Legacy the New Developer For Large Burbank Project.THREE months after Regent REGENT. 1. A ruler, a governor. The term is usually applied to one who governs a regency, or rules in the place of another. 2. In the canon law, it signifies a master or professor of a college. Dict. du Dr. Call. h.t. 3. Properties pulled the plug on plans to develop a $100 million mixed-use mixed-use adj. Containing or zoned for commercial and residential facilities or development: a 40-story mixed-use tower; a mixed-use parcel of land. project in Burbank's downtown core
The Downtown Core is a 266-hectare urban planning area in the south of the city-state of Singapore. , another developer has stepped up to the plate. Legacy Partners is in exclusive negotiations with the city on a development agreement for a mixed-use project on the 3.4-acre site bounded by Olive Avenue, San Fernando San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. Boulevard, Angeleno An·ge·le·no n. pl. An·ge·le·nos A native or inhabitant of Los Angeles. [American Spanish Angeleño, after Los Angeles.] Avenue and Third Street. Legacy had been on a short list of potential developers a year ago, but Regent beat it out, then quashed its plans because it was unable to secure financing for a 300-room Marriott hotel. Legacy has submitted several different concepts, including everything from office space to retail shops, restaurants, residential units and a hotel. "We need to work through the viability of each of the concepts," said Bill Shubin, a partner at Legacy. "The key issue is, what is the likelihood of getting a hotel at the site?" He said he didn't know why Regent was unable to do the deal, but added that Legacy shouldn't have a problem obtaining financing. "We have a whole broad list of financial partners we have financed deals with in the past," Shubin said. The property, once the site of a police station, is currently a mix of stores, a Masons' lodge, parking lots and vacant land. |
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