A development team comprised of Massaro Properties, the Langholz Wilson Ellis real estate firm, and architect Tasso Katselas Associates will repurpose the health department building in Oakland into hotel and office space.
According to the Pittsburgh Post-Gazette, the developers are about to acquire the property currently owned by Allegheny County for $4.9 million. The group hopes to finalize the sale by the end of the year, after a period of due diligence.
Economic development director Dennis Davin told the newspaper that the sales agreement received the county council’s approval in November 2009, but it was eventually postponed because of the recession. Meanwhile, Kratsa Properties, another developer that was part of the team, withdrew from the project.
The proposed development at 3333 Forbes Avenue includes a 50,000-square-foot office building, a 168-unit hotel, and parking. Construction is expected to begin early next year and be complete in 2015. Last December, the developers paid $385,000 for an adjacent property at 3337 Forbes Avenue which would offer easier access to the hotel.
In other news, the Pittsburgh Post-Gazette reports that construction on a planned residential development in Cranberry Township could begin this summer.
Called the Links of Cranberry, the proposed neighborhood is the first project of its kind in five years. Plans call for approximately 300 new homes and apartments near the Highlands Golf Club, along Freshcorn and Glen Eden roads, as well as extensive landscaping, parklets and pedestrian walkways.
Dan Ryan Home Builders of Pittsburgh will develop the first phase of development, comprised of 20 townhomes and 21 single-family homes. Morgan Management of Rochester, N.Y. will be in charge of the second phase of the project, which involves the construction of eight apartment buildings totaling 252 units.
According to township planning director Ron Henshaw, the area’s residential growth is on the rise. In 2012, there were 84 building permits for single-family homes, compared to 75 in 2011, 69 in 2010, 49 in 2009 and 71 in 2008.
Photo credits: Cranberry Township via cranberry.patch.com