Burbank Gets First Industrial Area TOD
- Oct 11, 2017
Cusumano Real Estate Group selected Newman Garrison + Partners to design Olive Stations, a 324-unit apartment community in Burbank, Calif. This is the first multifamily transit-oriented development in the city’s industrial area and one of the first residential projects to be built in Burbank in over fifteen years. The community is slated for completion by 2021.
Located at 2021 West Olive Ave., the property aims to offer Millennials working in the San Fernando Valley a residential opportunity that is within walking distance from a train stop. The many shopping and dining options on San Fernando Boulevard are also easy to reach. Olive Stations comprises studios, one- and two-bedroom units as well as a few three- and four-bedroom apartments, in order to provide more affordable shared-housing options. The high-end asset will include both market rate and affordable housing units.
Communal spaces will feature amenities such as:
- retail stores
- organic grocery offerings
- terrace amenities
- outdoor movie theater
- bocce ball course
- fitness center
- club/lounge area with game room
- media center
- resort-style pool
- spa with cabanas
- outdoor dining and barbecue areas
“It is an honor to have been trusted with the opportunity to work on this enticing project of developing a property that has been owned by the Cusumano family since the 1970’s. We look forward to seeing this collaboration develop as we move through this innovative venture,” said Michael Cusumano of Cusumano Real Estate Group, in prepared remarks.
Image courtesy of Newman Garrison + Partners