Developer Completes Multifamily Conversion Project in Pittsburgh
Burns & Scalo has completed the redevelopment of the former Goodwill Building at 2600 E. Carson Street on Pittsburgh’s South Side. Dubbed “The Brix at 26”, the $34 million reconversion project is now ready for occupancy and offers 87 market rate apartments, 91 parking spaces and 10,397 square feet of retail space.
According to CoStar, 20 percent of the building’s residential units are already pre-leased. Most of the apartments are one-bedroom units, while only a few feature two bedrooms.
“This project could not have happened without the support of the Mayor and the URA’s active involvement,” said Jim Scalo, president and CEO, Burns & Scalo.
Construction began in January of 2012. The developer has been granted a $5.5 million Redevelopment Assistance Capital Program grant for core and shell work, as well as $6 million in historic tax credits. Amore Management Company is now handling operations and leasing.
In other news, Canonsburg-based Horizon Properties is building an 84-room Hampton Inn hotel off Interstate 79 in Bridgeville. According to the Pittsburgh Business Times, the new five-story property 300 Old Pond Road will be owned by Bridgeville Hotel Associates LP and managed by Horizon Hospitality.
Upon completion, the hotel will offer 1,250 square feet of meeting space, an indoor heated pool, and a fitness center, as well as complimentary hot breakfast and high-speed internet access. All rooms and suites will include a refrigerator and microwave, along with high definition TV. Construction is expected to be complete by December 2013.
Horizon Properties also owns the Cambria Suites in Washington, Pa. and Pittsburgh, a Hampton Inn & Suites in Blairsville, and a Hampton Inn in Waynesburg.
Photo credits: http://www.burns-scalo.com