With nearly $200 million in construction financing in hand, LaTerra Development has commenced work on a larger multifamily residential complex on the outskirts of Downtown Burbank.
The project at 777 N. Front Street, a joint venture with QuadReal Property Group, will feature a total of 573 apartments - including 69 units deed-restricted affordable housing.
Urban Architecture Lab and TCA Architects lead the design team for the project, dubbed LaTerra Select Burbank, which will consist of four buildings ranging from seven to eight stories in height. Plans call for a series of common amenity decks in each building, as well as additional open space at the roof of a parking garage shared between the buildings.
Entitlements for LaTerra Select Burbank, which was estimated to cost $375 million in 2020, would also permit the construction of a 307-key hotel, approximately 1,100 square feet of ground-floor retail, and parking for more than 1,500 vehicles.
At the southern corner of the project site, plans call for a 30,000-square-foot landscaped transit plaza adjacent to Magnolia Boulevard, with vertical circulation elements connecting with Downtown Burbank and the neighboring Metrolink station.
LaTerra, which is headquartered in Century City, has also secured approvals for even larger project featuring 862 apartments and roughly 150,000 square feet of offices at the former site of a Fry's Electronics store elsewhere in Burbank.
- LaTerra Select Burbank (Urbanize LA)