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Old 03-18-2014, 03:36 PM
 
1,010 posts, read 1,394,241 times
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Quote:
Originally Posted by CFP View Post
Retail projects with no demand like ELP North and South are able to get off the ground because of the developer's non-profit status and millions of dollars of public financing from URA, HUD, etc.

Meanwhile the for-profit Odeon project has gone nowhere for good reason because private sectors developers using their own capital cannot remain in business by adding supply where there is no demand.

Pittsburgh's East Liberty project switches from office space to apartments - Pittsburgh Business Times

The Odeon Building | East Liberty, Pittsburgh, PA

You have put together a good thread. Pittsburgh is a city that looked good during the recession. It never had the growth of the sunbelt or even our rust belt peer city of cleveland. Now post recession Pittsburgh appears to be dropping back to where it was pre recession. We were at the bottom then in job growth. Not to mention the endless losses in population and jobs The post gazette article said we have lost 30,000 jobs in the metro region since december. That is not good. The population estimates will probably mirror these job losses.

"The seven-county region, which includes Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland counties, lost 30,100 jobs from December to January. The jobs statistic is not seasonally-adjusted and part of that loss was a regular occurrence from December to January as retailers, which cut 6,300 jobs, shed part of their workforce. However, the region was also down 1,100 jobs in January when compared to January of 2013, which was a comparable time."


Read more: Unemployment drops in Pittsburgh area, but so does number of available jobs - Pittsburgh Post-Gazette
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Old 03-18-2014, 03:49 PM
 
Location: North Oakland
9,150 posts, read 10,890,700 times
Reputation: 14503
Quote:
Originally Posted by Caladium View Post
By the way, not sure where you got this name of ArVa, but nobody calls Arlington that.
I used to call it "Arl. Va," because it was frequently abbreviated that way, but only to myself.
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Old 03-18-2014, 04:16 PM
 
Location: Virginia
18,717 posts, read 31,079,075 times
Reputation: 42988
Ha ha ha, that makes me think of Dave Seville saying "Al-viiiiiiin"
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Old 03-18-2014, 07:04 PM
 
Location: Pennsylvania
1,723 posts, read 2,225,472 times
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Pittsburgh should annex some inner ring suburbs. It would bump us up a few spots in the largest U.S. cities list.
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Old 03-18-2014, 07:56 PM
 
Location: Pittsburgh, PA
1,106 posts, read 1,163,534 times
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Quote:
Originally Posted by Clint. View Post
Pittsburgh should annex some inner ring suburbs. It would bump us up a few spots in the largest U.S. cities list.
Which are considered inner ring suburbs? I still cannot get a handle on the geography of this area...
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Old 03-18-2014, 08:00 PM
 
Location: The canyon (with my pistols and knife)
14,186 posts, read 22,736,528 times
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Quote:
Originally Posted by charisb View Post
Which are considered inner ring suburbs? I still cannot get a handle on the geography of this area...
Wilkinsburg, Edgewood, Swissvale, Baldwin, Brentwood, Dormont, Crafton, McKees Rocks, Bellevue, Millvale, Reserve Township, Etna and Sharpsburg.
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Old 03-18-2014, 08:11 PM
 
419 posts, read 551,608 times
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Quote:
Originally Posted by Gnutella View Post
Wilkinsburg, Edgewood, Swissvale, Baldwin, Brentwood, Dormont, Crafton, McKees Rocks, Bellevue, Millvale, Reserve Township, Etna and Sharpsburg.
What about Mt. Oliver?
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Old 03-18-2014, 08:11 PM
 
Location: Pittsburgh, PA (Morningside)
14,353 posts, read 17,019,980 times
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Quote:
Originally Posted by Gnutella View Post
Wilkinsburg, Edgewood, Swissvale, Baldwin, Brentwood, Dormont, Crafton, McKees Rocks, Bellevue, Millvale, Reserve Township, Etna and Sharpsburg.
I'd add Ingram, Green Tree, Stowe, Avalon, Rankin, Homestead, West Homestead, and Munhall to the mix. I'm not sure Baldwin belongs in the city either. Well, maybe the half of it north of Brentwood Road, but the southern part is too far out to be realistically called a first-ring suburb.
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Old 03-18-2014, 08:37 PM
 
Location: 15206
1,860 posts, read 2,578,790 times
Reputation: 1301
Quote:
Originally Posted by CFP View Post
Retail projects with no demand like ELP North and South are able to get off the ground because of the developer's non-profit status and millions of dollars of public financing from URA, HUD, etc.

Meanwhile the for-profit Odeon project has gone nowhere for good reason because private sectors developers using their own capital cannot remain in business by adding supply where there is no demand.

Pittsburgh's East Liberty project switches from office space to apartments - Pittsburgh Business Times

The Odeon Building | East Liberty, Pittsburgh, PA

ELP North and South were basically compromises for low income residents since the city razed the towers that hovered over Penn Ave.

Odeon fell through, but one big developer is taking it over. Unfortunately it won't be a movie theater, but it will be mixed use. Ask the tenants who thought they were very temporary how much time they have left. Zekes, Beauty Shop, etc were given notice.

Ace switched gears and was delayed because of some specifics with financing. Talk to the right people or google the right info and you'll get some key words that explain what happened. Construction started. A big loan closes very shortly and then they are off to the races.

The Highland and Wallace building is fully rented. Big rents that nobody would have ever imagined in East Liberty.

I'm still waiting on a big development in the NW corner of Penn Circle. That area is a wasteland of surface parking for UPMC commuters.
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Old 03-19-2014, 07:27 AM
CFP CFP started this thread
 
475 posts, read 624,471 times
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Quote:
Originally Posted by zman63 View Post
You have put together a good thread.
thanks, bro
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