Pittsburgh Business Times - April 9, 2015
By Tim Schooley
The first condo project of any scale under development in Pittsburgh in years is off to a strong sales start.
Jack Benoff, principal of suburban Philadelphia-based Solara Ventures, told the Pittsburgh Business Times the new 38-unit Smallman Place in the Strip District generated at least 20 sales agreements about a week after the project’s condos were posted on the multi-list.
That initial rush of sales agreements for Smallman Place is expected to meet the pre-sale requirements needed for the project’s financing, said Benoff. The condos at Smallman Place are priced at a range of about $250,000 to more than $600,000.