Plans Move Forward for Ambling University’s Major Apartment Community in Pittsburgh; A.R. Building to Begin Construction on 120-Unit Multifamily Project in Baldwin
- Sep 24, 2014
By Adriana Pop, Associate Editor
One of the largest new apartment developments in the history of Pittsburgh’s Oakland district will soon rise on the former Allegheny County Health Department property.
According to the Pittsburgh Business Times, the city’s Planning Commission has approved the demolition of the old structure at 3333 Forbes Ave., as well as the design of the upcoming 389-unit Skyvue apartment community.
Valdosta, Ga.-based Ambling University Development Group is planning to invest between $75 million and $80 million in the 13-story development. Massaro Corp. will build the project, which will have a terraced structure of more than 500,000 square feet.
Plans call for a mix of studios, one-, two- and three-bedroom units, as well as street-level retail on both Fifth and Forbes avenues, 286 parking spaces (275 of which will be assigned to residents, while the remaining 11 will be set aside for retail use) and 132 spaces for bike parking.
Construction on the project is expected to begin early next year and be complete by the end of 2016.
Ambling University Development Group specializes in student housing projects. The company’s experience within the past decade includes 63 campus developments with over 35,000 beds.
A 291-bed facility for West Virginia State University in West Virginia and the 622-bed Flats at West Village (pictured) for the University of Virginia in Charlottesville are among the firm’s latest development projects.
In other news, the Pittsburgh Business Times reports that local apartment developer A.R. Building Co. is about to break ground on a 120-unit multifamily project in Baldwin.
The Seven Fields-based company is investing $14 million in the new development, which will include three four-story buildings of 40 apartments each. The yet unnamed complex will rise on a five-acre site near the YMCA on Route 51. It will feature a mix of one- and two-bedroom apartments expected to rent for between $1,000 and $1,200 per month.
To read more about Pittsburgh’s multifamily market trends, click here.
Photo credits: Ambling University Development Group