$100M development to break ground in Oakmont in February
0 Comments | Tribune – Review / Pittsburgh Tribune – Review, Jan 7, 2010 | by Sam Spatter
Edgewater Properties LLC plans to break ground on a $100 million mixed-use development in Oakmont in February, according to one of its developers.
The developers acquired the 34-acre site, formerly home to Edgewater Steel, on Oct. 28 for $4.5 million from the Regional Industrial Development Corp. of Southwestern Pennsylvania.
“We have already demolished the former steel plant on the site and will also demolish the office building before beginning construction,” said Bruce J. Corna, vice president, who holds the same title with The Kacin Companies. Kacin is a partner in Edgewater Properties with Equity Landmark Communities.
Tentative prices range from $190,000 to nearly $700,000, he said. Each unit will have a garage.
The site will feature walking trails and tree-lined streets with sidewalks
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