A major new project could be in the works for one of Pittsburgh's most notable neighborhoods.
The $40-million idea would revitalize a prominent and very busy spot in Squirrel Hill.
It's not completely a done deal.
There’s a public meeting Monday night at the JCC for anyone who has questions.
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“When you come off the parkway and you see this blighted site, people are happy something's finally happening with it,” said Herky Pollock, Pittsburgh real estate developer.
The last time the busy corner in Squirrel Hill made news was in 2015 when Channel 11 showed a fire that leveled several businesses there.
Pollock hopes his new high rise, which will feature a 3 ½ story parking garage will not just turn a profit, but turn heads.
“Hopefully it spawns more development throughout the Squirrel Hill area,” Pollock said.
The building will take up an entire corner at Forward and Murray avenues.
His 10-story building will house 125 apartments, more than 13,000 feet in retail space and a 130-space parking garage.
Most Squirrel Hill residents told Channel 11 they are happy with plans to develop what some consider the gateway to Squirrel Hill, but one long-time resident was concerned it would not be the affordable housing the city needs.
“You look around Pittsburgh, you see a lot of development, but I'm not sure it's affordable for our income,” said resident Teresa Chalich.
“You have to get a certain amount of economic revenue to make it work, so we would like at some point to do a different development, perhaps phase two or three would be affordable, unfortunately the first phase can't be affordable,” Pollock said.
Still ahead is a zoning board meeting in August, but Pollock says he's sees this as a reality by summer of 2019.
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