Largest Project of the Year Breaks Ground

The property will have 494 apartment units and 8,140 square feet of ground floor retail.

LOS ANGELES— Century West Partners has broken ground on Next On Lex , a $280 million mixed-use development and the largest project to break ground so far this year. Located in Downtown Glendale, the six-story property has 494 apartment units and 8,140 square feet of ground floor retail space, which will be anchored by a Citibank. The developer will deliver the first units in the fall of 2018 and the project will be completed in the fall 2019. “Our goal is to build the ‘biggest, baddest’ project in Glendale,” Steve Fifield , co-founder of Century West Partners, tells GlobeSt.com. “We want to build a ‘fortress’ community that’s so amenity laden as to give our renters a complete community to live the California lifestyle. We are accomplishing this with a robust amenity package that includes an oversized gym, yoga, pool, dog park, media rooms, demonstration kitchen in the party and entertainment room, multiple roof decks and sunning areas as well as the best finished apartments of any project in the area.” Residents of Next On Lex will enjoy a wealth of onsite amenities, including bicycle parking, onsite storage space, underground parking, robust business center, yoga studio and large fitness center, competition-sized pool and hot tubs, media room, game room, private massage room, party room and kitchen, sky lounge, landscaped rooftop deck and courtyard and multiple sun decks. The interior units also exude luxury with stainless steel appliances, plank flooring, quartz countertops, luxury bathrooms features and washer/dryer in each unit. KFA is the lead architect on the project. Glendale has gone through a recent revitalization, and has seen plenty of multifamily development . The market is also home to the Disney and Dreamworks campuses. “It’s in the heart of the entertainment employers from Hollywood to the tri cities,” adds Fifield. “Downtown Glendale is another WEHO/Grove area in number of retailers and entertainment options, all of which are walking or bike distance from Next.” Fifield expects the property will attract a broad range of demographics. “We’ll get singles, couples and even some empty nesters as we see more rent by choice tenants looking for not just an apartment, but a lifestyle and greater sense of community,” he explains. Century West Partners secured a $126.4 million loan for the development of the project as well as equity from Essex Partners . Union Bank , MidFirst , and Manufacturers Bank funded the debt, which CBRE ‘s Brian Eisendrath and Brandon Smith secured on behalf of the borrower.