Blog

Shadyside-based Walnut Capital and Pittsburgh's Urban Redevelopment Authority purchased the property for $5.4 million from RIDC and announced plans in 2007 for transforming the old main factory building into offices and retail space with a new parking garage and hotel constructed nearby. Read more

The first Greater Pittsburgh Festival of Books is still in the planning stages but has attracted five sponsors, a key step toward the organizers' goal of keeping the event free. Read more

Without a doubt, Pittsburgh can absolutely be the place for all things technology, robotics and artificial intelligence. - Dick Zhang, founder of Identified Technologies Read more

After closing in April 2017, the Pittsburgh Athletic Association building, now owned by Walnut Capital, is planned to reopen for occupancy in Spring 2021. Read more

Taco lovers can soon get their fix at a new East End location in Bakery Square Read more

Inside the Pittsburgh Athletic Association, Mister Rogers swam laps to stay fit. From the water, he could see its elegant terracotta balcony, its double barrel-vaulted ceiling and the Guastavino arches that supported it... Read more

The Pittsburgh Planning Commission has endorsed a measure that would end the off-street parking requirement for new townhouses and row houses, a move designed to curb the proliferation of attached garages and driveways that some view as neighborhood killers... Read more

The commercial "refresh" at Bakery Square is to become the new location of a food hall by Galley Group, which will move into the new buildout next winter. Read more

Hundreds of people gathered for a protest and sit-in in Pittsburgh's Bakery Square on Saturday afternoon. A moment of silence was held for nearly nine minutes during the sit-in. The protest is one of several happening in the Pittsburgh area on Saturday in response to the death of George Floyd. Read more

Walnut Capital has made another big acquisition on Penn Avenue in the East End, adding to its collection of holdings near its cutting-edge Bakery Square development... Read more

Walnut Capital is ready to get rolling on a 10-story office tower in Oakland designed to be a cornerstone of Pittsburgh's nascent innovation district. Read more

UPMC Magee-Womens Hospital will occupy a Cadillac and Yugo dealership near its Oakland campus rehabbed by Shadyside developer Walnut Capital. Walnut Capital confirmed that UPMC will be the sole tenant of the 41,000-square-foot building it spent $8 million converting into office space... Read more

On Sundays, Bakery Living Blue offers its tenants free waffles, bagels and coffee in the common room. Every other day of the week, residents can burn off those carbs in a two-story, state-of-the-art fitness center. Those are just two of the reasons that doctors Alex Skidmore & Alli Foroobar enjoy... Read more

The boom in apartment buildings in Pittsburgh could spell trouble for landlords of older stock as they try to hold on to renters who find the shiny new units and the amenities that come with them hard to resist... Read more

In this week's Personalities of Pittsburgh, we spoke with Alex Simakas, who is redeveloping five acres in Lawrenceville and recently completed the Foundry at 41st Street apartment complex. He talks about his hopes for the project and the importance of working with a great team... Read more

Developer Walnut Capital is proposing to convert the dilapidated two-story building at 3224 Boulevard of the Allies into 41,000 square feet of office space, use in much demand in Oakland, where rents are high and vacancies nearly nonexistent. Read more

South Side Residential Projects Achieves LEED Gold Certification Read more

Walnut Capital has agreed to save two historic Penn Avenue facades as part of its plans for a new 78-unit apartment project in East Liberty. The Shadyside developer will incorporate the terra-cotta storefronts into the design of the new $14 million, six-story building on Penn. Read more

Development team to go forward with 117-apartment building at SouthSide Works without Lincoln Property Co. as a partner. Read more