A new residential development that bridges Downtown and the Strip District is taking shape within a former equipment warehouse at 1221 Penn Ave.
Located steps from
Sushi Kim,
Two Louie’s Market and the
Heinz History Center, the nine-story
Hardware Lofts will feature approximately 32 for-sale condos ranging in size from 850 to 2,100 square feet. Designed by
Rob Indovina, the modern loft-style units will feature balconies, 11-14-foot ceilings, basement storage and floor-to-ceiling windows.
Developers Luke Katich, Mauricio Czonstkowsky and Corey Cumiskey— all under age 27—expect to close on the 1920s-era property in a few months. “The Strip is in a prime position for the Downtown workforce. People are migrating to the city now. There’s going to be a market for this,” says Katich, a Fox Chapel native who studied business and economics at
The College of Wooster. “We’d like to do more projects in the Strip District. It’s a fantastic spot.” Their first effort as KCC Development, the trio is currently looking into
LEED certification for the project.
Situated adjacent to a vacant lot, the 45,000-square-foot project will also feature a roof deck, first-floor restaurant and covered drop-off area. Parking leases will be available at the new Grant Street Transportation—
slated to open in September—which will house the expanded Greyhound terminal and a 1,050-car garage.
Units will be available for occupancy in late 2009. A 10-year tax abatement program as well as first-time homebuyer rates through the
Urban Redevelopment Authority are available. Unit prices will start in the mid-200's; penthouse units will sell for approximately $800,000.
Writer:
Jennifer BaronSource: Luke Katich, KCC Development and Hardware Lofts
Image courtesy KCC Development