Real Estate Notes
Tribune-Review, The, Tribune-Review/Pittsburgh Tribune-Review
- Wilkins Township commissioners have approved the subdivision and land development plan for the 12-acre Showcase East site, along Rt. 22, purchased recently by John Zemet for $4 million from National Amusements Inc. of Dadham, Mass. The NAI Acquisition Group will conduct a study of traffic flow, provide cost estimates for improvements and enter into a developer's agreement with the township. Plans call for a 124-room, four-story extended-stay Residence Inn hotel by Kratsa Properties on one portion of the site, and five separate tenants on the other sections.
- Once developer William Bonus and Canton Township Solicitor Dennis Makel complete an agreement, construction of a $60 million, 235-unit housing development, Ancient Oaks, in Washington County, could begin during the first quarter of 2008. Bonus plans to develop multifamily units and freestanding condominiums on the 75-acre site on Armstrong Drive, with the number of units depending on the availability of sewer connections, said Richard DiSalle, Bonus' attorney.
- The Pittsburgh Urban Redevelopment Authority has approved a series of grants and a loan for development of 10 single-family homes to be built on Susquehanna Street in Homewood. Building United of Southwestern Pennsylvania will receive a $325,800 loan plus grants from the Pittsburgh Housing Construction Fund of $550,000 and $100,000. The state Department of Community Economic Development will provide a $200,000 grant, and the Neighborhood Housing Program will provide a $500,000 loan. Total development cost is $2.99 million with houses priced at $128,000.
- The Sarver's Mill development in Sarver, Buffalo Township, Butler County, offers new townhouses and condominiums from $180,000 and new single-family homes from $235,000. Howard Hanna Real Estate Service is marketing the property.
- NAI Pittsburgh Commercial has been nominated in two categories at the NAI Global 2008 Convention to be held this month in Las Vegas. The awards are the Global Vision Award, presented to an individual, and the Eagle Award-Major Marker, presented to the firm that embodies the most prized qualities in an NAI member. Patrick J. Sentner will receive the Silver Elite honor at the top producer ceremony.
- The Housing Alliance of Pennsylvania presented its 2007 Advocate Award for leadership in providing affordable housing to Dan Onorato, Allegheny County chief executive, and its Leadership Award to Larry Swanson, executive director of Action-Housing. …