Wood Street Commons

Pittsburgh,
PA
(2014)

Wood Street Commons

Historic Rehabilitation

Wood Street Commons is a 16 floor building, with floors 1-6 designated for commercial office space and floors 7-16 providing housing for single men.

Investment

NMTC Amount: $6,402,000
Total Project Cost: $7,735,853

IMPACT

50 FTE jobs
60 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

Pittsburgh Urban Initiatives

Investor

US Bank

Project Description

Wood Street Commons is a 16 floors building, with floors 1-6 designated for commercial office space and floors 7-16 providing housing for single men. This is one of the remaining Single Room Occupancy buildings in the City of Pittsburgh. Action Housing, Inc. and Community Human Services (CHS) are the two lead organizations of the new development entity – Residences at Wood Street. The project enabled the Residences at Wood Street to complete a $10 million renovation of the commercial space and upgrade of the housing units above. The office space currently hosts City of Pittsburgh’s EARN Program and CareerLink Program, which benefit he building’s residents as well as the greater Pittsburgh community. With the commercial space occupied, the income stream from the leases helps the programming in the housing portion of the project as well as providing much needed services to the housing units clientele.

MAP

Address: 300 Wood Street, Pittsburgh, PA 15222

Census Tract: 42003020100

PDF Profile

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