URA mulls two proposals for Lawrenceville plan, one with lofts
Friday, July 18, 2008 at 12:00PMPittsburgh Business Times - July 18, 2008
By Tim Schooley and Ben Semmes
The Urban Redevelopment Authority's plan to redevelop a football field-sized span of former industrial property in Lawrenceville into a residential community is down to two competing proposals.
The first comes from State College-based S&A Homes, which submitted a proposal for a $5 million, 23-unit townhouse development at the site, said Andy Haines, vice president of development.
The second proposal is a joint venture led by Lawrenceville resident Brian Mendelssohn and a company led by local development veteran Tom McCargo. Their proposal calls for a mix of 40 to 50 lofts, townhouses and apartments situated around a small park, with costs estimated between $9 million and $10 million.
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