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RECENT NEWS

Thursday
Jun042015

Rooms with a view: First Side condo puts a couple on top of a thriving city

Pittsburgh Post-Gazette - June 4, 2015
By Kevin Kirkland

Everyone loves the views from Debbie and Rick Peterson's condo in 151 First Side, especially their young grandsons visiting from North Carolina.

"When they leave, every window has fingerprints and nose prints on it," she said, laughing.

That's understandable. On one side, their double unit on the 18th floor offers views up and down the Monongahela River, including a half-dozen bridges, the Gateway Clipper fleet, Highmark Stadium and Station Square across the river. On the city side, you can see PPG Place, Market Square, even fireworks over by PNC Park on the North Side.

The bird's-eye vantage point has given the Petersons a new appreciation for Downtown buildings.

"You can really see the architecture from up here, the top parts of buildings you can't see from the ground," Ms. Peterson said.

Read more...

Thursday
Jun042015

Walnut Capital breaks ground on second Bakery Living apartment building

Pittsburgh Business Times - June 4, 2015
By Tim Schooley

Walnut Capital Partners announced the firm has broken ground on a second 176-unit apartment building at Bakery Living, the residential component of Bakery Square 2.0.

The company expects the new building, called Bakery Blue, will open in Spring 2016.

With the first building already open and largely leased, Walnut Capital expects the combined project will total nearly 500 residents at the site, located on the Shadyside border of Penn Avenue, with the initial Bakery Square across the street in Larimer.

When completed, both buildings will operate with shared amenities that include office and cooking rooms, an outdoor movie park, a yoga studio, pool and barbecue area.

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Tuesday
Jun022015

Pittsburgh planners approve apartments on the upper floors of Macy's building

Pittsburgh Tribune Review - June 2, 2015
By Tom Fontaine

When tenants of apartments planned at Downtown's landmark Macy's department store receive keys to move in, they'll also get a smartphone application to remotely control heating, lighting and other devices in their apartments.

“This is going to be a smart building, something quite different for this market,” said Michael Samschick, a principal with Philadelphia-based Core Realty, the developer behind the project.

Pittsburgh Planning Commission on Tuesday approved Core's $40 million plans to develop 311 apartments on the upper seven floors of the 13-story Macy's building, along with nearly 250 parking spaces in what's now the basement.

The building occupies nearly the entire block between Fifth and Forbes avenues and Smithfield and Grant streets, including what was originally built in 1877 and a 1953 addition. The structure was home of the former Kaufmann's department store for much of its life.

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Tuesday
Jun022015

Walnut Capital expected to join major apartment redevelopment plan in Lawrenceville

Pittsburgh Business Times - June 2, 2015
By Tim Schooley

Alex Simakas plans to team with Walnut Capital Partners on a 191-unit apartment project as part of his Fort Willow Developers’ redevelopment of the nearly five-acre former Interlocking Deck industrial property in the Ninth Ward of Lawrenceville.

With a hearing on the project scheduled Thursday for the Pittsburgh Zoning Board of Adjustment, Simakas said he does not have a final agreement with Walnut Capital Partners but is working toward one to push forward with a project that would rank among Lawrenceville's largest residential development projects, if it's not the largest.

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Friday
May222015

Village Green starts lease up at Morrow Park City Apartments

Pittsburgh Business Times - May 22, 2015
By Tim Schooley

Suburban Detroit-based Village Green reports more than 150 people have expressed interest in renting units at the company's first project in Pittsburgh, the 213-unit Morrow Park City Apartments at Baum Boulevard and Liberty Avenue in Bloomfield.

The company will begin offering tours of the property to potential tenants on Tuesday, May 26.

Read more...