PUBLIC OFFICIALS JOIN THE COMMUNITY BUILDERS FOR GRAND OPENING OF EAST LIBERTY PLACE SOUTH
Nonprofit developer marks 20 years in East Liberty with new
$13.6 million residential and commercial development
Alethea Sims, president of the Coalition of Organized Residents, and Pat Havrilak of The Community Builders cut the ceremonial ribbon at the grand opening of East Liberty Place South on Wednesday.
Pittsburgh Mayor Bill Peduto and various community leaders joined The Community Builders, Inc. (TCB), the nation's leading nonprofit developer of mixed-income housing to celebrate the grand opening of East Liberty Place South, a $13.6 million, mixed-use development that will include 52 apartments for residents with a range of incomes and 11,000 square feet of vibrant commercial space in the revitalized East Liberty neighborhood.
Located at 5836 Penn Avenue, the new community is TCB’s latest investment in East Liberty, which includes New Pennley Place, Pennley Commons and Penn Manor residential developments, the mixed-use recently completed East Liberty Place North located directly across from the project and New Markets Tax Credits towards the East Liberty Transit Center. In the last 20 years, TCB has invested more than $53 million in East Liberty. The neighborhood now includes market rate and affordable housing developments, neighborhood-scale businesses, major national retail stores and a new transit center.
“TCB is proud to be a part of the exciting transformation of East Liberty by providing quality, modern apartments to 52 Pittsburgh families along with high visibility commercial space,” said Bart Mitchell, TCB president and CEO. “We will continue to work with our partners to strengthen the community and make it an even better place to live and work.”
Located steps away from the retail shops and the East Liberty Transit Center, the façade of the East Liberty Place South features a public art installation called "Convergence" by local artist Leslie Ansley. Building amenities include secured on-site parking, a rooftop lounge and deck, bike storage, a fitness center, business center and community room. The development is expected to receive LEED Gold certification and exceeds Energy Star building standards.
The beautiful new apartments, offered to residents earning 20 to 115 percent of the area median income (AMI), include energy efficient washer and dryers and individually controlled central air and heat. Rents range from $520 to $950 for one-bedroom apartments and $610 to $1,300 for two-bedroom apartments. The spacious apartments have 712 to 972 square feet of living space.
Residents of the $13.6 million East Liberty Place South will live within convenient walking distance to new hotels, restaurants and shopping options. Located on major city bus lines, East Liberty Place is blocks away from civic attractions, restaurants and schools.
About The Community Builders, Inc.
The Community Builders, Inc. (TCB) is one of America's leading nonprofit real estate developers and owners. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential. We realize our mission by developing, financing and operating high-quality housing and implementing neighborhood-based models that drive economic opportunity for our residents. Since 1964, we have constructed or preserved hundreds of affordable and mixed-income housing developments and secured billions of dollars in project financing from public and private sources. Today, we own or manage 11,000 apartments in 14 states. We are headquartered in Boston with regional hubs in Chicago and Washington, D.C.
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