Pittsburgh Post-Gazette: “Downtown to Get New High-Rise Apartment Building”

Downtown Pittsburgh to Soar with New High-Rise Apartment BuildingDowntown Pittsburgh to Soar with New High-Rise Apartment Building Source: Pittsburgh Post-Gazette Pittsburgh’s skyline is set to gain a striking new addition with the construction of a towering apartment building in the heart of Downtown. According to the Pittsburgh Post-Gazette, developers have secured approval for a 30-story high-rise apartment building at the corner of Fifth Avenue and Market Street. The luxury building will offer stunning views of the city’s rivers, bridges, and vibrant urban landscape. The project, known as “The Paramount,” will feature modern amenities such as a fitness center, pool, and rooftop terrace. The 280 units will include a mix of one-, two-, and three-bedroom apartments, ranging in size from 700 to 1,500 square feet. Rents are expected to start at around $1,700 per month for one-bedrooms and reach up to $5,000 for three-bedrooms. The building is targeted at young professionals, empty nesters, and other residents seeking a sophisticated urban lifestyle. “We are excited to bring this iconic high-rise to Downtown Pittsburgh,” said the project’s developer, Robert Nutting. “The Paramount will offer residents unparalleled views, luxury amenities, and a prime location in the city’s vibrant cultural and commercial center.” The building’s design incorporates energy-efficient features and is intended to achieve LEED certification for sustainability. Construction is expected to begin in early 2023, with completion anticipated in late 2025. The Paramount will join a growing number of high-rise apartment buildings in Downtown Pittsburgh, signaling a resurgence of interest in urban living. The city’s central business district is experiencing a renaissance with the development of new restaurants, shops, and entertainment venues, attracting a growing population of residents seeking a vibrant and convenient lifestyle.