02/12 2015

Proposed Development On 2nd Ave

A Shadyside developer wants to build 352 market-rate apartments at the Pittsburgh Technology Center along Second Avenue in Oakland.

The city’s Urban Redevelopment Authority owns the land where Walnut Capital would build. The URA’s board is scheduled to vote Thursday to negotiate with Walnut Capital for up to 90 days to sell the four-acre property to the developer, a meeting agenda shows.

The land is appraised at $1.4 million. If the sale goes through, the developer would submit a building proposal to the city Planning Commission.

URA Chairman Kevin Acklin said the potential development “further confirms the growing strength of our city’s housing market.”

The development would be called Technology Center Living. Amenities would include an outdoor pool, sun deck and sports court, along with parking for cars and bicycles, URA documents show.

Work would be done in two equal phases, the documents show.