Home > The Community Builders Celebrates the Opening of East Liberty Place South-Groundbreaking on Monday, Nov. 4th.

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THE COMMUNITY BUILDERS CELEBRATES THE OPENING OF  
EAST LIBERTY PLACE SOUTH - GROUND BREAKING TO BE HELD ON MONDAY, NOVEMBER 4, 2014 

$14M development brings new mixed-income apartments and commercial space to
Penn Avenue’s East Liberty gateway

 

 The Community Builders, Inc. (TCB), the nation's leading nonprofit developer of mixed-income housing have scheduled a groundbreaking on Monday, November 4, 2013 to start construction on East Liberty Place South, a $14.2 million mixed-used development that will feature 52 apartments and 11,000 square feet of commercial space in Pittsburgh’s revitalized East Liberty neighborhood.

 

Federal, state and local officials will join leaders from TCB to mark the occasion, and other invited guests include U.S. Congressman Mike Doyle, Pittsburgh Mayor Luke Ravenstahl, State Reps. Ed Gainey and Don Costa, as well as Pittsburgh City Councilpersons Ricky V. Burgess and Bill Peduto.

 

East Liberty Place South, located at 5836 Penn Avenue, is the newest phase of redevelopment of the former East Mall Apartments site in East Liberty, a neighborhood that is experiencing revitalization after 30 years of decline and stagnation. The new site is located across Penn Avenue from East Liberty Place North and near other mixed-income residential buildings developed by TCB, including New Pennley Place, Pennley Commons and Penn Manor.

 

“TCB is excited to continue the transformation of East Liberty with quality, well-designed apartments and new vibrant commercial spaces at East Liberty Place South,” said Bart Mitchell president and CEO of TCB (pictured). “Together with our partners, we are building an even stronger community for Pittsburgh residents to live, work and raise families.”     

 

The design for East Liberty Place South emerged from a charrette process that was informed by advice from community residents, neighborhood organizations, city leaders and other stakeholders. East Liberty Place is the western gateway to East Liberty's downtown district, providing a strong residential anchor and new street-level retail opportunities.

 

The three-story elevator building has 52 one- and two-bedroom apartments. As a mixed-income community, 39 apartments have been designated for households earning up to 60 percent of area median income (AMI) and 13 apartments are designated for households with incomes up to 115 percent of AMI. The AMI is $44,100 for a one-person household and $63,000 for a four-person household. Building amenities include a club room, roof deck, indoor bicycle storage and repair room, as well as business and fitness centers. The 11,000-square foot commercial space on the ground floor is expandable to 25,000 square feet.

 

Construction is expected to be complete in fall 2014.

Media contact: Robin Beckham (412-310-5967) Robin@BeckhamMedia.com  

 

About The Community Builders, Inc.

The Community Builders, Inc. (TCB) is the leading nonprofit developer of mixed-income housing in the United States. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential. We realize our mission by developing, financing and operating high-quality housing and implementing neighborhood self-help initiatives to drive economic opportunity for our residents. Since 1964, we have constructed or preserved over 320 affordable and mixed-income housing developments and secured over $2.5 billion in project financing from public and private sources. Today, we own or manage more than 10,000 apartments in 14 states and Washington, D.C. We are headquartered in Boston with regional hubs in Chicago and Washington.

 

 

 

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