Lot 17 Bloomfield Pittsburgh: The Hottest New Property In Town?

Located in the heart of Pittsburgh's Bloomfield neighborhood, Lot 17 is a highly sought-after property that has been generating buzz among real estate enthusiasts and investors alike. This 0.5-acre lot has been making headlines due to its prime location, stunning views, and vast potential for development. In this article, we'll delve into the details of Lot 17 Bloomfield Pittsburgh, exploring its history, amenities, and what makes it the hottest new property in town.

Pittsburgh, Pennsylvania, has undergone significant transformations in recent years, with many neighborhoods experiencing revitalization and growth. Bloomfield, in particular, has become a hotspot for young professionals, families, and entrepreneurs, thanks to its eclectic mix of Victorian brownstones, trendy bars, and cultural attractions. With Lot 17 at its center, this once-thriving neighborhood is poised to become an even more desirable place to live, work, and play.

As a prime location in the heart of Bloomfield, Lot 17 offers residents and businesses unparalleled access to amenities, transportation, and services. Proximity to downtown Pittsburgh, the city's major hospitals, and several top-ranked universities makes it an attractive option for those seeking a unique blend of urban living and academic and medical opportunities.

History of the Property

Before its recent development, Lot 17 was a neglected eyesore, dominating the neighborhood's landscape with its blank canvas. However, in 2020, a group of local investors and developers purchased the property, outlining plans to transform it into a vibrant hub of activity.

The property's history is a fascinating tale of neglect, renewal, and reinvention. For decades, the site was left to decay, with many viewing it as a blight on the community. However, with the recent investment, the site has been cleared, and excavation began on the property, clearing the way for a major redevelopment project.

Amenities and Features

Lot 17 Bloomfield Pittsburgh boasts a wide range of amenities and features that cater to diverse interests and needs. These include:

• Access to downtown Pittsburgh: The property is situated within walking distance of downtown, offering easy access to major attractions, entertainment options, and employment opportunities.
• Public transportation: The lot is serviced by several public transportation options, including buses, trains, and bike-share programs, ensuring residents and visitors can easily navigate the city.
• Bloomfield neighborhood amenities: The property is surrounded by trendy bars, restaurants, shops, and cultural attractions, providing residents with a diverse range of entertainment and leisure options.
• Parks and green spaces: Nearby parks and green spaces offer residents and visitors the chance to escape the hustle and bustle of city life and connect with nature.

Development Plans and Timeline

The redevelopment of Lot 17 Bloomfield Pittsburgh is currently underway, with plans for a mixed-use development that will feature a range of residential, commercial, and retail spaces.

Development Timeline:

• Phase 1 (2022-2023): Clearing and excavation of the property, followed by the installation of infrastructure and utilities.
• Phase 2 (2023-2024): Construction of residential units, commercial spaces, and retail areas.
• Phase 3 (2024-2025): Completion of landscaping, public spaces, and finishing touches.

Target Market and Demographics

The target market for Lot 17 Bloomfield Pittsburgh includes a diverse range of individuals and families, including:

• Young professionals: Individuals aged 25-45 seeking urban living, close proximity to downtown, and access to cultural attractions.
• Families: Families with children aged 5-18 seeking a safe, supportive community with access to local schools and amenities.
• Entrepreneurs: Small business owners and startup founders seeking affordable, flexible office space and access to networking opportunities.

Benefits of the Property

The redevelopment of Lot 17 Bloomfield Pittsburgh offers numerous benefits to residents, businesses, and the community as a whole. These include:

• Urban revitalization: The property's redevelopment will contribute to the revitalization of the Bloomfield neighborhood, enhancing the area's aesthetic appeal and property values.
• Job creation: The mixed-use development will create new job opportunities in construction, hospitality, and retail, contributing to the local economy.
• Affordable housing: The development will offer a range of affordable housing options, addressing the city's pressing need for affordable housing.

Future Developments and Expansion

As the redevelopment of Lot 17 Bloomfield Pittsburgh progresses, the city of Pittsburgh is poised to reap the benefits of this major project. With ongoing developments and expansions planned for the property, the future of this once-neglected lot looks bright.

Upcoming Developments:

• Phased construction: The redevelopment will be completed in phases, ensuring that residents and businesses can move in gradually and enjoy the benefits of the new development.
• Infrastructure improvements: The city will invest in infrastructure improvements, including public transportation options, parks, and green spaces, enhancing the overall quality of life in the neighborhood.
• Community engagement: The developers will engage with the community throughout the redevelopment process, ensuring that the needs and concerns of residents are heard and addressed.

The redevelopment of Lot 17 Bloomfield Pittsburgh represents a significant investment in the city's future, offering residents, businesses, and the community a unique opportunity to experience urban living at its best.