Matt Cooper and MGMT Upgrade Plans for 72 Homes in Burbank

Businessman Matt Cooper and MGMT Partners want to swap a grocery store for more homes at a mixed-use development planned in Burbank.

Cooper, a Hollywood filmmaker, and the Sherman Oaks-based developer have upgraded plans for the four- and seven-story project at 4100 Riverside Drive, Urbanize Los Angeles reported. It would replace a 14,000-square foot commercial building.

Their revised plans, citing the concerns of neighbors, call for dropping the boutique market and building nine townhomes and 63 apartments above 22,000-square-feet of shops and restaurants.

The initial proposal filed last summer included 44 apartments above the grocery and other ground-floor tenants at Riverside Drive and Pass Avenue, two blocks from the historic Bob’s Big Boy in Toluca Lake.

Plans include a three-level underground parking garage for an unspecified number of cars. The revised development proposal includes eight affordable housing units.

“The addition of townhomes helps our city with much-needed ‘for sale’ product, and hopefully allows young families in Burbank the opportunity to own a home,” Cooper said in a statement. “The new design also allows us to pull the building density even further back from the existing single-family community, which is important to us as good neighbors.”

The gray-and-turquoise project, designed by London-based Hawkins/Brown Architects, includes four-story townhomes and a seven-story, mixed-use apartment complex with banks of windows and inset balconies.

The proposed project in Burbank is the fourth from the Cooper-MGMT-Hawkins\Brown team, following office, hotel and housing developments at 1415 Cahuenga Boulevard, 1000 Seward Street, and 1235 Vine Street in Hollywood, according to Urbanize.

As of 2021, Cooper and a partner Plus Development had seven projects in the works, with plans to spend $1 billion on national and international projects, according to the Los Angeles Business Journal.

Cooper co-owns several post-production facilities in L.A., including The Post Group, Runway Edit, Evergreen Recording Studios and Shapeshifter Post. The new complex in Burbank would be built three blocks west of 3700 Riverside Drive, where Burbank city officials have approved a project of 49 units by Pasadena-based Toledo Homes on the site of the Lakeside Car Wash.