300 wait for Downtown lofts
Wednesday, February 25, 2009 at 01:00PMPittsburgh Tribune-Review - February 25, 2009
By Ron DaParma
Strong demand for apartments in the Pittsburgh area has translated into a 300-person waiting list for 46 loft apartments at Millcraft Industries Inc.'s Market Square Place development Downtown.
The surge in interest at Millcraft's $40.3 million project at the edge of Market Square is further evidence that people are attracted to Downtown living, Lucas Piatt, executive vice president of the Washington, Pa.-based development firm, said Tuesday.
"We have a huge waiting list of people who want to rent," Piatt said at an event sponsored by the Pittsburgh Chapter of the Urban Land Institute at the Rivers Club, Downtown. "People want to be in Downtown. It's a great opportunity for them to come in at a little below market rate and be right in the center of everything."
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