More new housing for the SouthSide (Pittsburgh, Oxford: real estate, apartment complex, townhouse)

[UKyank]

While I think it's a bit ridiculous that a prior restriction was in place to limit housing to protect a developer, new housing now is a plus: Apartments rise on South Side - Pittsburgh Post-Gazette

[pman]

it's one of the worst things about the city. It's constantly giving away the store to connected developers who then do very little with their investment in return for an uncompetitive marketplace. and look, it's the same players all over again. the fact that murphy couldn't foresee demand is exactly why you don't enter into deals like this. worse, if demand didn't materialize, then no additional apartments would have been built anyway. it's a completely inexcusable concession. I think it also shows what might be built on the north shore if the city bid the land out instead of allowing continental to drag its feet and occasionally build junk.

No fewer than three apartment developments are in the works at the South Side riverfront complex, the latest a 262-unit building to be erected at Sidney and South 26th streets...
Developer Ralph Falbo also will be before the URA board this week seeking permission to convert a proposed townhouse development on South Water Street into a four-story, 56-unit apartment complex featuring one-bedroom flats.
At the same time, Oxford Development Co. is proposing to build an eight-story, 173-unit apartment building about a block away at Sidney and Hot Metal streets.
All of the construction is taking place about a year after the URA paid Columbus, Ohio-based Nationwide Realty Investors $500,000 to be released from a 2002 agreement that prohibited apartment building at the SouthSide Works complex, except for about 83 high-end units under development at the time.
The agreement negotiated under former mayor Tom Murphy was part of a deal reached with Nationwide and partner Continental Real Estate Cos. to build Carson Street Commons, a 276-unit apartment and townhouse development on a 6.5-acre tract between 25th and 26th streets.
While the 2002 deal has come under attack in the years since, Mr. Murphy and former URA executive director Mulugetta Birru have defended it, saying that at the time no one knew what the market for apartments would be in that area and that Nationwide and Continental wanted some protection for their investment. At the time, Mr. Birru has said, Soffer had no plans for apartments at SouthSide Works other than the 83 permitted under the agreement.

Read more: Apartments rise on South Side - Pittsburgh Post-Gazette

[pman]

A Michigan-based developer gave a rundown of plans on Tuesday for a second apartment building in Pittsburgh, and promised more.
Village Green Holding LLC of Farmington Hills — which owns or manages more than 40,000 apartment units across the United States — told the Pittsburgh Planning Commission it hopes to begin construction on a 264-unit, six-story apartment building in the SouthSide Works in this year's third quarter. It would be known as SouthSide Works City Apartments.
Village Green would build a 563-space parking garage with 12,000 square feet of retail space at South 26th and Sidney streets.

Read more: Michigan apartment builder increasing stake in Pittsburgh | TribLIVE
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