Greystar announced the start of construction on Ophelia, its first apartment development in Pittsburgh.
Ophelia is part of a mixed-use development and will have 231 residences, with 35 of them dedicated to the city’s affordable housing program. Ophelia will have studio, one-, and two-bedroom layouts, and tenant amenities will include a fitness center with outdoor workout area, co-working space, billiards and bar area in the club room, pool, grilling and lawn area.
The development’s retail portion, The Meridian, is handled by ECHO Realty and will include 44,000 square feet of restaurant and retail space that includes Shake Shack and Barnes and Noble, as well as a 36,000-square-foot Market District grocery store.
“Greystar is excited to make its entry into Pittsburgh in partnership with ECHO Realty,” George Hayward, Senior Director of Development at Greystar, said. “Together we are transforming a legacy retail strip center into a unique mixed-use project, signifying the dramatic evolution of the East Liberty and Shadyside neighborhoods. We expect this to be the first of many Greystar development projects in the city.”
Ophelia is slated to begin preleasing in late 2025, with final completion targeted for early 2026.
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