Seven-story office tower planned for Burbank media district parcel
Chicago-based Higgins Development Partners is close to breaking ground on a seven-story, 363,000 square-foot office building on 6.3 acres at 2300 W. Empire Blvd. The $130 million project is the company's first major development in the state, since the 2001 completion of the Yahoo! corporate campus in Sunnyvale. Chicago-based Walton Street Capital, LLC is financing.
It's not exactly a new project _ the property was entitled back in 2001 and is the last undeveloped portion of the former Lockheed Skunk Works site where the Burbank Empire Center now sits. City planners are going over plans to see whether they conform what's allowed.
From the release:
"Higgins is committed to developing office product throughout California," said Nader Shah, senior vice president with Higgins Development Partners. "2300 Empire Center has the distinction of being one of the last entitled development sites in Burbank, and we are already hearing from area tenants with requirements for new space inthe constrained Burbank market."Located at 2300 West Empire Boulevard, in the Media North District of Burbank, 2300 Empire Center is being designed by the architecture firm Ware Malcomb. The project is situated just off Interstate 5, near Bob
Hope Airport and adjacent to a Marriot Courtyard and Extended Stay America. Nearby amenities include the Burbank Empire Shopping Center, which is home to tenants such as Best Buy, Lowe's, Target, the Great
Indoors and several restaurants.
Groundbreaking is slated for September 2007, with completion of the project scheduled for late 2008. CB Richard Ellis will handle the leasing.