Gangi Development Opens Retail, Housing Project

Gangi Development Co., Glendale, has opened a $20-million mixed-use project in Burbank. The new complex comprises a 146-unit senior housing community surrounded at street level by 55,000 square feet of retail space. The senior housing is 100% occupied at opening, while the retail is 80% leased, Gangi said.

The project is bounded by Palm Avenue on the east, Magnolia Boulevard on the west and Third Street on the north. East West Bank provided the financing.