards. Each of the three buildings would also include terrace decks.
At the time of the project's groundbreaking in mid-2020, completion of the Village's first phase was expected in 2022.
The First Street Village is one of a handful of large mixed-use project slated to bring new housing and commercial space to Downtown Burbank, including new developments at 777 Front Street and adjacent to the Burbank Town Center Mall.
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- First Street Village (Urbanize LA)