By Bobby Cherry

Published: Wednesday, September 26, 2012, 8:58 p.m.
Updated: Thursday, September 27, 2012

Plans to construct a multi-use development on the site of the former Ascot dealership in Sewickley are moving forward.

Forbes Trail Development Co. President Peter Friday called the plan an “enormous community upside.

“I cannot think of anything more exciting from a real estate development perspective,” he said.

Along with office and retail use and the possibility for residential units, the development includes plans for a two-screen movie theater.

A parking garage in the area currently occupied by the Green Street public parking lot also is proposed by developers.

Village Theater Co. — which continues to await 501(c)(3) nonprofit status — has $500,000 pledged for the project through a variety of donors, according to group spokeswoman Patty Jones.

In June, members of the group said they needed $1.5 million by September to begin construction of the $3 million project.

Plans originally were announced in December with an initial opening targeted for early 2013.

Sewickley Mayor Brian Jeffe said developers are “demonstrating that their commitment to this community far exceeds their personal business investment.

“This is the type of public-private partnership that can create a transformative change in (Sewickley).”

Phase one of the project, which includes a three-story office building, is expected to begin later this year.

Bobby Cherry is a staff writer for Trib Total Media. He can be reached at 412-324-1408 or rcherry@tribweb.com.

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