With the volatility and uncertainty in the stock market, I feel that it would be wise for investors to consider moving their money into the Pittsburgh real estate market. The onset of development in this area has opened the door to many solid opportunities. These include the redevelopment of Pittsburgh’s central business district, the North Side corridor, the Hill District, the South Side and the East Liberty/Bloomfield/Lawrenceville areas.
Pittsburgh’s downtown central business district has seen a complete reversal from a strictly 9 to 5 type crowd to one that is moving towards a city with a vibrant round the clock living, entertainment, and social structure. Housing the first “green” convention center and world’s largest “green” building, The David L. Lawrence Convention Center has been the leading edge development point for a new central business district. In addition, the building of numerous condos throughout the city will lead to the support of retail, dining, and entertainment businesses. Being known as a ”business hours” city, Pittsburgh’s central business district is expanding to a full time environment.
The North Side of Pittsburgh has already seen major changes with the additions of PNC Park and Heinz Field. Throw in a new multi-million dollar casino, and the future speaks for it’s self.
Pittsburgh has been attempting to bring a new multi-faceted arena to town, and revitalizing the once vibrant Hill District. With construction under way, the new arena is leading the way in further upgrading and development of the surrounding areas.
Being once known as a “steel town,” the South Side of Pittsburgh has been transformed from the old steel mills into a refreshing new area consisting of restaurants, shopping, and entertainment. Already being a hot spot of Pittsburgh, the Southside Works has taken this area to new heights.
East Liberty/Bloomfield/Lawrenceville are quickly taking on a new look and becoming a major part of Pittsburgh. With medical centers and hospitals leading the way, this area is changing daily from a residential environment to a multi-faceted section of the city.
These are just a few examples of the types of positive changes that have and continue to make Pittsburgh a thriving city. From an investment standpoint the possibilities are endless, as Pittsburgh offers opportunities to invest in both residential and commercial real estate.
wow, i had no idea what was happening in pittsburgh. i keep up more than most people, but this was a great summary of what feels like a rebirth of my old city. great read, you should have your own talk show…
[...] I stated in my “Invest in Pittsburgh” post, the South Side of Pittsburgh remains a hot spot for new developments. The trend of [...]
[...] Michael Levenson wrote an interesting post today onHere’s a quick excerpt With the volatility and uncertainty in the stock market, I feel that it would be wise for investors to consider moving their money into the Pittsburgh real estate market. The onset of development in this area has opened the door to many solid opportunities. These include the redevelopment of Pittsburgh’s central business district, the North Side corridor, the Hill District, the South Side and the East Liberty/Bloomfield/Lawrenceville areas. Pittsburgh’s downtown central business district has seen a complete reversal from a strictly 9 to 5 type crowd to one that is moving towards a city with a vibrant round the clock living, entertainment, and social structure. Housing the first “green” convention center and world’s largest “green” building, The David L. Lawrence Convention Center has been the leading edge development point for a new central business district. In addition, the building of numerous condos throughout the city will lead to the support of […] [...]