Funding

Funding Needed
$30.5 (Mio)
EB5 Funding
$30.5 (Mio)
EB-5 Investors
61
Investment Amount
$500,000

Jobs

Job Creation per Investor
12.1
Job Creation (Total)
736
Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Nonresidential Buildings (except Miniwarehouses)

Location

State
Pennsylvania
Location
6425 Penn Avenue, Pittsburgh, PA 15206

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BAKERY SQUARE


Project Description

Bakery Square offers tenants an exciting lifestyle center environment in an affluent and densely populated location, with a new urban aesthetic that integrates historic architecture with new construction.

Well-positioned to draw on the nearby, desirable and well-educated neighborhoods of the East end, Bakery Square is also close to the city’s major economic engines – the universities, medical centers, and burgeoning technology and biotechnology industries. More than 350,000 people reside within 5 miles of the site, and three of the region’s top employers are within 2 miles – UPMC Hospitals, the University of Pittsburgh and Carnegie Mellon University. (Read about the demographic report and customer base.)

The mixed-use development is across the street from Mellon Park on Penn Avenue, and less than a block from the major urban commuting arteries of Fifth Avenue and Washington Boulevard.

Nearby, innovative retailers such as Whole Foods and Home Depot have established locations. Within the neighborhood, Walnut Street and Ellsworth Avenue in Shadyside are home to high-end fashion, antique stores, designer boutiques and major national retailers such as Ann Taylor, Williams & Sonoma, Pottery Barn, The Gap, Talbot’s, Banana Republic, Coach and Sephora. Additionally, Trader Joe’s has opened a new store directly adjacent to Bakery Square.


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