A former heavy industrial site in the city’s Lawrenceville neighborhood will soon be home to a $35 million, 182-unit apartment building with nearly 9,000 square feet of hospitality space–along with the reuse of a massive steel structure known as Bay 4 that is as long as a football field.
The Foundry at 41st, as the development will be known, makes use of 12,000-square-feet industrial space on a five-acre lot in the 4100 block of Willow Street. The site was established in 1870 as a foundry, a factory for shaping metal, and has been unoccupied for several years.
Fort Willow Developers’ President Alex Simakas, who bought the property from the Regional Industrial Development Corporation of Southwestern Pennsylvania, and Walnut Capital will break ground on the site Wednesday. The property is being designed by Rothschild Doyno Collaborative.