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RECENT NEWS

Tuesday
Feb242015

Planning Commission approves first phase of Saks redevelopment

Pittsburgh Business Times - February 24, 2015
By Justine Coyne

The Pittsburgh Planning Commission on Tuesday approved the first phase of Millcraft Investments' development plan for the former Saks Fifth Avenue location in downtown Pittsburgh.

he two-phase project will start with the construction of a six-story, 570-space parking garage as well as three retail spaces at the street level.

 

The second phase of the development is expected to include 77 condo units. Millcraft is seeking planning approval on that phase at a later date.

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Wednesday
Feb182015

New condo project coming to Squirrel Hill

Pittsburgh Business Times - February 18, 2015
By Paul Gough

A 23-condo complex is being planned in Squirrel Hill.

Landmark Properties Group announced The Q, which would have a mixture of one-, two- and three-bedroom units that would be built this year at 2704 Murray Ave. and occupied in 2016. Prices are expected to start at $300,000, according to a news release.

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Wednesday
Feb112015

Mendelssohn developing 8-unit Cobble House Condos in Lawrenceville

Pittsburgh Business Times - February 11, 2015
By Tim Schooley

Another sign of a condo comeback in Pittsburgh is underway in Lawrenceville.

Brian Mendelssohn and his Botero Development are building out a former warehouse property made of cobblestone into what will be marketed as the Cobble House Condos, an eight-unit project at 260 42nd St. in Lawrenceville.

Mendelssohn said he originally planned to redevelop the 8,000-square-foot building into apartments but sees opportunities to provide amenities a buyer might seek in a property with character.

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Tuesday
Feb102015

New 77-unit condo project to replace former Saks presented to Pittsburgh Planning Commission

Pittsburgh Business Times - February 10, 2015
By Tim Schooley

Millcraft Investments presented its new plan for 350 Oliver Ave. - the former Saks Fifth Avenue building -- before the Pittsburgh Planning Commission, detailing a two-phase project.

The project would start with a seven-story, 570-space parking garage on top of which the firm expects to build 77 condos in an overall $60 million to $70 million development.

The development is slated for what is now the empty Saks Fifth Avenue building that fronts onto Smithfield Street as well as two adjoining properties that Millcraft is pursuing in partnership with McKnight Realty Partners.

Designed by Indovina Associates Architects, 350 Oliver Ave. is designed as an L-shaped structure that seeks to best take advantage of its location on the western corner of Mellon Square Park. The property neighbors both the Henry W. Oliver Building, owned by McKnight, and Piatt Place, owned by Millcraft.

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Tuesday
Feb102015

Trek to take on new Penn Avenue apartment conversion project

Pittsburgh Business Times - February 10, 2015
By Tim Schooley

Trek Development Group is ready to pick up and pursue a long-stalled building redevelopment on Penn Avenue.

Working with partner Q Development, Trek recently bought 711 Penn Ave. from New York-based developer David Forbes along with the neighboring property at 713, which was under separate ownership.

Trek paid $2.4 million for the two properties, smaller 19th century buildings that were considered economically unfeasible to redevelop individually.

Bill Gatti, president of Trek, said he and his team are still in the early stages of deciding what to do with the two properties but added they could total 40 to 50 apartments.

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