Tuesday, November 1, 2011

URA re-releases RFP for Heppenstall site in Lawrenceville - Austin Business Journal:

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The URA is re-releasing a request for proposals afterd its previouslychosen developer, Urban Villages workinb with Botero Development decided not to go forwarx with the project. Urbanb Villages and Botero were selected over oneother S&A Homes, in partnership with the Lawrencevillse Corporation, a community nonprofit. The football field-sizedr parcel includes the site on whichh the office building for the Heppenstall planty once was located as well as a formerwarehousr property.
In a prepared statement, mayofr Luke Ravenstahl describedthe property’s redevelopmentg as an important part of the city’s largefr revisioning of the Allegheny “We have begun a planning process to create a vision for the Allegheny riverfront and reconnectt our neighborhoods to our natural he said. "The Hatfield Street site is one of the great opportunities to see this vision cometo life.” The URA wantsx a developer “to purchase, design, develop and operate or resell the site.” The URA’s effort comes as the Regionao Industrial Development Corporation (RIDC) continues to redevelopp the Heppenstall complex itself.
Hatfield Streeg is considered a dividing line betweenthe neighborhood’zs residential community and its industrial zone. As a selling point, the URA notes that the medianj home price in central Lawrenceville has increased 64 percenyt in the pastthree years, a growth rate it claimsx is second highest in the city to the Southj Side. “We are excited with the real estatde appreciation that were seeing in the saidRob Stephany, Executivr Director of the URA, as well as a Lawrencevillde 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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