LaTerra Development is reconfiguring its mixed-use development in Burbank, and has decided to eliminate its planned 15-story hotel tower.
A draft environmental report reveals the developer cut the 307-key hotel tower from its LaTerra Select Burbank project, Urbanize reported. The Los Angeles firm’s eight-acre project that will still include apartment, hotel and retail components.
Located at 777 Front Street near the Burbank Metrolink station, the project will include 573 apartments spread among mid-rise buildings, according to Urbanize. Though the tower was eliminated, the hotel portion will remain. There will also be a retail, recreational spaces and parking.
Urban Architecture Lab is designing the project, scheduled to be completed by 2025.
Earlier this week, LaTerra Development filed plans for a new multifamily project in Mar Vista.
LaTerra, led by CEO Charles Tourtellotte, also has other residential projects planned around the county. In East Hollywood, the firm is working on a pair of developments that will bring 246 units to the booming area. Farther west, LaTerra is planning a 71-unit project on Santa Monica Boulevard.
Its investment in Burbank comes as CC Development Partners plans its 16.5-acre mixed-use project in the area. The joint venture, comprised of Crown Realty and Development and Arrow Retail, is working on a $400 million project that will bring 1,100 apartments and a hotel to Burbank. [Urbanize] — Natalie Hoberman