Construction Wraps on Second Phase of Burbank’s First Street Village

Downtown Burbank has added to its housing and retail with the completion of the second phase of First Street Village, a three-phase mixed-use apartment community located at the intersection of First Street and Magnolia Boulevard. Totaling 275 units with 18,000 square feet of ground-floor retail, First Street Village represents the largest mixed-use development in Downtown Burbank since 2005.

Phase One attracted three new retail tenants to downtown including Flow Wine Bar, Hardcore Fitness, and Hollywood Pet Grooming Pet Store. Phase Two has announced a lease with High Impact Pilates and is negotiating for the remaining retail spaces.

“The immediate leasing success of First Street Village reflects the pent-up demand for new housing in downtown Burbank,” said First Street Village developer Tim Behunin.

In addition to First Street Village, Downtown Burbank will add a multifamily mixed-use development by LaTerra Development with 573 under-construction housing units adjacent to a 307-key hotel. LaTerra is set to open in January 2025.

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