LG Realty Advisors Unveils Plans for Liberty East in Pittsburgh
LG Realty hopes the mixed-use development's unique retail, office and outdoor spaces will attract leading companies, generate jobs, and create new energy in Pittsburgh's central business district.
PITTSBURGH, PA—LG Realty Advisors has revealed details of its Liberty East project, a mixed-use real estate development project for Pittsburgh’s East Liberty neighborhood that the developers hope will create new energy in the community’s central business district.
The $50-million project, with a 50,000 square-foot Whole Foods as an anchor store, includes nearly 246,000 square feet of class-A, boutique office space, an additional 4,600 square feet of retail space, nearly 700 vehicle parking spaces and parking for 60 bicycles.
LG Realty is a privately held real estate development and management company with long-standing roots in Pittsburgh.
Whole Foods Market has signed a lease to occupy 50,000 square feet of retail space on the ground level of a nine-story building, which will be constructed at the corner of Penn and Euclid avenues.
“The construction of Liberty East will mark the beginning of a new chapter for East Liberty and the surrounding communities, areas that continue to witness renewal and renewed investment at a time when all of Pittsburgh is experiencing rebirth,” says Lawrence Gumberg, founder and president, LG Realty Advisors. “Our comprehensive plan for the site will result in new commercial and retail development, create much-needed employment opportunities, generate additional tax revenue and contribute to a more vibrant neighborhood.”
“As longtime members of the East Liberty community, we look forward to continuing to serve our neighbors here and providing them with a much more comprehensive and exciting shopping experience,” says Scott Allshouse, president of the Mid-Atlantic region of Whole Foods Market.
As part of the redevelopment, LG Realty will contribute $1 million to rebuild and improve Enright Park, the city park adjacent to the development site and an important community asset that serves as a meeting place and green space for residents. The reconfigured Enright Park will promote connectivity and park access from Penn, Negley and Euclid avenues.
LG Realty will also earmark more than $2 million for the city’s East End affordable housing fund. The fund is slated specifically for developing affordable housing in and around East Liberty.
Construction for the first phase of Liberty East is expected to begin in the summer. Completion of phase one is slated for the summer of 2021.