(Read more on the multifamily market.)

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[IMGCAP(1)]PITTSBURGH-DOC-Economou has unveiled plans for afour-block mixed-use complex to occupy the former Don Allen AutoCity site and a few contiguous parcels at Baum and Liberty avenues.John Economou, a principal, tells GlobeSt.com the company paid $18million for the land, which is slightly more than seven acres, andthe all-in cost of development is projected at $230 million.

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[IMGCAP(2)]The plan calls for more than 400,000 sf of retail,150 residential condos, a 120-room hotel and 300,000 sf of office,including medical facilities. Economou says the complex is splitalong four individual blocks, and the buildings will range from twoto nine stories tall. Moving from west to east, one block will havea six-story office building with ground-floor retail; the next willhave a nine-story hotel, which may include several floors of retailand residential condos; next comes additional condos and retail,capped by a five-story office, residential condo building on theeastern-most block.

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Phil Hugh, also a DOC-Economou principal, tells GlobeSt.com,"the sizes and prices of the multifamily condo spaces is stillbeing determined. It will be a mix of moderate price to high-endluxury," he says, and estimates the prices in that market rangebetween about $270 per sf and more than $400 per sf. DOC-Economou'smarketing partner for the residential component is Howard HannaReal Estate, which is based here and has offices throughout thetri-state area.

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The retail component will include a combination of "restaurantsand local and national boutique-type retailers," Economou says."We're not looking for a big box." Locally based Langholz-WilsonEllis Inc. is handling the commercial marketing effort.

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"We're in discussion with a lot of different hotel franchises,"Economou adds. "It will be upper end, mid or even extended-stay."The inclusion of medical office space is designed to meet demandfor the several neighboring hospitals, and the office space may beoffice condo or straight rental, according to Economou.

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DOC-Economou, which has offices in suburban Wexford, PA; Chicagoand Fort Meyers, FL, is a full-service developer with in-housecapabilities, including architecture, design, construction andmanagement. It is also the developer of the Southside Worksmixed-use complex here and will manage it along with the entireBaum-Liberty project. Demolition at the former auto dealership sitewill begin within months, and the complex will be developed in fouror five phases with completion scheduled within 48 months.

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