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.

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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.

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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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Mack Urban is an integral part of development in the Los Angelesarea. The company has also partnered with AECOM tobuild a mixed-use multifamily complex on six acresin downtown Los Angeles. Mack Urban and AECOM purchased the land site last year for $80 million andrecently released the site plans, which include multifamily andhotel space as well as retail. Similarly, the site will alsoconsist of two buildings.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.