Developer Negotiating To Build Apartments, Parking Garage Near Dormont Light Rail Stop

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

A developer is expected to begin negotiations with Port Authority next month for a $39.8 million, five-story apartment building and parking garage at the park-n-ride lot adjacent to the Dormont Junction Light Rail Transit station.

An authority committee today approved a one-year exclusive negotiating period with Fore Property Co., a national real estate developer based in Washington, D.C., and Las Vegas, Nev., on a lease agreement for the site, part of which is owned by Dormont Borough. The project would include an estimated $10 million in public funding, to be used toward construction of a 500-space garage.

Read more: http://www.post-gazette.com/local/2013/11/20/Developer-negotiating-to-build-apartments-parking-garage-near-Dormont-light-rail-stop/stories/201311200133#ixzz2lFThxkzt

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