has unveiled its plans for The Gardens, a $200 million development that will span one block along the south side of Forbes Ave. from Market Square to Wood St. Downtown.
The mixed-use project will include 500,000 square feet of built-to-suit office space, 140 apartments, first-floor retail, and a 450-space parking garage. "We’re searching for a lead office space tenant. We’ll have high-end streetfront retail and apartments for young professionals,” says Lucas Piatt, with Canonsburg-based Millcraft Industries, who is talking with several out of town partners about the development.
Residential units will range in size from 1,000 to 1,200 square feet. “Apartments are driving the market right now. Once the credit crunch is over and depending upon the financing, there could be condos,” adds Piatt, who has had preliminary discussions with several architects. “Our goal is do a net-zero energy building, and be a model of public-private partnerships working in Downtown areas. This building could be a beacon for our projects here.”
Construction on The Gardens is expected to start in 2010. Previously called Forbes Village, The Gardens marks the second phase of Millcraft’s investment in Downtown’s Fifth-Forbes corridor, following its development of Piatt Place
and Market Square Place
. On July 3, Millcraft closed on financing for Market Square Place. Piatt says the development’s YMCA, which will be housed within a former G.C. Murphy, is slated to open in March 2009.
In Downtown Washington Pa., Millcraft’s Land America development has reached 80% occupancy. The project’s second phase includes an amphitheatre and green space improvements.
Writer: Jennifer Baron
Source: Lucas Piatt, Millcraft Industries, Inc.