Affordable Housing - Pittsburgh
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Penguins, Local Officials Reach Major Redevelopment Deal for Ex-Civic Arena Site
The Pittsburgh Penguins hockey club has reached an agreement with the City to redevelop the 28-acre site of the now-demolished Civic Arena, the team’s former home in the Hill District.
11 September 2014 16:03 -
Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh’s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment
The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports.
02 July 2014 20:14 -
Apartment Redevelopment Project in Downtown Pittsburgh Nears Completion
Red Rocks Group is converting the 19th century building at 121 Seventh St. in downtown Pittsburgh into 40 loft-style apartments.
07 May 2014 20:10 -
Boston Firm Acquires Landmark Union Trust Building in Downtown Pittsburgh
The Davis Companies, a real estate investment and development firm based in Boston, has acquired the historic Union Trust Building in downtown Pittsburgh. According to the Pittsburgh Post-Gazette, the company purchased the property for $14 million at a recent sheriff sale.
10 March 2014 15:33 -
Developers Invest $19M in Acquisition and Renovation of Moorehead Tower in Pittsburgh
Beacon Communities Development LLC of Boston has partnered with local firm Ralph Falbo Inc. to purchase and renovate the Moorehead Tower, an iconic 141-unit affordable senior housing property in Oakland.
16 January 2014 20:24 -
Tryko Partners Acquires Affordable Multifamily Community in Leechburg
Private equity real estate group Tryko Partners, LLC has announced the acquisition of Sandalwood Apartments, an 86-unit affordable multi-family community in Leechburg, PA.
20 December 2013 16:22 -
Hotel d2 and Cobblestone Plan New Hotels in Connellsville and Millvale
As part of its Community Hotel Development Initiative, Hotel d2 Services has partnered with Wisconsin-based Cobblestone Hotels LLC to develop two new properties in the Pittsburgh region. According to the Pittsburgh Business Times, a new 54-room hotel is slated to rise in Connellsville, while another 51-room development is planned for Millvalle.
13 December 2013 16:23 -
New Mixed-Use Neighborhood Development Coming to Pittsburgh’s Hill District
The city's Urban Redevelopment Authority has approved a $16 million residential and retail development for the historic New Granada Theater Block in the Hill District. The Residences at New Granada Square is a project that involves the construction of a mixed-income, mixed-use building on a vacant site between Wylie and Centre Avenues. The U-shaped structure will offer 16 two-bedroom apartments and 35 one-bedroom units. Out of a total of 51 apartments, 42 units will be affordable to households with incomes at or below 60 percent of area median income; the rest will be rented at market rate. Plans also call for 7,200 square feet of retail space, approximately 25 on-site parking spots and a courtyard.
16 November 2012 18:56