A ribbon-cutting ceremony was held last Thursday for the Columbus Square development
in Manchester, a project five years in the making. Despite wind and rain, community members turned out to tour the project’s first completed home, and to hear remarks from project developers and community leaders.
Linda Nelson, chair of the Manchester Citizens Corporation, said this development will anchor the north-eastern section of the neighborhood, adding valuable housing diversity to the community. Nelson says her organization is also extremely proud of the cost-saving, energy features included in these homes.
“Because we value sustainability and we understand that it is necessarily for communities like ours to grow and prosper,” Nelson said.
Currently, five homes are finished or near completion. Project developer Fourth River Development LLC will continue the build-out based on pre-sales, with plans to construct a total of 31 new homes.
The featured model unit contains four bedrooms, a first-floor den or study, three and one-half baths, and is offered at a base price of $255,000. Two of the five homes have been pre-sold, with prices beginning at $179,000.
The redevelopment project has also resulted in the reopening of Juniata Street to Fulton Street, which had formerly dead-ended into a cul-de-sac.
A ten year tax abatement program is offered as an incentive to potential homebuyers. Mayor Luke Ravenstahl called this a tremendous incentive, and said he was happy to have it available in Manchester, targeted by his administration as a Neighborhood Growth Zone.
Columbus Square is built on the former American Electric site, which had been vacant and empty for nearly 20 years. Fourth River Development LLC’s other notable redevelopment projects in Pittsburgh include Washington’s Landing and Summerset at Frick Park.
Writer: Andrew Moore
Source: Fourth River Development LLC