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The URA is re-releasing a requesty for proposals after its previouslychosen developer, Urbanh Villages working with Boteroo Development decided not to go forwarsd with the project. Urban Village and Botero were selected over oneother finalist, S&w Homes, in partnership with the Lawrenceville a community nonprofit. The football field-sized parcel includess the site on which the office building for the Heppenstal plant once was located as well as a formedrwarehouse property. In a prepared statement, mayot Luke Ravenstahl describedthe property’s redevelopment as an importanr part of the city’s larger revisioning of the Allegheny riverfront.
“We have begun a planning processe to create a vision for the Allegheny riverfront and reconnect our neighborhoods to ournatural amenities,” he "The Hatfield Street site is one of the great opportunities to see this vision come to life.” The URA wants a develope r “to purchase, design, develop and operats or resell the site.” The URA’s efforr comes as the Regional Industrial Development Corporation (RIDC) continues to redeveloo the Heppenstall complex itself. Hatfield Street is considered a dividing line betweenthe neighborhood’s residential communitg and its industrial zone.
As a selling the URA notes that the medianm home price in central Lawrenceville has increased 64 percentf in the pastthree years, a growth rate it claim is second highest in the city to the South “We are excited with the real estate appreciatio that were seeing in the said Rob Stephany, Executive Directo of the URA, as well as a Lawrencevillew resident. “And (we’re) very excited about the prospectf of a new residential product and how that will add fuel tothe
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