Burbank Town Center Could Be Redeveloped
Now that Ikea will be leaving the Burbank Town Center, Crown Realty & Development and CAPREF Manager LLC are making plans to redevelop the shopping center, according to Curbed.
The JV is proposing 40k SF of new retail tenants, an open-air plaza and open space for possibly a farmers market and other uses.
The proposed mixed-use project would include 765 multifamily units (600 N San Fernando Blvd) and 70 for-sale units (800 N San Fernando Blvd).
A new campaign for the development has been launched under the name “I Heart Burbank.”
The JV would have to get city approval to build the project. [Curbed]