A New York-based developer is entering negotiations with the Urban Redevelopment Authority to buy and revitalize a former steel mill brownfield in Pittsburgh’s Lawrenceville neighborhood.
Golden East Investors is looking to develop a 14.2-acre property on 62nd Street into two separate high-bay structures.
The $20 million project also would include creating 15,300 square feet of public park space.
Their intention is to lease nearly 170,000 square feet of warehouse, office or light industrial flex space to yet-to-be-identified tenants. At least some of that space would aim to fill some need identified by the community, said Jake Mansher, a partner with Golden East Investors.
Mansher acknowledged the project is still “very much in early stages,” but said community input would influence final decisions about how to use the site and what kind of tenants to attract.
Preliminary plans presented to the URA included 215 parking spots, stormwater management infrastructure and the creation of 68 temporary construction jobs, plus between 150 and 200 permanent jobs on the site.
The board would need to vote on a full redevelopment proposal before selling the property.
The URA has owned the empty site since 2008. There have been several failed attempts to try to attract someone to redevelop it since then, said Sam Williamson, who sits on the URA board.
“This is great to see finally moving forward,” he said.