{"id":1004099813,"date":"2014-07-02T12:14:10","date_gmt":"2014-07-02T20:14:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=274233"},"modified":"2020-05-17T22:57:26","modified_gmt":"2020-05-18T06:57:26","slug":"mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\/","title":{"rendered":"Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh\u2019s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/East-Liberty-Transit-Center-Project..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-274234\" title=\"East-Liberty-Transit-Center-Project.\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/East-Liberty-Transit-Center-Project..jpg\" alt=\"\" width=\"300\" height=\"220\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the <em><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/blog\/the-next-move\/2014\/06\/mosites-teaming-with-morgan-management-on-new.html\" rel=\"nofollow\" >Pittsburgh Business Times<\/a><\/em> reports.<\/p>\n<p>Rising in the city\u2019s East Liberty neighborhood, on a four-acre parcel that spreads from Highland Avenue to Penn Avenue, the Eastside III mixed-use project will bring a total of 360 apartments, 40,000 square feet of retail, more than 500 parking spaces and an improved bus line station. The first apartment building is scheduled to open next year, while the remaining two will be completed at a later date.<\/p>\n<p>Steve Mosites, principal of The Mosites Co., told the newspaper that Morgan would manage the residential component of the development, while Mosites would handle the leasing and management activities related to the other portions of the project.<\/p>\n<p>Based in suburban Rochester, N.Y., Morgan owns and operates 14 apartment properties in western Pennsylvania.<\/p>\n<p>Mosites\u2019 other partners for the East Liberty Transportation Center include the Port Authority of Allegheny County, the city, county, state and federal government, general contractor P.J. Dick and Design Collective of Baltimore.<\/p>\n<p>In other news, Pittsburgh is one of the four cities in the nation to receive a $30 million federal grant through the Choice Neighborhoods program of the U.S. Department of Housing and Urban Development (HUD) for the revitalization of blighted neighborhoods. According to the <em><a href=\"https:\/\/www.post-gazette.com\/local\/city\/2014\/06\/30\/City-lands-30-million-grant-to-rebuild-Larimer\/stories\/201406300171\" rel=\"nofollow\">Pittsburgh Post-Gazette<\/a><\/em>, the city will use the funds to develop about 350 units of mixed-income housing and mixed-use development in Larimer.<\/p>\n<p>The other cities that were awarded the HUD grant are Norwalk, Conn., Columbus, Ohio, and <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/philadelphia\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\/1004099824.html\" title=\"Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant\" target=\"_blank\">Philadelphia<\/a>.<\/p>\n<p>&#8220;HUD&#8217;s Choice Neighborhoods Initiative supports local visions for how to transform high-poverty, distressed communities into neighborhoods of opportunity,&#8221; HUD Secretary Shaun Donovan said in a <em><a href=\"https:\/\/portal.hud.gov\/hudportal\/HUD?src=\/press\/press_releases_media_advisories\/2014\/HUDNo_14-086\">press release<\/a><\/em>. &#8220;By working together, with local and state partners we will show why neighborhoods should always be defined by their potential\u2014not their problems. Together, we will work to ensure that no child&#8217;s future is determined by their zip code and expand opportunity for all.&#8221;<\/p>\n<p><em>Photo credits: eltransitcentertod.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1602],"tags":[1815],"class_list":["post-1004099813","post","type-post","status-publish","format-standard","hentry","category-latest","category-pittsburgh","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh\u2019s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh\u2019s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment\" \/>\n<meta property=\"og:description\" content=\"The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-02T20:14:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T06:57:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/East-Liberty-Transit-Center-Project..jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh\u2019s Eastside; 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