"The adaptation of electric vehicles is increasing," says Tecimer. "So we're installing more than 115 Level 2 EV chargers."
Timur Tecimer has its sights on the end of the first quarter of 2021. That's when the $ 300 million Avion Burbank, a 60-acre Mixed use Development in media rich Burbank, CA. – which includes office, industrial and sale space – should be opened for business operations. The product of a joint venture with Invesco real estate, Tecimers Overton Moore properties The foundation stone for the development was laid last year. When the dust clears, six buildings will provide 1.0 million square feet of industrial space, nine buildings 142,000 feet of creative offices, and 15,000 feet of retail space. In a separate contract with what Tecimer calls the "big hotel brand", a hotel with 150 keys will be added in the third quarter.
Under the wing of CBREThe pre-leasing at market prices is strong, reports the CEO of Overton Moore, "including in retail", as is the pre-sales – due to the fact that the office space, which is primarily geared towards the media and related industries, is also offered as Condominiums. The rented or purchased two-story office space provides potential office users with an alternative to the traditional vertical office environment, the proximity of which raises employee well-being and safety concerns during the pandemic. "Gone are the crowded lobbies, stacked park structures and generally the uncontrolled office ecosystem," said Tecimer. "We are proud of what we have created and the first signs indicate that the market is responding well to what we have to offer at Avion." . ”
“Content providers for old and new media, technology and entertainment seem to be driving early demand on our project. As the building has evolved, potential users are now gradually seeing the networking of development and how the creative industry, office, retail and ultimately hospitality will all live together in a harmonious, planned environment at Avion, ”he said Matt Hargrove, Vice Chairman of CBRE who leads Avion Burbank's marketing efforts.
Heaped in convenience
The joint venture used the acreage with an area ratio of 0.45 in line with the market and enabled the construction team to create a Tecimer “environment rich in amenities” in which top talent can be hired and retained. This includes cycling and hiking trails, indoor and outdoor conference areas and full WiFi access throughout the building. The plan "also allowed us to plant more than 1,200 trees and eight acres of open space." Access to the building will be contactless, he says, "critical in the current environment".
It should be noted here that the work in the depths of the COVID-19 pandemic continued unabated. Tecimer boasts that due to the security precautions taken in April that included workers' access to the project only through on-site approval by EMTs, only one reported case of around 300 daily workers came to light.
The development also offers transit access, with Metrolink stations on the edge, bus routes in close proximity, and the soon-to-be-modernized Hollywood Burbank Airport across the street. (There is a former Lockheed Martin Skunk Works in the country.)
The development is also LEED Silver Core and Shell certified and offers sustainability features such as “Green Streets”, HVAC with UV and mechanical filtering, and solar energy to generate at least 10 percent of the electricity required for the development. Additionally, "EV customization is growing," he says, "so we're installing more than 115 Level 2 EV chargers." The team is also wiring additional parking stalls and dock-high doors for any chargers for electric vehicles.
But it's the timing of the project that could be its biggest selling point. Burbank remains hot as a media hub and promises to keep growing. Netflix has just doubled its Burbank space, adding 171,000 square feet to its existing 125,000 feet, indicating a significant increase in new media content providers.
In terms of competition, Tecimer believes Avion Burbank will set the bar. "The only competition we have is going to be the 10th floor of a typical 12-story building," he says, adding that they have no operable windows, indoor and outdoor meeting areas in the offices, and exclusive lobby entries .
Nods to the community
The project is not only bound to the local community through transit. Local awareness of the development was central down to the student level, according to Tecimer: “We partnered with the Burbank Unified School District and asked each company working on the project to bring their senior executives to the local high schools to inform them young adults about the variety of jobs that are offered in commercial real estate. A total of over 600 students took part in the program. "
In addition, OMP hired four interns through a program called Youthbuild to work on the project and acquire professional skills for their professional development. “I would encourage any developer to participate,” he says.
What are the long-term effects of the project? "I'm biased, but I think Avion Burbank will set an example of the design and function of office and industrial environments," he concludes.
In addition to CBRE, the project team includes:
- Gensler, Office and Retail Design and Architecture;
- HPA architecture, industrial design;
- Millie and Severson, general contractors;
- Ridge Landscape Architects; and
- Venus engineering, civil engineering.