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Gainey, Walnut Capital reach deal on Oakland Crossings project

Gainey, Walnut Capital reach deal on Oakland Crossings project

Gainey, Walnut Capital reach deal on Oakland Crossings project
"Pittsburgh Mayor Ed Gainey and Walnut Capital reached a deal last week on proposed zoning for the developer’s Oakland Crossings project, which will receive a vote later this month from the City Planning Commission.

The initial proposal, which sparked controversy in the community, has been amended to include narrower and more clearly defined zoning, a public benefits agreement which covers affordable housing, food access, inclusive contracting and the creation of 250 “good paying” union construction jobs.

The revised project will now be done in a phased approach, which allows for expanded green space, protection of Zulema Park and an overall smaller zoning footprint. Its first phase will only encompass Halket Street, as well as the former Quality Inn and Isaly’s sites on the Boulevard of the Allies. The plan will also ensure that multifamily residential developments will include at least 10% of units at rent that are affordable to households at or below 50% of the area median income for at least 35 years."

Read the full article here.

Martha Layne | Pitt News