$45M Apartment Project Near South Hills Village T Station will Soon Break Ground
- Jan 22, 2015
A 301-unit transit-oriented apartment community with four buildings is slated to rise near the South Hills Village T station in Bethel Park.
According to the Pittsburgh Tribune-Review, locally based Massaro Properties and its joint venture partner, The Dawson Co. of Atlanta, have scheduled a spring construction start for the $45 million project. The new apartment asset, which was approved by the municipality’s planning commission on Jan. 12, will occupy approximately six acres of underused land and parking spaces. The developers are planning to lease the property from the Port Authority of Allegheny County.
“This will provide some additional revenue to Port Authority that they haven’t had in the past,” David Massaro, president of Massaro Properties, told the newspaper. “We have an arrangement to use some of the parking garage, using up some of the spaces that frankly aren’t being used right now.”
According to Port Authority spokesman Jim Ritchie, only about half of the parking facility connected to the South Hills Village T station is currently being used on an average day, with rates of $2 per day or $22 per month. Once the terms of the lease agreement have been finalized, the project will also need to be approved by the Federal Transit Authority.
Construction on the apartment community is estimated to last for about 16 months. Upon completion, the new development will offer one-, two- and three-bedroom apartments, with rents ranging from $1,000 to $2,000 per month.
Photo credits: Massaro Properties via TribLive