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Release Date: Friday, March 27th 2009
Associated Press: Despite recession, Pittsburgh in a building boom
PITTSBURGH (AP) — Six years ago, Kathy Wallace and her husband did something unusual in this former steel town: They sold their suburban home and moved downtown where few condos existed, there was no grocery store, and nearly everything closed at 5 p.m.
Now, thousands of others have joined the Wallaces, staking their posts between skyscrapers and office buildings in new condos and lofts as demand for downtown living here is on the rise.
While bigger cities like Miami and Phoenix struggle with mass foreclosures and stalled housing projects, Pittsburgh is enjoying something of a renaissance as developers pour some $4 billion into its downtown.
