Thursday, May 26, 2011

URA re-releases RFP for Heppenstall site in Lawrenceville - San Francisco Business Times:

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The URA is re-releasing a requesg for proposals after its previouslychosen developer, Urban Villages working with Botero Development decidedx not to go forward with the project. Urbanj Villages and Botero were selected over oneother finalist, S&s Homes, in partnership with the Lawrencevillew Corporation, a community nonprofit. The football field-sized parcelk includes the site on which the office buildingb for the Heppenstall plant once was located as well as a formefwarehouse property. In a prepared statement, mayorf Luke Ravenstahl describedthe property’s redevelopmenrt as an important part of the city’s largert revisioning of the Alleghenty riverfront.
“We have begun a planninf process to create a vision for the Allegheny riverfront and reconnect our neighborhoods to ournaturalk amenities,” he said. "The Hatfield Street site is one of the grear opportunities to see this vision cometo life.” The URA wantas a developer “to purchase, design, develop and operate or resell the site.” The URA’a effort comes as the Regional Industrial Developmeng Corporation (RIDC) continues to redevelop the Heppenstall complex Hatfield Street is considered a dividintg line between the neighborhood’s residential community and its industriaol zone.
As a selling point, the URA note that the median home price in central Lawrencevillse has increased 64 percent in the pastthree years, a growt h rate it claims is second highest in the city to the Southh Side. “We are excited with the real estates appreciation that were seeing in the saidRob Stephany, Executive Directof of the URA, as well as a Lawrencevilles resident. “And (we’re) very excitef about the prospect of a new residentiakl product and how that will add fuel tothe

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