As fourth generation Pittsburghers, we are proud of our city and want to continue doing everything we can to keep it prosperous and vibrant for all citizens.
In Pittsburgh’s East Liberty neighborhood, we at Pennley Park South are in the midst of building East Liberty Marketplace — a mixed-use development on the site of the Penn Plaza Apartments, a worn-out 50-year-old rental complex built back in the 1960s. In the aggregate, these types of urban redevelopment projects create jobs, increase public safety, generate more tax dollars, and contribute to our shared well-being in the city we love; all good things we can all agree on.
We are proud our project is privately funded.
We also recognize these positive changes come with very real and tough issues for some residents who live in these neighborhoods — rents increase and affordable housing options become more challenging. This isn’t just a “Pittsburgh Problem” but one confronting cities across the country.
That’s why we’re proud to be part of a very “Pittsburgh Solution” collaboratively developed with the Penn Plaza Tenant Council and the City of Pittsburgh. It’s a public-private action plan backed by real dollars that appropriately meets the needs of our current tenants while offering a mechanism for affordable housing options in the East End in the future.