San Fernando Valley Business Journal

Talaria Approved by Burbank Planning Board

By Elliot Golan Tuesday, August 26, 2014

The $150 million Talaria at Burbank mixed-used development was unanimously approved by the Burbank Planning Board on Monday night.

The 3401 W. Olive Ave. upscale project in the center of the Media District near the Burbank Studios would comprise 241 apartments in four stories and a ground floor Whole Foods grocery on 3.8 acres.

It is being developed by Cusumano Real Estate of Burbank and is tentatively scheduled to go before the Burbank City Council for final approval on Sept. 30.

Cusumano Managing Partner Michael Cusumano called the recommendation from the planning board “another step forward” for the 400,000-square-foot project.

“The project’s emphasis on traffic reduction, sustainable design and moderate density were recognized and were key elements in garnering support throughout the community,” he said in an email.

The Olive Avenue property is now the site of several small multifamily buildings, office space, a church and Dimples, a karaoke bar that opened in 1982 – all of which are on short-term leases with Cusumano and would be demolished.

The upscale Talaria would replace that with 84 one-bedroom, 123 two-bedroom and 33 three-bedroom units. Amenities include two open courtyards, a lap pool, outdoor barbecue area, private lounge, fitness center, laundry and dry-cleaning pickup service, on-site ATM and free high-speed Internet in some common areas.