{"id":1004101069,"date":"2014-07-24T06:12:42","date_gmt":"2014-07-24T14:12:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=279019"},"modified":"2020-04-23T04:46:50","modified_gmt":"2020-04-23T12:46:50","slug":"ambling-university-development-plans-major-apartment-community-in-pittsburgh","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/","title":{"rendered":"Ambling University Development Plans Major Apartment Community in Pittsburgh"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-279020\" title=\"Pittsburgh, Oakland\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg\" alt=\"\" width=\"300\" height=\"224\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/blog\/the-next-move\/2014\/07\/ambling-university-development-to-propose-389-unit.html?page=all\" target=\"_blank\" rel=\"nofollow\">Pittsburgh Business Times<\/a><\/em>, Ambling University Development Group, LLC (AUDG) is planning the construction of a 389-unit apartment community at 3333 Forbes Ave., on the former Allegheny Health Department property.<\/p>\n<p>The site is currently owned by MWK Forbes, LLC. The company\u2019s previous plans for the land called for the construction of apartments, offices and a lodging facility. MWK Forbes now intends to sell the property for the apartment component and develop only the hotel, which entails an investment of about $20 million.<\/p>\n<p>AUDG\u2019s project, which will require two special exceptions due to the height and floor-area limits, could cost between $70 million and $100 million to develop. The city\u2019s Zoning Board of Adjustment is expected to review the proposal on July 31.<\/p>\n<p>If approved, the new apartment complex, which will cater to young adults, could be complete in 2016.<\/p>\n<p>Georgia Petropoulos, executive director of Oakland Business Improvement District, says the business membership of her organization welcomes the development.<\/p>\n<p>\u201cMy business district is very supportive of that project. They\u2019re waiting for it to be developed,\u201d she told the newspaper. \u201cIt\u2019s going to be a pretty big development on that part of Forbes Avenue that we haven\u2019t seen in decades.\u201d<\/p>\n<p>Based in Valdosta, Ga., Ambling University Development Group specializes in student housing projects. The company\u2019s experience within the past decade includes 63 campus developments with over 35,000 beds.<\/p>\n<p>According to the 2014 midyear report released by Integra Realty Resources, Pittsburgh&#8217;s multifamily market is quite strong.<\/p>\n<p>In recent years, apartment vacancy rates have declined in the region, while rents have continued to grow.<\/p>\n<p>A substantial amount of new construction now aims to absorb the area\u2019s pent-up demand. In the city, there are 800 apartments under construction, while another 3,800 units are in the planning stages. In the suburbs, more than 2,000 units are currently being built, while another 2,000 are in the planning stages.<\/p>\n<p><em>Photo credits: Wikipedia Commons<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.<\/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-1004101069","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 v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ambling University Development Plans Major Apartment Community in Pittsburgh - 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She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ambling University Development Plans Major Apartment Community in Pittsburgh - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/","og_locale":"en_US","og_type":"article","og_title":"Ambling University Development Plans Major Apartment Community in Pittsburgh","og_description":"One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.","og_url":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-24T14:12:42+00:00","article_modified_time":"2020-04-23T12:46:50+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/","url":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/","name":"Ambling University Development Plans Major Apartment Community in Pittsburgh - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg","datePublished":"2014-07-24T14:12:42+00:00","dateModified":"2020-04-23T12:46:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Pittsburgh-Oakland.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ambling-university-development-plans-major-apartment-community-in-pittsburgh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Ambling University Development Plans Major Apartment Community in Pittsburgh"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. 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