State provides funding for development at former Nabisco plant
Pittsburgh Business Times - by Dan Reynolds
The state will provide $1 million toward the renovation of a former Nabisco bakery in East Liberty, assisting a plan by Shadyside-based Walnut Capital Partners to convert the site into a new mixed-use development.
The money will come from Pennsylvania's Growing Greener II initiative, a $625 million environmental remediation fund administered by the state's Department of Environmental Protection. DEP spokeswoman Helen Humphreys said the money from state will go toward the estimated $1.3 million cost of removing asbestos from the former Nabisco plant.
Walnut's Bakery Square at Eastside will house a 120-room hotel, nearly 130,000 square feet of retail space, a 38,810-square-foot fitness center, more than 150,000 square feet of office space and 38 residential units.
Plans announced last June by Anthony Dolan, a principal of Walnut Capital, call for groundbreaking by this fall.
dreynolds@bizjournals.com | (412) 208-3827
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