Pittsburgh persuades New Yorker to build here
Monday, October 22, 2007 at 12:00PM Pittsburgh persuades New Yorker to build here
Pittsburgh Post-Gazette - October 22, 2007
By Mark Belko
When Joe Caro began visiting cities in search of an investment, Pittsburgh didn't figure to merit much more than a pit stop.
After all, for a well-traveled New Yorker who had visited countries in Central America and South America and many of the major cities and tourist destinations on the East Coast, Pittsburgh didn't hold any special appeal.
"I wanted to check it off the to-do list," he said.
But a funny thing happened on his way to some place more exotic. He fell in love with the Steel City after his first visit in March.
"I'm kind of shocked, too," he said. "It was a surprise to me when I discovered the way it is."
Mr. Caro, 50, liked Pittsburgh so much that he last month bought an eight-story building at 333 Boulevard of the Allies for $495,000 with plans to convert it into apartments and street level retail. He also intends to make his home here.
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