Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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Your Next Commercial Real Estate Destination FIRST STREET VILLAGE First Street and Magnolia Blvd A proposed project at First Street between Magnolia Blvd and the alley southeast of Palm Avenue. • Tree 5-story structures equaling 283 apartments • 13,765 sq. ft. of retail • 662 parking spaces PREMIER ON FIRST 103 East Verdugo Ave A proposed mixed-use development project in Downtown Burbank with two 14-story towers phasing-in between 2020 to 2023. Phase I • 154 residential units. • 10,400 sq. ft. of ground level retail space. • 445 new parking spaces. Whether you're a commercial broker seeking new space, a business owner wanting to expand, or an individual entrepreneur searching for a progressive work environment, you'll find Burbank a dynamic and competitive city with superior service and a thriving business scene. BURBANK BOASTS: • NO CITY INCOME TAX • NO GROSS SALES RECEIPT TAX • SOLAR POWER REBATES • ONE BURBANK – HIGH SPEED FIBER OPTICS NETWORK • Swimming pool • Roof terraces • Dog park WHY DO BUSINESS IN BURBANK? A vibrant commercial destination just 15 minutes from Downtown Los Angeles, Burbank is home to: • 105,500 residents • 100,000 daytime workforce including 62,800 creative industry jobs • 470,000 population within a 5-mile radius • Average family incomes exceeding $96,000 annually • Per capita sales of over $6,500 BURBANK For additional information, please contact: Mary Hamzoian, Economic Development Manager Phone: 818-238-5180 • Email: econdev@burbankca.gov Website: econdev.burbankca.gov RECENT LEASING ACTIVITY AIRPORT DISTRICT Walmart Superstore DOWNTOWN BURBANK European Wax Center, Five Guys Burgers and Fries, Steak n Shake, Gyu-Kaku Japanese BBQ, Yard House, Wood Ranch BBQ & Grill, Guisados, Touchstone Climbing, Tesla Motors (South End), SpringHill Suites (South End) MAGNOLIA PARK Morphe Brushes, Slone Vintage, Unique Vintage (remodel), Te Hangar Grille, Te Mag Park Store MEDIA DISTRICT Olive & Tyme (expansion), Whole Foods Market (opening 2018) Phase II • Proposed office /hotel building

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