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Old Posted Aug 16, 2017, 2:46 PM
BrianTH BrianTH is offline
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Join Date: Jan 2010
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The developers of the former Saks site are adding 17 more condos and 2 floors to their plan, with a goal of starting construction on that phase as soon as the garage is done in October:

http://www.post-gazette.com/business...s/201708160078

Quote:
Millcraft Investments and McKnight Realty Partners now are planning to build 87 condos in the second phase of the Smithfield Street development. That’s 17 more than was first envisioned when they ditched plans in the spring to build a 174-room Moxy Hotel and 56 loft apartments in favor of condos. The for-sale housing will be built above a 582-space parking garage and about 25,000 square feet of retail space scheduled to be completed by the end of October. Work on the second phase is expected to start as soon as the garage is finished. . . .

The increase in the number of units will add two floors to the second phase, making it nine stories. That’s on top of the seven-story garage. Among the condos, at least 15 percent are being classified as “workforce units” — with prices below the mid-$200,000 range. Mr. Piatt said the goal is to price the housing at a rate competitive, if not cheaper, than the cost of renting an apartment Downtown. Overall, the average price of the condos will run in the $440,000 to $450,000 range. There also will be two floors of larger higher-end units that can be customized by the buyer. . . .

Among the amenities will be operable windows in the units as well as a rooftop deck with entertainment and dog walking areas, a fire pit and kitchen. Buyers also will have the option of opening up their facades, with appropriate barriers, similar to the way restaurants use folding glass doors to provide open air space for customers.
16 floors total is not bad at all. This is one version (possibly out of date now) of what it looked like with 7 upper floors, so you can somewhat imagine how 9 would look:



There was also a little news about their retail plans:

Quote:
On the retail side, Fogo de Chao, a Brazilian steakhouse, will open in its 11,000-square-foot street level space in February. The developers are looking for a grocer or music venue to fill the other 13,000-square-foot space. Mr. Piatt feels the latter would add to the vibrancy Downtown. “We feel this is a great opportunity for us to do that,” he said.
Everyone wants a Downtown grocery and this would be a good central location for it. But a music venue would be cool too.
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