Village Green Begins Construction on New Apartment Asset in Pittsburgh
- Feb 05, 2015
Village Green recently broke ground on a six-story, 264-unit luxury apartment and retail complex at SouthSide Works in Pittsburgh. The new development, called Southside Works City Apartments, will be rising at the corner of Sidney and 26th streets, on a 2.45-acre parcel owned by the Soffer Organization.
According to the Pittsburgh Post-Gazette, the first units will be ready by early 2016. Plans also call for 12,000 square feet of ground floor retail space and a 562-space parking garage. Upon completion, the development will feature a mix of nano, studio, convertible, one- and two-bedroom apartments and penthouses. Amenities will include an indoor/outdoor pool, a Zen garden and courtyard, a 24-hour fitness center, business center, conference room, concierge services, boutique hotel style lobby and an onsite restaurant/specialty market. The nano apartments are part of the developer’s strategy to offer new graduates an affordable housing option. These units, about 10 percent of the total, will measure 400 square feet in size and rent for approximately $1,000 a month.
Southside Works City Apartments is the third residential project under way in the SouthSide Works area, next to Oxford Development’s 173-unit Hot Metal Flats and Ralph Falbo’s 56 one-bedroom units on South Water Street.
The upcoming complex also marks Village Green’s second multi-family project in Pittsburgh. The company is currently developing the 213-unit Morrow Park City Apartments at Liberty Avenue and Baum Boulevard in Bloomfield.
According to Village Green CEO Jonathan Holtzman, the developer is planning to be in Pittsburgh for the long haul. “We do not build to sell. We do not build to convert to condominiums. We are going to own and operate this apartment community long-term,” he told the newspaper.
Photo credits: Village Green