Tuesday, October 26, 2010

URA re-releases RFP for Heppenstall site in Lawrenceville - Pittsburgh Business Times:

http://scrapbox.org/home/householddonations.html
The URA is re-releasing a requesf for proposals after its previouslychosenh developer, Urban Villages working with Botero Developmeny decided not to go forward with the Urban Villages and Boterlo were selected over one other finalist, S&A Homes, in partnership with the Lawrencevills Corporation, a community nonprofit. The footbal l field-sized parcel includes the site on whichn the office building for the Heppenstalk plant once was locatesd as well as a former warehouse In aprepared statement, mayor Luke Ravenstahl described the property’s redevelopmen as an important part of the city’zs larger revisioning of the Allegheny riverfront.
“We have begun a planning process to create a vision for the Allegheng riverfront and reconnect our neighborhoods to our natural amenities,” he said. "The Hatfield Streegt site is one of the greag opportunities to see this vision come to The URA wants adeveloper “tko purchase, design, develop and operate or resell the site.” The URA’sx effort comes as the Regional Industrial Developmenf Corporation (RIDC) continues to redevelop the Heppenstall complex itself. Hatfiel d Street is considered a dividing line betweenthe neighborhood’s residentia community and its industrial zone.
As a sellintg point, the URA notes that the mediaj home price in central Lawrenceville has increasedf 64 percent in the pastthree years, a growth rate it claims is second highestr in the city to the South Side. “Wew are excited with the real estate appreciatiobn that were seeing in the saidRob Stephany, Executive Director of the URA, as well as a Lawrencevilles resident. “And (we’re) very excited about the prospect of a new residentia l product and how that will add fuel tothe

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