Downtown: Apartments surge, condo market fades
July 2, 2011
More than 500 apartments are planned for Downtown Pittsburgh over the next couple of years. Thanks to a credit crunch, most developers have switched their focus away from condominiums and are hoping there is a market for luxury rentals. Fortunately, the Downtown Pittsburgh condo market was strong before the national lending crisis and Pittsburgh still has some successful projects, such as the Otto Milk building in the Strip and several smaller projects along Penn Ave. Some developers are focusing on more “middle class” condos, where units will start at $150,000 and up.
Read the full story at: http://www.post-gazette.com/pg/11177/1156381-53.stm
New Federal Cold Storage Building considered for conversion to condos
November 8, 2008
The Sampson Morris Group bought the New Federal Cold Storage Building at 1501 Penn Ave. in the Strip District and is evaluating its options for the property. One of the options under consideration is to convert the building into condominiums. Read more in the Pittsburgh Tribune-Review.
Strip District Condos Planned
December 13, 2006
Jack Benoff of Solara Ventures is working on multiple condo projects in the Strip District.
Source: Pop City Media.
Pink Building Condos
June 7, 2006
Pink Building between Strip District and Lawrenceville set for 14 condos.
Source: Pop City Media.