Child care and housing project to break ground
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Laura Sturza
MEDIA DISTRICT NORTH -- Working parents frustrated by a lack of child
care options will have another one when a new center -- set to break
ground this month -- opens.
In a partnership between the city and developer M. David Paul and
Associates, the center will offer services for 92 children. Alongside it
be new homes for moderate-income families who qualify financially. The
project, called The Cottages, is expected to be completed by April 2003
near the Burbank-Glendale-Pasadena Airport.
The child care center will be operated by a yet-unnamed nonprofit
corporation, and will offer as many as 20% of the spaces at subsidized
rates.
“There is such a need for high quality child care in Burbank, and
particularly in the infant and toddler area,” city Child Care Committee
member Deane Phinney said.
A 1999 study showed that 2,434 Burbank infants and toddlers needed day
care, compared to 173 available spaces. The parents of 3,710 Burbank
preschoolers vied for 1,818 openings at that time, officials said.
Half of the 20 homes will be designated as affordable housing and sell
for $190,000. The other 10 will be sold at fair market value, with any
profits more than $240,000 to be shared by the developer and the city.
The three-story single-family homes will have up to three bedrooms. Land
and improvements at the 200 blocks of North Ontario and North Fairview
streets will cost the city $3.4 million, with the developer spending
another $4.6 million.
While Senior Redevelopment Project Manager Jack Lynch said there is
not much profit potential in this project for a developer, M. David Paul
was picked from three applicants who responded to the city’s call for
proposals.
“It presented itself as a great opportunity for the company to get
involved in affordable homes,” the developer’s Project Manager Paul
Krueger said. “Before the (Redevelopment) agency removed the buildings,
it was a collection of deteriorated apartments and single family homes.”
M. David Paul’s other local projects include The Pinnacle and Media
Studios North.