Our Developments

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Community Commitment

Planning communities to enhance our neighborhoods.

With a focus on bringing people together.

Walnut Capital has helped Pittsburgh reimagine itself into a hub of new knowledge with a bright future. We have developed the expertise to take on large, complicated, urban projects and focus solely on those opportunities where we can create transformational projects that have a long term impact on our local communities. We focus on developing the spaces that build communities, revitalize neighborhoods, and are environmentally friendly.

Our Developments

From site selection and planning phases to contruction and grand openings, our team is hands on every step of the way. We are committed to making a lasting impact in many Pittsburgh communities. 
In Progress

Pittsburgh Athletic Association

4215 Fifth Avenue, Pittsburgh, PA 15213

130,000 SQ. FT.

The Pittsburgh Athletic Association was a prominent social and athletic club that has been an important part of the Oakland neighborhood since 1911. The building has hosted major events, accommodated prominent club members (including Mr. Rogers), and has been featured in several major motion pictures. The building boasts incredible Venetian architecture and an ideal location in central Oakland. Today a new chapter unfolds as the building is undergoing a comprehensive modernization and historic restoration. The building is set to include several floors of office space and the iconic lobby will be refreshed and reimagining progressive concepts of uses that re-establish the PAA's seminal place in the fabric of Oakland.

In Progress

Innovation Research Tower

3342 Fifth Ave, Pittsburgh, PA 15213

280,000 SQ. FT.

The Innovation Research Tower is set to become a 10-story, 280,000 gross square foot office, parking and retail building situated along Fifth Avenue. The building will include a two-story lobby with access to office floors from a centralized elevator. In addition to office space, amenities such as lounge areas and a fitness center will be included for use by our tenants. The building will also include a parking garage with an entrance and exit on Halket Street as well as 4,500 square feet of community retail space on the first floor along Fifth Avenue.

In Progress

Bakery Square

6425 Penn Avenue, Pittsburgh, PA 15206

1,200,000 SQ. FT.

Bakery Square is a vibrant mixed-use development located in Pittsburgh's East End, built out of the existing site of the historic Nabisco Baking Factory. The development provides a community space for neighbors, tenants, and everyone in Pittsburgh to enjoy and come together.

The campus is home to office tenants Google, Philips, UPMC, University of Pittsburgh, CMU Software Engineering Institute and retailers Anthropologie, Free People, West Elm, LA Fitness, Jimmy John's, Springhill Suites Marriott Hotel, Panera Bread, and Starbucks. The development is always growing and changing to adapt to the need for more office and community spaces. 

Completed in 2016

Bakery Living Blue & Orange

6480 & 6454 Living Place, Pittsburgh, PA 15206

309,000 SQ. FT.

Bakery Living consists of two 175-unit apartment buildings, Blue and Orange, that make up the Bakery Living community within the Bakery Square campus. The buildings house micro, studio, one and two bedroom units with plenty of floor plans to choose from. Beyond that, each building is full of amenities for residents to enjoy. Cozy lounge spaces and study nooks, fitness centers with state of the art equipment, an indoor/outdoor pool, and complimentary coffee, just to name a few. Bakery Living Orange is the older of the two, completed in 2014, followed by Bakery Living Blue two years later in 2016.

Completed in 2016

Bakery Village

Reizenstein Way, Pittsburgh, PA 15206

Bakery Village is an urban town house community developed by Walnut Capital and Laurel Communities consisting of 52 town houses within the Bakery Square campus. The town houses range in size from 2,400 to 3,000 square feet and feature three or four bedroom layouts. Each unit has a two-car garage, an outdoor deck off the kitchen and a patio at ground level. All town houses are equipped with several smart home features, enjoy large windows with tons of natural light and are tucked away off of Penn Avenue within the Shadyside neighborhood. The Home Owners Association is managed by Walnut Capital.

Completed in 1998

Cigar Factory

2740 Smallman Street, Pittsburgh, PA 15222

68,000 SQ.FT.

The Cigar Factory, located at 2740 Smallman Street, is an urban office development offering turn-of-the-century industrial architecture, transformed into luxury commercial office lofts featuring dramatic high ceilings, exposed and restored brick and timber construction, large windows and spectacular river and city views. The Cigar Factory is within walking distance to the bustling central business and shopping district in The Strip featuring local restaurants, grocers, bars and retail shops.

Completed in 2019

Craft Place

3250 Craft Place, Pittsburgh, PA 15222

41,000 SQ. FT.

Craft Place is a new redevelopment in Pittsburgh's Oakland neighborhood at the intersection of Craft Place and Boulevard of the Allies. A former Cadillac dealership, has been rehabbed into 41,000 square feet of office space with unique interior features and edgy design. The space also includes a 64-car parking garage.

Completed in 2017

The Foundry at 41st

4107 Willow Street, Pittsburgh, PA 15201

203,000 SQ. FT.

The Foundry at 41st is a 182-unit apartment complex developed by Fort Willow Developers and Walnut Capital. The resort-style community features studios, one and two bedroom units, each with different features and sweeping views of the river and bridges. Residents enjoy a variety of amenities, including a rooftop terrace, beautifully landscaped courtyard, state-of-the-art fitness center, heated pool, café & lounge, outdoor areas and much more. The Foundry at 41st sits adjacent to Bay 41, a reclaimed industrial steel frame that is now a public event space, as well as TechMill41, a 73,500 square foot office space development.

Completed in 2015

Hot Metal Flats

2915 Sidney Street, Pittsburgh, PA 15203

290,000 SQ. FT.

Hot Metal Flats is a 117-unit apartment community in the Southside Works neighborhood developed by Walnut Capital and Oxford Development. The community features studio, one and two bedroom units with spacious layouts and modern design. The complex also has a professional-grade fitness center, oversized gathering spaces, a heated terrace and more. Designed to LEED Gold standards, Hot Metal Flats support sustainable living with EV charging stations, car sharing, bicycle storage and a bike repair shop on-site inspire greener living.

Completed in 2007

The Metropolitan

537 N Neville Street, Pittsburgh, PA 15213

The Metropolitan is a low-rise condo-building in the heart of Shadyside that houses 42 for sale residential units, mostly two and three bedroom layouts.

Completed in 2016

Walnut on Highland & The Penn

121 South Highland Avenue, Pittsburgh, PA 15206

206,177 SQ. FT.

Walnut on Highland and The Penn were two separate development projects that make up a single apartment community with multiple buildings. In 2012, Walnut Capital bought the neglected 13-story historic Highland building in East Liberty and rehabilitated the treasure into 116 apartment units with historic preservation measures in place. In 2016, phase two was complete when The Penn, a new six-story building wrapping the corner of Penn and S Highland Avenue, welcomed residents to 78 apartment units on upper floors and restaurant and retail tenants in the ground-level spaces.

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