South Fayette development set for summer
Construction is to begin by early summer on apartment buildings in the $450 million Newbury development that will add 250 residential units to rapidly expanding South Fayette.
Developer Brett Malky said site work is under way and financing has been arranged for Newbury Village apartments off Oakridge Road. Leasing will begin in late summer or early fall.
The Village will consist of 11 three- and four-story buildings, with one- and two-bedroom apartments that range in size from about 1,000 to 1,600 square feet. Rent will cost between $900 and $1,600, said Malky, CEO of EQA Landmark Communities LP.
“In the long run, it'll be good for the township when Newbury's built out and developed into a vibrant community center, with the apartments part of that,” South Fayette Commission President Joseph Horowitz said.
The Newbury development started in 2008 with homes built on a hill above Presto-Sygan Road. Eventually, Newbury will include a giant retail, office and hotel complex on a former industrial site bordered by Presto-Sygan Road, Millers Run Road/Route 50 and Interstate 79.
In the residential community on a hilltop overlooking I-79, three home builders are showing model units for sale and about 200 homes are planned.
Builders, S&A Homes, Heartland Homes and Kacin Homes are offering single-family houses priced from the high $200,000s to more than $1 million and townhomes in the $200,000 to $400,000 range.
Amenities planned in the residential area include a swimming pool, clubhouse, exercise room, business center and conference room, all of which will be operated by the developer.
South Fayette had about 5,000 households as of the 2000 census, and by 2010 had jumped to more than 6,200, according to the Census Bureau.
On the retail front, Malky said he has enough tenant commitments to begin construction of the first phase of Newbury Market, a retail power center where two office buildings are planned.
A Giant Eagle supermarket and a Courtyard by Marriott hotel previously were announced for the site, and Malky said he hopes to disclose names of other tenants soon. Newbury Market received approval recently for $4 million from the state's Redevelopment Assistance Capital Program.
Also moving ahead is development of the Gateway Shoppes, at the entrance to the development from Route 50 near the I-79 junction. There, a bank, coffee shop, two professional service businesses and two restaurants will be located.
Eventually, a total of 11 to 12 restaurants are planned be in the complex, he said.
Township Manager Ryan Eggleston said the mix of retail, office, single-family homes and multi-family apartment buildings will create a “community within a community” for South Fayette, with components linked by trails and sidewalks.
“While they're separate geographically, they're about as close as you can get without being on the same site,” Eggleston said.
Malky said bids have been obtained for road work that could be under way by this summer. Included is a bridge from Route 50 to Newbury's entrance, along with grading, sanitary and storm sewers and paving.
“There will be two bridges initially in the development, with a third possible,” Malky said.
Staff writer Matthew Santoni contributed to this report. Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.