http://la.curbed.com/archives/2012/0...artments_1.php
So, Curbed did a little tour of 8500 Burton Way. Of note:
-In addition to the Trader Joes, Caruso is looking for a small, hip, coffee shop to take over a corner retail space.
-This are truly luxury apartments. High end finished, designer furniture, etc. Concerierge (I can't spell) service to stock your fridge with Trader Joes.
-Interest is 'strong'. Leasing to begin this summer.
-Rents are higher then at The Americana.
-The Trader Joes will look more higher end.
If what they say is true, and interest is really that strong, then I expect to see many more of these types of developments (tall-ish, luxury, high density) to break ground in the area in the area or be proposed in the near future. Namely, I'm thinking of the building next to the Four Seasons that was proposed, the 12 story high-end apartment tower.