The planned Eastside III development will be centered on a new $52 million transit center and will include more than 360 apartments and 50,000 square feet of retail.
A project of Mosites Co.
, the $65 million transit-oriented development will complete the 14-acre Eastside development which began in East Liberty over a decade ago.
Mosites' earlier developments have brought large retailers such as Whole Foods and Target to the neighborhood. Now, rather than seeking more big-box retailers, the latest phase will be built for smaller stores complimentary to the new residential units proposed for the site.
Steve Mosites says his company is excited about building community in the larger context, as well as at the development site.
"With 360 apartments, it's a community within itself," he says.
The new multi-modal transit center will include a new bicycle parking garage, pedestrian links, and a hub for nearly 1,000 daily bus departures and arrivals. A new connection to Shadyside will be constructed via a pedestrian bridge.
Last June, the City received a $15 million TIGER IV grant for the planned East Liberty Transit Center. The transit center is being developed in a partnership between the Port Authority of Allegheny County, the URA, and Mosites.
The URA board voted last week to sell a portion of vacated Shakespeare Street to Mosites for $1, which completes the site assembly necessary to begin development of both projects. Bids for the transit center’s development could begin as early as this summer, while the Eastside III project is expected to break ground by mid-2014.
Writer: Andrew Moore
Source: Steve Mosites