Despite recession, Pittsburgh in a building boom
Thursday, March 26, 2009 at 01:00PM |
1 Reference | Associated Press - March 26, 2009
by Ramit Plushnick-Masti
PITTSBURGH (AP) — Six years ago, Kathy Wallace and her husband did something unusual in this former steel town: They sold their suburban home and moved downtown where few condos existed, there was no grocery store, and nearly everything closed at 5 p.m.
Now, thousands of others have joined the Wallaces, staking their posts between skyscrapers and office buildings in new condos and lofts as demand for downtown living here is on the rise.
While bigger cities like Miami and Phoenix struggle with mass foreclosures and stalled housing projects, Pittsburgh is enjoying something of a renaissance as developers pour some $4 billion into its downtown.
Roberta Brandes Gratz, author of two books on urban development, including "Cities Back from the Edge: New Life for Downtown," said Pittsburgh's development is "really genuine" and leads to long-term success.
"Those cities that leveled a major portion of their downtown for a single mall have more of a problem in this economy and for the next at least five years," Gratz said. "The reality is that Pittsburgh is something of a model."
The city once described by author James Parton as "hell with the lid lifted," has construction on nearly every downtown corner. Thousands of people snake around scaffolding hanging off buildings — many of them 100-year-old structures being restored rather than demolished — rushing past detour signs and road blocks.
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