A twice-baked opportunity for Pittsburgh’s resurgent East Liberty neighborhood is being readied for the oven with the recent groundbreaking for Bakery Square 2.0 – a “world-class development … offer[ing] amazing office and housing opportunities that will attract new businesses and residents,” according Pittsburgh Mayor Luke Ravenstahl – and complementing the original Bakery Square across Penn Ave. Ground was broken for the new development on February 14.
Bakery Square 2.0 is a continuation of the public-private partnership started at Bakery Square, and both are made possible by strong support from the Ravenstahl administration, including a $2 million federal grant secured by the mayor and the city’s Urban Redevelopment Authority (URA), which will help prepare infrastructure for the site. Bakery Square 2.0 will play off the success of Bakery Square – a $100 million development which has met critical needs for quality office and retail space near the East End’s bustling “eds and meds” corridor. Located on the site of a former Nabisco Bakery plant, Bakery Square has attracted more than $50 million in private investment, expanded Pittsburgh’s tech-driven economy by providing office space for new and growing tenants such as Google, UPMC Technology Development, the Veterans Administration Human Engineering Research Laboratory, Pitt’s Department of Rehabilitation Sciences and the Software Engineering Institute. It created (or will create when fully occupied) 2,213 full-time jobs and generates approximately $5.4 million in new state and local taxes each year.
Bakery Square 2.0, which will include apartments, townhomes and office buildings – to be built on the site of the former and behemoth, 1970s-era Reizenstein School – is expected to create 2,391 full-time jobs and will generate approximately $7.0 million in annual tax revenues.
Local developer Walnut Capital will oversee the Bakery Square 2.0 construction, which is expected to exceed best practices in architecture, landscape architecture and urban design, and will emphasize green and sustainable design and construction standards. Internal streets will be designed to privilege pedestrians over motorists, and pathways for pedestrians and cyclists will integrate the development into the surrounding network of urban neighborhoods.
Bakery Square 2.0 is expected to provide top-rate living options for professionals employed in medical and tech jobs at Bakery Square and nearby who want to live and play close to their work. Construction, including 175 new apartments, should begin in March.
Learn more about the development here.