Worthe Real Estate Group is planning a five-story residential tower on a vacant, triangular-shaped parcel just north of the 134 Freeway in the Burbank Media District.
The project, located at 3201 W. Olive Avenue, would see the construction of a mixed-use building featuring 144 apartments above 1,058 square feet of ground-floor retail space and two levels of subterranean parking. The apartments will be a mix of studio, one-, and two-bedroom units, with 15 to be set aside for rent as affordable housing.
Downtown Los Angeles-based Wolcott Architecture is designing the proposed Bob Hope Center residential project, which has space along the southern side of the building dedicated to a swimming pool and amenity deck. A portion of the property would be converted into Bob Hope Park, a publicly accessible area with a statue of the iconic comedian in the center.
The project is located immediately east of Talaria, Cusumano Real Estate Group’s 2019-debuted mixed-use residential project that features a Whole Foods Market on the ground floor.
Santa Monica-based Worthe owns several development sites in Burbank. The firm is behind the Frank Gehry-designed Warner Bros. Second Century project — an overhaul of the Warner Bros. lot — approaching completion to the east of the Bob Hope Center site. Worthe has a $500-million soundstage and office complex in development at the historic Warner Bros. Ranch property, and the company is also partnering with Blackstone on a 500,000-square-foot high-rise office tower near Warner Bros. studios.