PASADENA, CA—A joint venture between MackUrban, Mill Creek Development Co. andCigna Investment Management, the equity partner,have broken ground on a mixed-use development inthe playhouse district of Pasadena, CA. The development will costthe joint venture $50 million.
The development sits on 1.19 acres, which were previously ownedby Mill Creek Development Co. RTKL Associatesdesigned the project in a Spanish Revival style with two two- tosix- story buildings, 118 total units and 7,600 square feet ofretail space. The project also includes two levels of subterraneanparking with 220 spaces. The property will feature landscapedcourtyards, terraces, BBQs and outdoor fireplaces.
Located in the Pasadena playhouse district, the Spanish-stylearchitecture was inspired by the surrounding market. Once complete,the tallest building will offer views of the mountains as well asthe annual Rose Bowl and New Year's Day parades.Mack Urban was unable to comment on this development prior topublication.
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