PITTSBURGH, PA (March 19, 2019) Lease terms are nearly final for a new start-up incubator in a city-owned building at 1555 Broadway Avenue in Beechview, which will complete the full occupancy of the building and bring more private investment to the neighborhood.
The final lease with the Pittsburgh Hispanic Development Corp., which is managing the incubator, was introduced by Mayor William Peduto’s administration to Pittsburgh City Council this morning.
The new tenant follows the Beechview Senior Center and the Muddy Cup coffee house as tenants in the building, and builds on the positive momentum happening in the neighborhood.
“I commend the PHDC for their commitment in helping revitalize the business district in Beechview. The addition of the incubator will enhance the existing Senior Center, provide opportunities for businesses to grow and continue allowing more and more people the chance to experience this community on the rise,” said Senator Wayne Fontana.
"I am excited for the next stage of development in Beechview where we will welcome a wonderful community partner in PHDC,” said City Councilman Anthony Coghill. “With the cooperation of our law department, the Mayor's office, Senator Fontana, PHDC, and my office, we are now able to bring new jobs and opportunities into our neighborhood. I look forward to the business district thriving and growing as we bring more businesses and non-profits to Broadway Avenue."
The 29-year lease sets out maintenance and operating responsibilities for the PHDC at the leased space, and shared responsibilities for the rest of the building.