Massaro Properties’ President Wins Two Awards at the Western Pennsylvania Chapter SIOR Awards Luncheon

August 16, 2016

 

Pittsburgh, PA — Massaro Properties, LLC announced that president and broker of record, David Massaro, was honored by the Society of Industrial and Office Realtors (SIOR) during its Western Pennsylvania Chapter annual awards luncheon at the Fairmont Hotel in downtown Pittsburgh. Several awards were presented for the region’s top deals of 2015, and Massaro was a co-recipient of those for the Most Creative Deal of the Year and Land Sale of the Year, both for the former Allegheny County Health Department site at 3333 Forbes Ave. in Oakland.
In 2009, the team of Massaro Properties, Langholz Wilson Ellis and TKA Architects was selected by Allegheny County to develop the Allegheny County Health Department site. In 2014, David Massaro of Massaro Properties and Gary Wilson of Hanna Langholz Wilson Ellis closed on the purchase of the Health Department building and its 65,132 s/f land parcel. The partners then purchased two adjacent homes, which consisted of 15,547 s/f of land. Once all acquisitions were completed, the Health Department facility and two residential buildings were demolished to clear the way for the development project.  
Massaro and Wilson completed their plan in 2015, resulting in $125,000,000 of new development including the 144-key Marriott Residence Inn that Massaro Corporation began building earlier this year. RISE (formerly known as Ambling University Development Group) purchased the remaining portion of land, on which Massaro Corporation is constructing SkyVue Apartments. This upscale apartment complex includes a 14-story, mixed-use building with a 356-stall parking garage, 10,646 s/f of first floor retail space fronting Forbes and Fifth Aves., and 21,000 s/f of outdoor amenity space with grilling stations, fire pits and gardens for relaxation.

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