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May. 14, 2014

Construction on Next Phase of Mosites Co.’s East Side Project Could Begin This Summer; Cenevo Signs Major Lease at RIDC Westmoreland

By Adriana Pop, Associate Editor

Local development company Mosites Co. is planning a summer construction start for Eastside III, a mixed-use, three-building complex in the city’s East Liberty neighborhood.

According to the Pittsburgh Business Times, the project would bring a total of 360 apartments and 40,000 square feet of retail space on a four-acre site that extends from Highland to Penn Avenue. Plans also call for a public boulevard, rooftop gardens and energy-efficient appliances inside the residences.

The project is scheduled to receive a vote from the Pittsburgh Planning Commission in the next few weeks. If approved, construction on the first building, which would include 109 apartments, could begin in August and last for about a year.

The new development will be part of the new multi-modal East Liberty Transit Center, which is expected to serve nearly 1,000 daily bus trips. Upon completion, the project will also feature a parking structure for more than 500 vehicles.

The company’s other phases of the East Side master planned development brought major national tenants to the neighborhood, including Whole Foods and most recently, a Target store.

In other news, Cenveo Inc. has agreed to lease nearly 300,000 square feet of space at RIDC Westmoreland, the former 2.8 million-square-foot Sony plant in Mount Pleasant.  

According to the Pittsburgh Business Times, the transaction ranks as one of the region’s largest leases of commercial property this year.

Over the next three months, the Stamford, Conn.-based company will be relocating operations from a 450,000-square-foot facility near Scottdale in Fayette County to the new space in Westmoreland County.  

The Pittsburgh office of Colliers International represented Cenveo in the lease negotiations, the newspaper reports.

A leading global provider of print and related resources, Cenveo generated net sales of $1.8 billion last year. In August, the company announced the acquisition of its competitor National Envelope out of bankruptcy, which had been operating the Scottsdale facility.

Photo credits: mosites.net

 

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