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Summerset at Frick Park
Contact: Patti Jo Lambert, +1 724.561.4188, pattijopr@comcast.net
Summerset at Frick Park Transforms Former Steel Dump Site into Nationally-Acclaimed Residential Neighborhood Featuring Environmentally-Friendly Homes
Synopsis
Summerset at Frick Park is a new, urban neighborhood in the City of Pittsburgh built on a brownfield site where steel companies dumped more than 20 million tons of molten steel byproduct from 1920-1970. The new community is a $250 million public-private project that is converting a barren, 20-story mountain of slag into a premier neighborhood that will eventually be comprised of 700 new housing units over the course of 10 years. Land that previously generated zero tax dollars will generate approximately $5.7 million of annual property tax revenue when the project is complete.
Overview
Summerset at Frick Park is a new, urban neighborhood in the City of Pittsburgh built on a brownfield site where steel companies dumped more than 20 million tons of molten steel byproduct from 1920-1970. The new community is a $250 million public-private project that is converting a barren, 20-story mountain of slag into a premier neighborhood that will eventually be comprised of 700 new housing units over the course of 10 years. The economic impact of the community is noteworthy. Land that previously generated zero tax dollars is now providing $2.9 million in annual tax revenue plus an additional $3.6 million from a one-time transfer tax. When the project is completed, annual property tax revenue is anticipated to be $5.7 million.
The new traditional neighborhood is a mixed-use community enabling residents to choose from a wide range of housing options. Just as many new buildings in the City of Pittsburgh are environmentally friendly, new homes at Summerset feature many "green" residential construction elements. In fact, Summerset's homes are built to be at least 30 percent more energy efficient than typical new homes constructed in the area. In addition, a home at Summerset recently earned the distinction of being the first home in Western Pennsylvania to be certified a "Gold" home by the National Association of Home Builders (NAHB) Research Center as part of its National Green Building Program. It's just the sixth home to receive the designation statewide.
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