'Tough times' stalls high-end condo project in Mt. Lebanon

Pittsburgh Post-Gazette - October 09, 2008
By Maria Sciullo

Tough times in the financial market have made an impact on a proposed high-end condominium project in Mt. Lebanon, said developers.

Zamagias Properties was granted a 12-month extension on its construction deadline by municipal commissioners last week, citing poor sales prospects.

"Until there is a market that is there for us, we're going to hold off," said Michael Heins, Zamagias chief financial office and Washington Park project manager.

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