Franjo Starts New Project in the Strip District
The currently vacant building at 2330 Penn Ave in Pittsburgh will soon be under construction, with Franjo Construction as the contractor.
The Penn 23 project all began in 2016 with a purchase by Francois Bitz, a real estate developer and former technology entrepreneur. He purchased the building at 2330 Penn Avenue, as well as the neighboring lot, with goals of building a luxury residential space in the up-and-coming Strip District. Bitz has partnered with Keller Williams Realty as well as New City marketing. Franjo Construction is the contractor, and Indovina Associates Architects is the architectural design firm for this project.
As with any multi-family construction project, approval processes can take months or years to come to fruition. In the case of this project, development applications have been in the city of Pittsburgh’s system for just about three years. The project managers are expecting approval from the City Planning Commission onthe demolition permit any day now. Once that approval is official, demolition and construction can begin.
The construction is anticipated to last about 12-14 months. If demolition begins this fall, the building can be expected to open in late 2020.
Some quick specs on the project include:
- 8 story development
- 21 condos (one- and two-bedroom)
- Costs ranging from $408,000 to $1.4 million
- 8 units have already sold
- Floor plans range anywhere from 920 – 2,589 square feet
In addition to being in close-proximity to Downtown, and various cultural elements the Strip District location offers to local neighborhood residents, the building itself will also offer a variety of amenities. Distinctive building features will include: decks and terraces with unique views of the city skyline, a fitness center, indoor parking spaces, as well as storage for bicycles.
Franjo is proud to be the contractor on this project. Our team is eager to get started, and see this high-end condominium complex come to life. Stay tuned for updates on demolition, construction progress, and more!
Photos courtesy of Indovina Associates Architects.