By Pittsburgh Tribune-Review

Published: Thursday, September 8, 2011

A new construction phase at Summerset at Frick Park is expected to cost $10 million and will include 116 for-sale residential lots, space for 132 new rental units and 30,000 square feet of commercial space.

With all home sites in phase 1 and phase 2A sold, the developer, Summerset Land Development Associates, has secured financing from First Niagara Bank, TriState Bank and the Pittsburgh Urban Redevelopment Authority for the new phase which is expected to have a value of $66 million from new housing units and apartments to be rented or sold.

The complex, located in the Squirrel Hill area and encompassing 230 acres of a former industrial land site, has about 260 individual homes, townhomes, rental apartment and condominium units. It will eventually have about 700 housing units

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