Now the developer behind the $25 million rehab of the seven-story Fifth Avenue landmark might take the building’s past flirtations with housing to a much grander level.
Walnut Capital is considering a plan to convert much of the grandiose clubhouse into higher-end condominiums, perhaps as part of a mixed-use development that could include restaurants and offices.
The Shadyside firm is rethinking its approach. The company had planned to redevelop the building into office space after purchasing it for $12.6 million in 2018 as part of the private social and athletic club’s bankruptcy reorganization."
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Pittsburgh Post-Gazette | Mark Belko