Construction of 52 luxury townhouses is expected to start this summer in the East End’s Bakery Square 2.0 complex, bringing the first for-sale housing to an area where apartment, office, retail and tech development has blossomed.
“It’s another piece of the puzzle,” said Gregg Perelman, CEO of Walnut Capital Partners, developers of the growing Bakery Square complex along Penn Avenue in Larimer and Shadyside.
Perelman said the townhouse development will be called Bakery Village. Prices will start in the “mid-to-high $400,000 range,” Perelman said.
“It’s the right price point for this market,” Perelman said.
The Internet search giant Google Inc. said Monday it will become an anchor tenant in a six-story office building planned in the East End’s Bakery Square 2.0 development.
“Google has signed a lease for an additional 66,000 square feet at Bakery Square 2.0 to accommodate for natural growth in our Pittsburgh office,” the company said in a statement.
It said local hiring will continue, but declined to offer specifics.
Bakery Square developer Walnut Capital Partners, based in Shadyside, hopes to begin construction on the office building in March. Google will occupy about a third of the building. Work is expected to take 18 to 24 months and cost at least $40 million.