Another residential loft project is planned for the Strip District. Last week the Urban Redevelopment Authority approved a $1 million Proposal Development Funding loan to Cork Factory developers Chuck Hammel and McCaffey Interests, Inc., which provided the necessary funds to move the project forward.
Residences at the Strip, as the project is being called, will be a continuation of the successful Cork Factory lofts at 2349 Railroad Street. The Residences project will consist of new construction on a vacant lot between 24th and 25th Streets.
Mayoral Spokeswoman Marissa Doyle says this project is a continuation of Mayor Ravenstahl’s vision for the Strip District.
“We've seen the success of the first phase of the Cork Factory, so we're very excited about this opportunity to build on it,” Doyle says. “Something like this really furthers the mayor's vision to connect residents to the riverfront, which has been an ongoing mission of ours.”
The Residences will consist of a four-story building and 96 residential housing units. Total projects costs are expected to be $18 million.
Doyle links the Residences project with the renovated Otto Milk Building, the original Cork Factory, and the future Buncher riverfront development. She says these projects are part of Pittsburgh’s Third Renaissance, which is different than those of the past because of the deliberate focus on neighborhoods.
“It really shows a positive shift in the Strip District neighborhood and we really look forward to this new development project building on that momentum,” Doyle says.
Writer: Andrew Moore
Source: Gigi Saladna, URA; Marissa Doyle