12 Mar, 2019

Two projects get approval from Pittsburgh Planning Commission

New Strip office project and South Side apartment development to be under construction in the next few months.

Two significant development projects representing more than$70 million in investment were approved by the Pittsburgh Planning Commission and are expected to be under construction in the coming months.

Downtown-based Oxford Development Company received the go-ahead with a vote of a approval for The Stacks at 3 Crossings, a $13.5 million project to convert the steel frame of a remaining industrial building into two companion office buildings of 55,000 square feet with an interior courtyard between them.

The project will be the first of Oxford’s second phase of 3 Crossings, redeveloping the former Packaging Corp. of America property at 28th Street, Railroad Street and the Allegheny River.
Ben Kelley, a development manager for Oxford, said prep work for the construction project will begin in February on a project expected to be fully built out in less than a year. He added Oxford is going forward with the building on a speculative basis.

The project is the first of what could be more than 500,000 square feet of new development at the second phase of 3 Crossings, building on the success of the original development.
The Pittsburgh Planning Commission also voted to approve Indianapolis-based TWG Development, LLC’s proposal for Connection @ South Side, a new 280-unit apartment complex on a 2.6-acre parcel within the SouthSide Works master plan.

The $56.7 million project is slated to include 28 apartments at rents affordable to residents with incomes that are 50 percent of area median income, which translates to studios at $665, one-bedrooms at $760 and two-bedrooms around $855 per month. TWG agreed to include affordable units in the plan as part of its agreement to buy the parcel from the Urban Redevelopment Authority of Pittsburgh.

J.B. Curry, vice president for market rate development for TWG, said construction is expected to begin in May on a projected estimated to take 24 months to build.