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Tribune-Review: Landlords like chances for growing population in Downtown area

By Sam Spatter, FOR THE TRIBUNE-REVIEW
Friday, June 5, 2009

Sol Gross took a gamble in 2000 when he purchased the 83-unit 625 Stanwix Tower Apartments, Downtown.

Until Downtown living became more popular in recent years with the addition of numerous condominium and rental developments, the attraction of having a residence in Pittsburgh's Downtown area was at most lukewarm.

That has changed.

Since 2000, there have been 705 new apartment units and 507 condominium units either opened or scheduled to open this year in the immediate Golden Triangle area, according to the Pittsburgh Downtown Partnership. Recent openings include condos 151 First Street with 80 units, Piatt Place with 60, and Three PNC Plaza, expected to open in December with 28 luxury units.

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