{"id":1004105387,"date":"2014-10-09T10:59:04","date_gmt":"2014-10-09T18:59:04","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=298073"},"modified":"2020-04-22T22:58:08","modified_gmt":"2020-04-23T06:58:08","slug":"october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2\/","title":{"rendered":"October Development\u2019s $20M Hotel and Apartment Project in Pittsburgh Receives $3M Economic Growth Initiative Grant"},"content":{"rendered":"

\"\"<\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n

A $20 million redevelopment project centered around the renovation of the former ARC House building on Pittsburgh\u2019s North Side will result in a new 120-key Comfort Inn by Choice hotel, a 300-space parking garage and a 36-unit apartment building.<\/p>\n

According to the Pittsburgh Business Times<\/a><\/em>, Gov. Tom Corbett has announced a $3 million Economic Growth Initiative grant that would support the new development, which is slated to rise along a two-acre stretch of East Ohio Street in Historic Deutschtown. The area, which includes 20 parcels, is an active junction for nearby Interstate 279 and Route 28 and serves as a gateway location for all of the city\u2019s North Side neighborhoods.<\/p>\n

A team led by locally based October Development and assisted by the North Side Leadership Conference has yet to determine the project\u2019s construction start.<\/p>\n

The redevelopment of the historic 20,000-square-foot bank building has in fact been in the planning stages for about five years.<\/p>\n

\u201cIt\u2019s an incredibly important site for the Deutschtown neighborhood and for the North Side as a whole. It\u2019s about remaking that entry point. Right now, what you see is a beautiful but vacant bank building and a bunch of empty lots and vacant and decaying structures. It\u2019s not what the North Side is,” Mark Fatla, executive director of the North Side Development Conference (NSLC), told the newspaper.<\/p>\n

Design and financing for the project are yet to be finalized, as are the agreements with other development partners. North Side Community Development Fund, a subsidiary of the NSLC, is one of the funding providers for the new development.<\/p>\n

\u201cThis investment will continue our mission of making the city of Pittsburgh a premier, worldwide destination,\u201d Corbett said in a press statement. \u201cBringing people and jobs to the Northside area will ensure that we can continue to build a stronger city and state.\u201d<\/p>\n

Other grants recently awarded by Gov. Corbett include $30.7 million for United States Steel Corp.\u2019s $187 million investment in its Mon Valley Works operations<\/a><\/em> in Braddock, as well as $4 million for the revitalization of the former Saks department store building<\/a><\/em> on Smithfield Street in Pittsburgh.<\/p>\n

Photo credits: LoopNet <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A $20 million redevelopment project centered around the renovation of the former ARC House building on Pittsburgh’s North Side will bring a new 120-key Comfort Inn by Choice hotel, a 300-space parking garage and a 36-unit apartment building.<\/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":[],"class_list":["post-1004105387","post","type-post","status-publish","format-standard","hentry","category-latest","category-pittsburgh"],"acf":[],"yoast_head":"\nOctober Development\u2019s $20M Hotel and Apartment Project in Pittsburgh Receives $3M Economic Growth Initiative Grant - 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\/october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"October Development\u2019s $20M Hotel and Apartment Project in Pittsburgh Receives $3M Economic Growth Initiative Grant\" \/>\n<meta property=\"og:description\" content=\"A $20 million redevelopment project centered around the renovation of the former ARC House building on Pittsburgh’s North Side will bring a new 120-key Comfort Inn by Choice hotel, a 300-space parking garage and a 36-unit apartment building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2\/\" \/>\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=\"2014-10-09T18:59:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T06:58:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Former-ARC-House-building-in-Pittsburgh.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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/october-developments-20m-hotel-and-apartment-project-in-pittsburgh-receives-3m-economic-growth-initiative-grant-2\/\",\"name\":\"October Development\u2019s $20M Hotel and Apartment Project in Pittsburgh Receives $3M Economic Growth Initiative Grant - 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