Real Estate Notes
By Sam Spatter and Laura L. Lenk,
Published: Sunday, Oct. 2, 2011
• The seven-story building at 907 Penn Ave., Downtown, will be converted into 18 residential lofts for sale by Todd Palcic, principal with Penn Avenue Renaissance. It is Palcic's third building Downtown, joining L'Enfant Lofts at 806 Penn, which is under construction, and One 5th Ave., opening in May. Plans are to sell the bottom floors to Mark's Grille, which could open by Dec. 31. Because the building has high ceilings in most of the higher floors, Palcic said there is great potential for wonderful views after he opens up the walls and adds terraces. His plans follow his concept of "turning sad places into cool spaces" and bringing open contemporary urban design to former office buildings.
• The strategy for turning the Washington County airport into a world-class general aviation airport includes plans to develop land near it into a 400- to 600-acre business park, Skypointe. The plan includes purchasing land north of the airport for the park with aviation-related facilities adjacent to the airport, said Bill McGowen, executive director of the Redevelopment Authority of the County of Washington. The authority is responsible for operations and maintenance of the airport. The authority hopes to attract businesses such as maintenance, repairs, avionics, paint shops and fractional ownership fleets to the site adjacent the airport while the business park will be open to all businesses.
• The 192 Thirty-Eighth Street Land Trust will ask the Pittsburgh Zoning Board of Adjustment on Thursday to approve a special exception at 3719-21 Butler St., Lawrenceville, for a four-story, multi-use building with first-floor commercial and multi-unit residential above. Potter's House Ministries Inc. will ask to use a three-story former convent at 430 Cathedral St. as a residential facility for up to 17 women. Karen Loysen will request to use a three-story building at 1406-10 Monterey St. as a cultural service with two residential units and accessory uses including a cafe and bookstore. Rocco and Vincenza DiDomenico will ask for minimum lot size and yard setbacks at 430 and 434 Shady Ave., Shadyside, for a four-story, 28-unit apartment.
• Construction has started on the $10.2 million, 84-room Hampton Inn & Suites in California Technology Park, California, Pa. It's being developed by California Hotel Associates with borough of California, California University of Pennsylvania, Washington County commissioners and the county Redevelopment Authority. The 50,000-square-foot hotel will have banquet space and an adjacent restaurant. A fall 2012 opening is planned.
• The Grandview apartment building at Longwood at Oakmont senior residential life care community has been awarded the Leadership in Energy and Environmental Design silver certification. The five-story, 89-unit building opened in October 2010. The building's exterior and landscaped areas were designed to reduce soil erosion and light pollution, control storm water run-off and reduce the need for lawn sprinklers by planting native species. Longwood is an affiliate of Presbyterian SeniorCare.
Real estate gallery
• Northwood Realty Services hired sales agents Ian Hoover and Charley Burgunder , Airport; Peggy Rose , Beaver; Kimberly Davis and Monica Hoover , Blairsville; Wesley Cross , Gaye Mack , Ryan McClellan and Dennis Slye , Butler; Jamie Santore , California; Jackie Anderson and Susan Austin , Cranberry; Ronda Buncie , Greensburg; James Beran , Hampton; Virginia Smiley , Indiana; Nancy and Walter Kimmick and Pamela Jones , Latrobe; Brittany Davis , Monroeville; Jordie Massaro , New Castle; Bill Hospoder , Melissa Kennedy , Trudy Daniels and Heather Province , North Hills; Brianna Fogle and Kenneth Mandrier , Pleasant Hills; Tamara Mals , Peters Township; Eric Fredrickson , Erin Roos and Maria Malkin , Sarver; Wendy Kelly , Nicholas Judson and Kristie Martin , Somerset; Jeffrey Krasnow , Squirrel Hill; Cristine McDonough , Uniontown; Janet Caputo and Carri Czyzewski , Upper St. Clair; Robert Umstead , Washington, and Matthew Linderman , Waynesburg.
• Howard Hanna Real Estate hired Mark Twentier at the Butler office.
DEALS OF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
PRICE: $1 million
Property sold: 4100 Grandview Ave., Richland
Seller: Westwall Associates, Pittsburgh
Buyer: FifthThird Bank, Cincinnati
Details: Vacant land, zoned commercial
Comment: "This is part of our expansion program in the Pittsburgh region, where we will build a new bank branch office," said Jill M. Sandilla, Fifth Third senior vice president-retail.
Property sold: 907 Penn Ave., Downtown
Seller: Regional Industrial Development Corp. of Southwestern Pa.
Buyer: Penn Avenue Renaissance 3 LP, Pittsburgh
Details: Seven-story office building with plans to sell Mark's Grille space on bottom floors
Comment: "This is the third building we have purchased on Penn Avenue with plans to sell 18 residential lofts starting in 2012 and early 2013," said Todd Palcic, principal, Penn Avenue Renaissance.
Property sold: 819 Liberty Ave., Downtown
Seller: Martin Berger, Pittsburgh
Buyer: Yuriy Bekman, Pittsburgh
Details: Seven-story building
Comment: "I have my second Downtown Yuriy's jewelry store there and hope, with the city's help, to develop the upper floors with one possibly being residential," said Yuriy Bekman.
Recent home and condominium sales that brought top prices in Western Pennsylvania.
PRICE: $1.05 million
Property: Squirrel Hill
Seller: JWW Trust
Buyer: Anand R. Kumar and Candace L. Wilson
Details: Tudor, center staircase, fish pond, four-car carriage house, on hill overlooking Beechwood Blvd.
Comment: "They loved that this house, built in 1907, has many features, such as the wood work and stained glass windows in their original shape," said Harvey F. Wimmer, listing and selling agent with Coldwell Banker Real Estate.
Property: Mt. Lebanon
Seller: David and Janet Wannstedt
Buyer: Bruce and Cathy Niemeyer
Details: Colonial, gameroom with pool table, custom oak bar with French doors to covered patio
Comments: "The buyers, moving here from Texas, loved the location of this newer house and that it was on a cul-de-sac," said Michele Belice, Howard Hanna Real Estate.
Seller: Mary Grace and Michael A. Burke
Buyer: Bernard and Karen McCloskey
Details: Victorian with large rooms, new roof, two-car tandem garage, flat backyard with trees
Comments: "The buyers liked the location, the abundance of woodwork in the home and that the layout of the house reminded the buyer of his family home," said Pai M. Colucci, Re/Max Realty Brokers.
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