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Article: Community Builders buy two Penn Circle properties
- Article from:
- New Pittsburgh Courier
- Article date:
- December 1, 2001
- Author:
CopyrightCopyright New Pittsburgh Courier Dec 1, 2001. Provided by ProQuest LLC. (Hide copyright information)
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Community Builders buy two Penn Circle properties
After months of negotiations with federal and local housing agencies, one of the last impediments to revitalizing East Liberty is gone with the sale of two low-income high-rises from American Federal Properties to Community Builders Inc., Boston-based nonprofit developers.
Building residents, public officials and local development representatives celebrated during a news conference on Penn Avenue Nov. 28.
During the event, the contract transferring the East Mall and Penn Circle Apartments to Community Builders was signed.
Community Builders President and CEO Patrick Clancy said the deal marks the beginning of positive changes for East ...