City Receives Federal Grant For Bakery Square Expansion
- Aug 27, 2012
The City of Pittsburgh has received a $1.9 million grant from the U.S. Economic Development Administration (EDA) for the construction of public infrastructure at the $120 million Bakery Square 2.0 development.
Work will include installation of new utility lines, grading and build-out of new streets, sidewalks, and curbs, street lights, traffic signals, and related infrastructure. Throughout the funding process, the Urban Redevelopment Authority will serve as funding administrator and co-applicant with the Department of Public Works.
Walnut Capital Partners will develop the Bakery Square 2.0 mixed-use project on the site of the former Reizenstein School in the city’s East Liberty section. Plans call for more than 400,000 square feet of office, high-tech lab and retail space, as well as 90 luxury condominiums.
The development will provide leasing space for Pittsburgh’s growing population and attract new job-creating enterprises to the region. It is expected to generate millions in tax revenue and create thousands of jobs.
Walnut Capital Partners also completed the first phase of the project—Bakery Square at East Side, a $130 million mixed-use redevelopment of the 1900-era Nabisco bakery in Larimer. The 250,000 square feet LEED platinum building is fully leased to tenants such as Google, UPMC, Carnegie Mellon and the University of Pittsburgh.
“Bakery Square has been a great example of a successful public-private partnership to redevelop and re-purpose an old industrial site and revitalize a distressed community. Bakery Square 2.0 will build on the original project’s success and create more office and lab space for Google, UPMC, other current tenants, and new tenants from local universities and medical centers,” Congressman Doyle said at the press conference announcing the award.
Within the same announcement, the Pittsburgh Community Services, Inc. was awarded an $80,000 EDA grant. The funds will support the practical training of up to 100 potential entrepreneurs in the basics of business ownership and operations, with a focus on green entrepreneurship.
Photo credits: bakery-square.com