Pittsburgh real estate update (Liberty, Oakland: renting, houses, neighborhood)

[h_curtis]

Originally Posted by BUILD PENN SQUARE

i like the idea - that village of eastside is awful

there's only one problem - the stock market is going crash like it's 1929 and plunge the country into a new great depression

LOL, sell all your mutual funds, stock up on gold bars and bags of pasta, get in your bunker and hunker down for the next 20 years!!!

[BUILD PENN SQUARE]

new development off to a good start

Man caught on camera vandalizing new development in East Liberty

https://www.wpxi.com/news/local/man-...PLSWMIQJPHSFU/

"The video shows him dressed in all black. His hood is up over his head and a mask is covering most of his face. He’s then seen pulling out a can of paint and spraying a wave along one side of the building. He also used his fist to shatter a window. On the other side along Penn Avenue, he wrote: “The ghost of Penn Plaza says *expletive Bezos,” referencing Whole Foods, which is now owned by Amazon."

[Tony_Soprano]

Originally Posted by BUILD PENN SQUARE

new development off to a good start

Man caught on camera vandalizing new development in East Liberty

https://www.wpxi.com/news/local/man-...PLSWMIQJPHSFU/

"The video shows him dressed in all black. His hood is up over his head and a mask is covering most of his face. He’s then seen pulling out a can of paint and spraying a wave along one side of the building. He also used his fist to shatter a window. On the other side along Penn Avenue, he wrote: “The ghost of Penn Plaza says *expletive Bezos,” referencing Whole Foods, which is now owned by Amazon."

Makes me think that individual is a hipster who is angry about gentrification. The same gentrification that is usually done by hipsters, who simultaneously complain about evils of such an event. Funny thing is, if he walked into a Whole Foods, he could have a conversation about how bad gentrification with the other masked shoppers.

[BUILD PENN SQUARE]

Originally Posted by Tony_Soprano

Makes me think that individual is a hipster who is angry about gentrification. The same gentrification that is usually done by hipsters, who simultaneously complain about evils of such an event. Funny thing is, if he walked into a Whole Foods, he could have a conversation about how bad gentrification with the other masked shoppers.

more than likely, since the demolished buildings were home for many years to low-income, elderly people who were given 90-day eviction notices and eventually forced to leave, the individual is a younger relative who was attempting to enact some sort of revenge

[wpipkins2]

Originally Posted by BUILD PENN SQUARE

more than likely, since the demolished buildings were home for many years to low-income, elderly people who were given 90-day eviction notices and eventually forced to leave, the individual is a younger relative who was attempting to enact some sort of revenge

I doubt that scenario. The extremely poor lived there and most were elderly and or handicapped. Poor people are busy being poor. The former residents were scattered outside of the city. In addition the displacement was years ago. This has hipster written all over it.

[BUILD PENN SQUARE]

Originally Posted by wpipkins2

I doubt that scenario. The extremely poor lived there and most were elderly and or handicapped. Poor people are busy being poor. The former residents were scattered outside of the city. In addition the displacement was years ago. This has hipster written all over it.

either way it's not surprising - that building is a crime on multiple levels

[wpipkins2]

Originally Posted by BUILD PENN SQUARE

either way it's not surprising - that building is a crime on multiple levels

It’s not a crime and the new Whole Foods will do good for the neighborhood. I expect that area to thrive going forward.

[BUILD PENN SQUARE]

Originally Posted by wpipkins2

It’s not a crime and the new Whole Foods will do good for the neighborhood. I expect that area to thrive going forward.

let's make a bet - i'll bet you that in one year this space across the street will still be vacant

https://goo.gl/maps/NLKiBw8F1LfKe1LQ8

[wpipkins2]

Originally Posted by BUILD PENN SQUARE

let's make a bet - i'll bet you that in one year this space across the street will still be vacant

https://goo.gl/maps/NLKiBw8F1LfKe1LQ8

I’m not a gambler. That retail space sits beneath subsidized apartments. I would expect a daycare or social services agency to utilize that space eventually. Whole Foods will bring a lot of people to that area which was dark and “scary” at night. It was a dead space within the neighborhood. East Liberty will continue to improve.

[BUILD PENN SQUARE]

Originally Posted by wpipkins2

I’m not a gambler. That retail space sits beneath subsidized apartments. I would expect a daycare or social services agency to utilize that space eventually. Whole Foods will bring a lot of people to that area which was dark and “scary” at night. It was a dead space within the neighborhood. East Liberty will continue to improve.

i am, and that retail space will be vacant one year from now

my forecast would be different if the building was designed like the target with an inviting corner entrance that activates the intersection, but that's not how they played it

the whole setup of a grocery store on a main street next to a coffee shop and a bank and a liquor store and pharmacy, etc. does not exist there like it does on centre now

most of the whole foods traffic will be people driving their cars into the parking garage and leaving by 7pm to get home for dinner

that particular part of east liberty is dead now and will be dead a year from now