Oxford Development JV Secures $67M to Build in Pittsburgh
This will be the first community in the heart of the city's entertainment district.
A joint venture between Oxford Development Company and RDC secured funding for 21 West, a 291-unit multifamily development in Pittsburgh. JLL Capital Markets worked on behalf of the developers to secure a $67 million construction loan from Dollar Bank.
JLL Capital Markets’ debt advisory team representing the borrowers was led by Senior Managing Director Nick Unkovic and Associate Zach Barone.
RDC brought on AE7 Architects to design the project.
Upon its completion, 21 West will span 313,000 square feet of living space across 11 stories. The community will be sectioned into studio, one- and two-bedroom apartments. Common-area amenities will include a sky bar on the 11th floor, pool and rooftop deck, a coworking space as well as a cross-fit gym with a wellness suite.
Located at 430 W. General Robinson St., the future 21 West will be the first multifamily community located in the heart of the city’s entertainment district. Acrisure Stadium is half a mile away, sitting right off the Allegheny River. Other recreational activities including The Andy Warhol Museum and the Museum of Illusions, which are just under a mile away.
Pittsburgh market growth
Last year was a strong period for the multifamily market in Pittsburgh. According to a Yardi Matrix report from October of 2024, several of the metro’s metrics were above the national average. These include rents, which in Pittsburgh were up 2.4 percent year-over-year, significantly above the 0.8 percent national figure.
READ ALSO: National Multifamily Report – March 2025
Steel City’s development market remains lively, too. In January, flexible use developer Placemakr opened The Pennsylvanian, a 240-unit community that will also offer short-term stays near the Amtrak station.
In nearby Township, Pa., Alpha Residential is planning a 352-unit single-family rental community. It will be the firm’s second development located in the suburbs of Pittsburgh, and is expected to come online in spring 2027.
