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Bakery Square 2.0 project begins with school demolition

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Wednesday, Jan. 23, 2013, 2:40 p.m.

Walnut Capital Partners began demolition work on Wednesday at the former Reizenstein School site in East Liberty, a day after buying the property for its planned Bakery Square 2.0 housing and office complex.

Gregg Perelman, managing partner, said contractor P.J. Dick is doing some exterior work. Asbestos must be removed before the school is torn down.

Construction of the $100 million project across Penn Avenue from Bakery Square 1.0 is to begin in March. Bakery Living, a 175-unit apartment building, will be the first structure, and tenants are expected to move in in June 2014. Later, a second apartment building plus townhouses and office buildings are to be built.

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