Bakery Square Expansion Plans Move Forward
- Sep 06, 2012
by Adriana Pop, Associate Editor
The city planning commission has approved a zoning change for the Bakery Square 2.0 mixed-use project planned for the site of the former Reizenstein School in Pittsburgh’s East Liberty section. A final approval is now expected from the city council.
Plans call for more than 400,000 square feet of office, high-tech lab and retail space as well as a residential component. According to the Pittsburgh Post-Gazette, developer Walnut Capital has made one major change to the project, as it now intends to build 450 luxury apartments and townhouses, instead of the 90 townhouses and 20 single-family homes it proposed initially.
Gregg Perelman, Walnut Capital CEO, told the newspaper that the company based its decision on the demand for apartments in the East End.
“The market was telling us there was a high demand for urban one- to two-bedroom apartments,” he commented. “Like Downtown apartments, we feel that we need good-quality, urban living for people moving to Pittsburgh who want to live in Shadyside, [and] who want to live in the East End.”
The increased number of the proposed residential units has generated some degree of concern among residents of the neighboring Village of Shadyside, who will meet with the developer’s representatives to discuss the issue.
The city planning commission also approved a preliminary development plan for the 20-acre site, clearing the way for the demolition of the Reizenstein School in January. Once the site is cleared, the company will begin work on public infrastructure, for which the project recently received a $1.9 million federal grant. The development’s full built-out period is expected to span over five years.
As previously reported on this page, Walnut Capital Partners also completed the first phase of the project—Bakery Square at East Side (pictured above). The $130 million mixed-use redevelopment of the 1900-era Nabisco bakery in Larimer includes a 250,000 square feet LEED platinum building fully leased to tenants such as Google, UPMC, Carnegie Mellon and the University of Pittsburgh.
Photo credits: bakery-square.com