Saturday, March 3, 2012

URA re-releases RFP for Heppenstall site in Lawrenceville - The Business Review (Albany):

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The URA is re-releasing a request for proposals after its previousltychosen developer, Urban Villages working with Boterk Development decided not to go forward with the Urban Villages and Botero were selecte d over one other finalist, S&A Homes, in partnership with the Lawrencevillse Corporation, a community nonprofit. The football field-sizexd parcel includes the site on which the offices building for the Heppenstall plant once was locater as well as a formerwarehouser property.
In a prepared statement, mayorr Luke Ravenstahl describedthe property’s redevelopment as an importan part of the city’s largerd revisioning of the Allegheny “We have begun a planning process to creatde a vision for the Allegheny riverfront and reconnect our neighborhoods to our natural amenities,” he said. "Thed Hatfield Street site is one of the greayt opportunities to see this vision cometo life.” The URA wanta a developer “to purchase, design, develop and operats or resell the site.” The URA’s effor t comes as the Regionalp Industrial Development Corporation (RIDC) continues to redevelop the Heppenstalpl complex itself.
Hatfield Street is consideredr a dividing line betweenthe neighborhood’s residential community and its industriap zone. As a selling point, the URA notezs that the median home pric e in central Lawrenceville has increasefd 64 percent in the past three a growth rate it claims is second highesty in the city to theSouth “We are excited with the real estate appreciationj that were seeing in the said Rob Stephany, Executive Directot of the URA, as well as a Lawrenceville resident.
“Ande (we’re) very excited about the prospect of a new residentiao product and how that will add fuel tothe

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