1st spade turns in Bakery Square 2.0 project in East Liberty
Five high-profile development projects in Pittsburgh made progress on Thursday, chief among them the ceremonial groundbreaking of the $100 million Bakery Square 2.0 retail, office and residential development on Penn Avenue in East Liberty.
Construction started on what eventually will become 400,000 square feet of office space spread over three L-shaped buildings, two 175-unit apartment complexes and 57 rental townhouses in the development envisioned by Walnut Capital, a private developer in Shadyside.
Work on the apartments is expected to be completed by summer 2014 and the office buildings by fall 2016.
In a separate project less than a mile away, Pittsburgh's Urban Redevelopment Authority voted to sell a portion of Shakespeare Street to help private developer Mosites Co. move ahead with plans to build Eastside III and IV, a $75.2 million development of 54,600 square feet of retail space, 366 apartments and 595 parking spaces. Work could begin by mid-2014. The project is designed to complement a planned $52 million transit hub at Shady and Penn avenues.
The work would expand on Mosites' previous Eastside projects that have attracted the likes of Target and Whole Foods to a once economically depressed section of the city.
The URA also voted to open a 90-day exclusive negotiation period with PTC Lodging LP, a partnership of Hotel D2 Services Group and Millcraft Hospitality that hopes to build a hotel on a vacant 1.6-acre site in the Pittsburgh Technology Center on Second Avenue. The sale price is $1.57 million.
Tom Rosselot, president of Hotel D2, said the partners want the hotel's brand to be Hilton, but that has not been finalized.
In the South Side, the authority agreed to pay $15,000 to Walker Parking Consultants of Kalamazoo, Mich., to study construction of a fifth parking garage to support the SouthSide Works entertainment district between Hot Metal and 26th streets.
Acting URA Executive Director Robert Rubinstein said the Soffer Organization, the development firm behind SouthSide Works, intends to submit plans in two to three months to the URA to build an apartment complex and restaurant on a vacant site behind the REI sporting goods store.
In Downtown, the URA agreed to pay $25,000 for a building maintenance company to tend to the vacant Saks Fifth Avenue building on Smithfield Street for up to a year. The URA is negotiating the building's future with developers McKnight Development of Downtown and Millcraft Industries of Cecil. They want to buy the property and convert it to 100 apartments, 50,000 square feet of first-floor retail space and a 450-space parking structure. The URA began negotiations in October, but no clear end is in sight, officials said.
“McKnight and Millcraft continue to meet regularly to work on their formal development proposal,” Rubinstein said. “A development of this scale and complexity could easily take more than a year to mature.”
Jeremy Boren is a staff writer for Trib Total Media. He can be reached at 412-320-7935 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Kennametal profits drop more than half in fiscal fourth quarter
- Post-Gazette offers voluntary buyouts in bid to avoid layoffs
- Range Resources cuts workforce 11%
- Bayer sets sights beyond aspirin
- Muni bond funds stressed
- U.S. Steel CEO expects rebound
- GNC sales, profits slip in second quarter
- Plastics propel Bayer’s 2Q earnings
- PPG puts brand 1st in strategy to reach commercial paint market
- Travelers find direct Web route to Priory’s spirited past in North Side
- EPA ordered to ease limits on cross-border air pollution that involves Pennsylvania