Loft apartments set for Penn Ave.
Wednesday, June 1, 2011 at 01:00PMPittsburgh Post-Gazette - Wednesday, June 1, 2011
By Mark Belko
Pittsburgh is in the midst of an apartment boomlet.
A New York developer won approval from the city planning commission Tuesday to convert two Penn Avenue buildings into a 29-unit apartment complex.
The proposal comes just as work is starting on a $45 million project to convert the former State Office Building at Liberty Avenue and Commonwealth Place into 218 apartments. About a block away, on Stanwix Street, Philadelphia-based PMC Property Group is putting 158 apartments in the former Verizon Building.
Foris Property Group plans to start work in August transforming 10-story and eight-story buildings at 711 and 713 Penn, near the Benedum Center, into a single complex.
The renovated building will house 29 apartments, including four top-floor penthouses. The units will range in size from 700 to 1,500 square feet. The penthouses will be as large as 2,400 square feet.
Read more...
