East End’s Bakery Square 2.0 Complex Adds Townhouses

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.

Read more: http://triblive.com/news/allegheny/8502370-74/bakery-building-square#ixzz3cD3bKKRM
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Fulton Bank’s Expansion Grows By 75 Percent

Plans for Fulton Bank‘s expansion near Lancaster‘s Penn Square may have been delayed by two years, but those plans have also increased in size by 75 percent.

The county’s largest bank now plans an eight-story office building, with a two-level underground parking garage at 23 E. King St.

Project planners on Tuesday provided no cost estimate for the 159.000-square-foot building which will replace the former Sovereign Bank building now on the site.

The building was originally slated for completion in 2013.  In May, Fulton announced it would be begin construction next spring of a 91,000-square-foot, six story building that was due to be completed in spring 2015.

Read more: http://lancasteronline.com/article/local/728196_Fulton-Bank-s-expansion-grows-by-75-percent.html#ixzz25t5BQYml