I am so excited for what is happening for this city. They need more downtown living, and these guys are making it happen. I want to live here now. 🙂 Check out the video, and also the audio feed of me chatting with Jeremy Leventhal about why he chose our city to invest in
Faros Residential Makes $100 Million+ Investment in Pittsburgh: First Step in Long-term Commitment to City’s Revitalization
Alexander Leventhal, Jeremy Leventhal and Elliot Gould are committed to Pittsburgh, with Faros investing over $100 million into two of Pittsburgh’s most historic residential locations over the past 18-24 months. In November 2012, the company acquired Washington Plaza; the following March, Faros finalized sale on Allegheny Center – purchasing all four of the center’s residential buildings. The combined scope of both acquisitions totals 1,200 units – making Faros the largest holder of rental properties in greater downtown Pittsburgh.
Multi-million dollar renovations at both properties have already begun, with the excitement marked by two significant changes. As of July 29, 2014, each property will be renamed: Washington Plaza as City View; Allegheny Center as Park View.
With work expected to be completed by late fall, both renovated complexes will feature new state-of-the-art fitness studios, business centers, dog parks, game rooms and lounge areas. Both properties will also see improvements to their outdoor relaxation areas, as the Park View rooftop sundeck undergoes significant updates and City View welcomes the opening of its Tree House patio.
These improvements will complement the services currently featured at each property, including: 24-hour emergency maintenance, on-site parking and convenient, online payment options. Residents at City View will continue to enjoy complimentary shuttle transportation, as well as 24-hour concierge and valet service, while Park View residents benefit from uninterrupted access to some of the city’s most popular attractions, including: PNC Park, Heinz Feld, The Benedum Center, O’Reilly Theater, Carnegie Science Center, Andy Warhol Museum, Convention Center, Children’s Museum and Three Rivers Casino.