The Urban Redevelopment Authority selected Lexington Partners – a joint venture of ICON Development and KBK Enterprises – to develop the Lexington Commons site in Point Breeze/South Homewood. The project will be a mix of 125 apartments (of which 50 will be affordable rentals) and 25 townhouses for sale. That’s similar to some of the developments KBK has done to replace Housing Authority of City of Pittsburgh projects in the Hill District. ICON is the development arm of Integrity Construction, owned by Jason Lardo. ICON’s vision for the commercial space includes renovation of more than 400,000 square feet of existing buildings into innovation space. The plan also involves extensive work to the infrastructure, including re-doing Thomas Boulevard and adding structured parking. The total development cost will exceed $110 million. The developer is working with Indovina & Associates. The site plan is below.
The $300 million-plus Esplanade development – a mix of residential, hotel, retail and waterfront construction on the North Side – being proposed by Millcraft Investments has gone to construction managers. Clark Construction, PJ Dick, Mascaro, Massaro and Rycon submitted proposals.
Pitt took CM-at risk proposals from PJ Dick, Mascaro, Massaro and Rycon on it $8-9 million Peterson Events Center vertical addition.
(Massaro was inadvertently omitted from the Esplanade and Peterson lists in the Oct. 11 email blast. If you don’t get the bi-weekly email blasts let me know.)
In other commercial real estate project news, Milhaus is taking proposals from Elford Construction, Franjo, PJ Dick and Rycon for the 2nd phase of its Arsenal multi-family development, which should be in the $40 million range. Developer T & R Properties from Columbus kicked of the construction of its $100 million Summit Station transit-oriented development in South Park with the start of the $30 million, 180-unit Summit Lofts.