SomeraRoad has unveiled a riverside residential property called The Park, one of the ultimate visions for the revitalization of SouthSide business. It is located just steps from the water along the river path.
Headquartered in New York and Nashville, the commercial real estate investment development firm has offices in Pittsburgh, Austin, Texas, Cleveland, Ohio, Indianapolis, Indiana, and Kansas City. Part of a $130 million project by SomeraRoad to modernize SouthSide Works, which opened in 2004.
SomeraRoad acquired ownership in 2018.
The company envisions the park as unique in that it will be located near the Monongahela River overlooking the Three Rivers Heritage Trail and will provide a view of the downtown Pittsburgh skyline. It will complement other improvements the company has made, such as the recently completed space called The Box Office, located within the former AMC Film Theater at SouthSide Works. Can be customized to accommodate company working arrangements. One of the tenants there is Pins Mechanical, which opens this year and has duck pins and arcade games.
SomeraRoad has also made public space upgrades, such as food and drink options from pizza to tacos to barbecue to a collaboration between Commonplace Coffee and The Speckled Egg. There will be outdoor concerts at Mon beginning in July and other entertainment events from June through August in the area called Town Center.
Other amenities near The Park include a nearby dog park where people can buy beer from the Indiana, Pennsylvania-based Levity Brewing Company and even a drugstore located a short walk away.
“We call it a live, work, play, and stay district,” said Jonathon Reiser, director and co-head of acquisitions at SomeraRoad, The Park in SouthSide Works in Pittsburgh, at the groundbreaking ceremony. “It will be the only real multifamily in Pittsburgh for rent with riverside space.”
Similar residences throughout the city are separated from the river by train tracks. In this part of the south side, trains pass under a tunnel – people do not have to walk through the rails to get to the water.
Courtesy of Desmone
General view of “The Park,” a 247-unit riverside residential property at SouthSide Works in Pittsburgh. The groundbreaking ceremony was held on May 10.
The complex will include 247 housing units. There will be a mix of one-bedroom, one-bedroom, and two-bedroom compact apartments, and two-storey townhouses. There will be a rooftop terrace with a pool, sundeck and gardens, as well as a fitness and meditation center.
Other amenities will include a dog laundry, waterfront lounges, and remote workspaces.
Rental amounts were not disclosed.
Courtesy of Fisher Photo
SomeraRoad executives, Allegheny County CEO Rich Fitzgerald and others participate in the groundbreaking ceremony for “The Park,” a 247-unit riverside residential property at SouthSide Works in Pittsburgh on May 10.
It is scheduled to be shown for the first time in the spring of 2024.
The park will be located on the site of the former J&L steel mill.
It took more than a year to create the concept, said Andrew Donchiez, Head of Development at SomeraRoad.
“Steel cities are reinventing themselves,” Donchiez said. “SomeraRoad wants to be a part of that here.”
The timing for this is perfect, said Bill Flanagan, chief corporate relations officer at Allegheny’s Conference on Community Development. It is part of an intensive development in the city. There are companies that want to invest here and want to know that there will be employees and places to live.
Courtesy of Desmone
General view of “The Park,” a 247-unit riverside residential property at SouthSide Works in Pittsburgh. It will be located next to the Great Allegheny Pass.
“We are committed to enhancing the overall experience of people who live and visit the South Side,” Reiser said. “In addition to being a stunningly beautiful property in one of Pittsburgh’s most vibrant neighborhoods, this project opens up the South Shore Riverfront for all to enjoy.”