Preliminary data on permits for new construction of apartments in 2018 from the Pittsburgh Homebuilding Report reveals a big drop. Some 50% fewer apartments were started in 2018, with permits for 1,164 units vs. 2,368 in 2017. The decline appears to be a pause rather than a trend, as some 1,200+ units of new multi-family are about to start work or are being budgeted at the moment. TWG Development is budgeting its 280-unit South Side apartment project. Continental Building Co. is looking at the Waterfront apartments in Homestead. Elford Construction is budgeting a new complex in Cranberry Township at Brandt Road.
In construction news, New-Belle Construction started work on the new 100,000 square foot facility for Apex International in Alta Vista Business Park. The contractor is also working on a 38,000 square foot facility in Alta Vista for Nine Energy Services. Mistick Construction was selected for the $10-20 million renovations to the Fairfax Apartments and Webster Hall in Oakland. DiMarco Construction has started work on its new 29,000 square foot headquarters in Elizabeth, PA.
Great article, the new construction helps the local economy and awards local contractors the opportunity to have additional projects. Pittsburgh is starting to get the new looks it deserves as the awesome city it is. We are excited to see all the projects that being built during 2019 and are even more excited to have the opportunity to bid some roofing project in Pittsburgh.