Developer working to convert Lawrenceville hotel into affordable housing

Strip District-based Hullett Properties is proposing to convert the TRYP by Wyndham hotel in Lawrenceville into an affordable housing project as a hotel group is also expressing interest in buying it if that plan falls through.

Hullett's proposal is a preliminary plan for which the development firm, best known in Pittsburgh for a Smallman Street condo project and the redevelopment of the Triangle Building downtown, has been granted $1.5 million in gap financing from the Housing Authority of the City of Pittsburgh and has had initial meetings with community organizations in the neighborhood for a project that also faces some resistance...Read More

TECfusions buys former Alcoa research facility for data center campus



A tech startup is poised to a pursue a huge data center redevelopment in Westmoreland County.

A firm called TECfusions announced it has bought the former Alcoa Research and Development campus in Upper Burrell, marking the second next-generation technology investment in a legacy Alcoa property in the Allegheny Valley in the past year, following the 2024 investment by Re:Build Manufacturing in the New Kensington Advanced Manufacturing Park...Read More

Beacon CEO Dara Kovel sees "stars align" to make Pittsburgh her firm's busiest city for affordable housing development

Dara Kovel's three-day itinerary on a freezing few days in Pittsburgh included a ceremonial wall-whacking to kick off an affordable senior living redevelopment of the First & Market building downtown, then a ribbon cutting for the completion of the Letsche School redevelopment in the Hill District.

The shift from a "before" ceremony for one project to an "after" one in the same city within a few days of one another demonstrates an ongoing ramp up in investment in Pittsburgh that will go beyond the combined more than $60 million invested in the two projects by Beacon for which Kovel was in town...Read More

The National Observer: Real Estate: High-risk climate areas projected to see home values sink

It's been tough to see all of the images coming out of the Los Angeles wildfires, which have now been raging for more than a week.



It's also a bit overwhelming to grapple the long-term impacts the wildfires will inevitably have on the Greater Los Angeles area — a market already struggling with high home prices, constrained inventory and development hurdles. Human lives and health safety are always paramount to the built environment, but it's hard to contemplate the number of people whose homes and businesses have been completely wiped off the face of the Earth...Read More