The Community Builders Inc. (TCB), one of the nation's leading nonprofit housing developers, and the Urban Redevelopment Authority of Pittsburgh (URA) have announced that the groundbreaking celebration for 5801 Penn Avenue will take place Tuesday, April 7, 2009 at 11:00 a.m.
City of Pittsburgh Mayor Luke Ravenstahl and local community leaders will mark the occasion with remarks, followed by a Hard Hat Dig.
5801 Penn Avenue (www.5801pennave.com) is a mixed-use redevelopment project on the north portion of the site of the former East Mall high-rise at the intersection of Penn Avenue and Penn Circle West. The project consists of 54 one- and two-bedroom apartments over 11,000 square feet of street-front retail space. The apartments include a mix of income- and rent-restricted units to serve low and moderate-income persons - including former residents of the high-rise - as well as market-rate units.
The second phase of the project will involve the redevelopment of 5800 Penn Avenue (the East Mall site to the South of Penn Avenue). Current plans contemplate an additional 75 apartments or condominiums and approximately 24,000 square feet of retail space.