The Achievers Group... Getting you the latest on the hottest and hippest place this side of Hollywood. Where condos are selling in the $650,000 range, with one corner 1,800 sq. ft. townhouse in The Village selling for over $800,000 and where in the next three years, nearly 300 live / work lofts will be added in Downtown, Burbank is definitely the "IN" place to live, work and play. It's not just a home... IT'S A STATEMENT!
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*GENERAL FACTS:
Downtown attracts young professionals -- hip, working in the entertainment business (six major studios are nearby – Warner Bros., Cartoon Network, Disney, NBC-TV sound stages, ABC Television, Nickelodeon) and the City itself boasts more than 700 post-production houses employing cutting-edge individuals, and adding a cosmopolitan flair.
Of the 100,000 office workers who daily fill Burbank’s businesses and retail establishments, 29,000 of them work in entertainment.
Demographics are excellent: Incomes average $62,300 with 25% earning over $75,000, and density is high, with 460,100 households in a five mile radius.
Burbank’s retail sales rank in the top 10 of all 88 LA county cities. They exceed those of Beverly Hills by 20%. The City’s per capita retail sales are double Los Angeles County’s: $18,000 vs. $9,900.
Pomodoro Cucina Italiana is the most successful Pomodoro in Southern California to date. It opened #1 in its district, beating out sales at established locations like West Hollywood, Manhattan Beach and Woodland Hills.
Cold Stone Creamery is #1 in sales volume for all of California.
Urban Outfitters consistently beats its Old Pasadena counterpart, as does O My Sole and Gordon Biersch.
Active was initially shocked by their sales volumes in Downtown Burbank. They were not prepared for the demand and now consider it a high volume store.
Skyblupink, a Downtown Burbank favorite, remains open until 10:00 P.M. on Sundays due to high foot traffic and sales.
Wait-time at PF Chang’s on Friday and Saturday nights is frequently 1 ½ hours.
PF Chang’s sales are projecting at $760 per square foot in its first year of operation.
Romano’s Macaroni Grill sales are projecting at $4.3 million in its first year.
Islands performs in the top ten of the company.
Rocky Mountain Chocolate Factory’s grand opening was among the highest experienced in the chain.
*Info Courtesy of: Downtown Burbank Partnership, Inc.