Can an apartment complex have both a boutique hotel and “rustic industrial” vibe? Bakery Living is trying.
Located in Shadyside across from Bakery Square, the 175 apartments developed by Walnut Capital range from micro (510 square feet) to two-bedroom, two-bath units with 1,544 square feet. Rents range from $1,200 to $3,200 a month. All units have hardwood floors, and most have balconies or patios. Every unit's kitchen is the same size and features quartz countertops and mobile islands.
Although the apartments have been open for only a month, they are already 60 percent leased. Gregg Perelman, managing partner of Walnut Capital, expects all will be rented by Labor Day. Construction has already begun on Bakery Living 2.0.
“It's been an incredible response, and we're so excited about all the amenities,” he said.
Some of these amenities include a washer and dryer in each unit, 24-hour security and two bike rooms that can each hold 40 bikes. The complex is pet-friendly and has a dog washing station in the “inner lounge” -- a fully furnished lobby and common room with complimentary cookies, coffee and Wi-Fi. Also on the first floor is a gym that is open all the time and connects to Bluetooth and Netflix.
Sustainability is also a priority for the development. There will be water retention ponds, a rain garden, on-site bike trails and a new “green street” that is under construction.
“That's pretty brand new to Pittsburgh. It’ll be the first green street in Pittsburgh that's developed,” Mr. Perelman said.
The apartments have attracted young professionals who typically work in law or medicine and are new to the city.
In fact, many signed leases without having seen the apartments in person. Dan Siconolfi, 29, recently moved to the apartments from Baltimore. He's pursuing a doctorate in public health from Johns Hopkins University.
"I love the city. The first weekend here I fell in love with it. For me, the big piece is getting to know my neighbors and having a sense of community," he said. "The layout and physical space is conducive to meeting people."
Bakery Living offers communal brunches and media rooms in the inner lounge. The patio includes a sundeck, outdoor fireplace and indoor-outdoor swimming pool.
"It's this campus we've created here right in the middle of the city," Mr. Perelman said.
Anticipating residents connected with the area's colleges, the developer will have free shuttles from the apartments to Carnegie Mellon University and University of Pittsburgh in Oakland.
There will also be a bike-share program nearby and a 160-space underground parking lot that will offer spaces for $120 a month.
Mr. Perelman noted the apartments' prime location across from Bakery Square and close to restaurants and markets. "Whole Foods is a big, big draw for us."
Bakery Living 2.0, which is being built on an adjacent lot, will contain 175 more units plus office space for Google. Mr. Perelman anticipates opening it in 2016.
"The next building we'll improve on what we've done and make it even better," he said.
Bakery Living's office, 6480 Living Place, Shadyside (15206) is open from 8 a.m. to 7 p.m. daily. Viewings by appointment only: 412-661-0200 or bakeryliving.com.
Kate Mishkin: email@example.com or 412-263-1352