Glendale development is slowly waking back up--the City Council and the Glendale Redevelopment Agency approved the big Lex on Orange apartment project for the downtown area earlier this week. According to the Glendale News-Press, Lex on Orange developer Crown Realty & Development Corp. describes the project as "hip, urban, luxury," which explains the "Las Vegas-style poolside cabanas" included in the project.
The $52 million development will be made up of two five-story buildings--one with 103 apartments and the other with 204 (that's a total of 307). It will also have three street-level live/work units. The project site covers 2.6 acres on the block bordered by Lexington Drive, West California Avenue, North Orange Street, and Central Avenue.
Lex on Orange will break ground as soon as building permits are issued--probably in the first half of 2012. The project required RDA approval because it sits in a redevelopment area within the Downtown Specific Plan Area.
The project used no public funding and, refreshingly, is fully funded, according to Crown Executive Vice President of Development Jim O’Neil. Once construction begins, the project will take about 22 months to complete.
· City OKs 307-unit downtown apartment complex [Glendale News-Press]