Edgewater Properties Breaks Ground

Edgewater Properties is announcing that today it began development of one of the region’s premier new neighborhoods located in Oakmont along the Allegheny River.  The former Edgewater Steel Plant site will be transformed into a new traditional neighborhood that will be comprised of for-sale single and multi-family homes, neighborhood retail and office space.  As a part of its commitment to the community, Edgewater will be providing athletic fields as well as building a park and walking trail along the banks of the Allegheny River that will be returned to public ownership and deeded to Oakmont.

A joint venture of Kacin Companies of Murrysville and EQA Landmark Communities of Pittsburgh, the development will transform one of the region’s most storied brownfields into “Edgewater,” a premier community with parks, walkways, and tree-lined streets.

“Edgewater will be one of finest new neighborhoods in our region.  Today is the culmination of years of hard work by countless individuals and organizations.  In the truest sense, Edgewater is a private/public partnership.  The project would not be possible without the leadership and support of Governor Ed Rendell, State Representative Frank Dermody, Allegheny County Chief Executive Dan Onorato, U.S. Congressman Jason Altmire, The Regional Industrial Development Corporation and Oakmont Borough over years of planning, approval and financing,” said Richard Kacin, President of Kacin Companies, the Managing partner of Edgewater.

Edgewater is a Traditional Neighborhood Development (TND), a comprehensive planning approach that combines a variety of housing types and land uses, including public and private spaces.  Edgewater will include 240 for-sale homes and approximately 20,000 square feet of neighborhood retail and office spaces within the community.  The riverfront park will be dedicated as permanent public open space; baseball and soccer fields and a boulevard walkway will also serve the neighborhood.

“There will be something for everyone at Edgewater,” says Brett A. Malky, President of EQA Landmark Communities.  “We want to create Oakmont’s best new neighborhood.  The best thing that will be said of this new neighborhood when completed will be that it looks as if has been here for years.  The architecture of homes and buildings at Edgewater were developed where the architect’s intent is to capture the essence of existing Oakmont architecture whilst providing the latest energy efficient and technological advances in housing in our nation,” said Brett A. Malky, President of EQA Landmark Communities, a partner of Edgewater Properties.

Home construction will begin later this summer, with single-family and a mix of multi-family home options from the $200,000s to $700,000.  Construction will be overseen by the Kacin Companies who will also be building the single family homes in the project.  Heartland Homes will be building the townhomes in the new community.

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