Developer negotiating to build apartments, parking garage near Dormont light rail stop

Share with others:

Print Email Read Later

A developer is expected to begin negotiations with Port Authority next month for a $39.8 million, five-story apartment building and parking garage at the park-n-ride lot adjacent to the Dormont Junction Light Rail Transit station.

An authority committee today approved a one-year exclusive negotiating period with Fore Property Co., a national real estate developer based in Washington, D.C., and Las Vegas, Nev., on a lease agreement for the site, part of which is owned by Dormont Borough. The project would include an estimated $10 million in public funding, to be used toward construction of a 500-space garage.

Part of that would be tax-increment financing, in which future tax revenues from the project are pledged to underwrite borrowing to pay for construction.

Officials stressed that the process is complicated, with approvals needed from the Federal Transit Administration, the borough, the school district and Allegheny County. Once negotiations have concluded and approvals are in place, a process that could take more than a year, the developer expects to take about a year to build the complex.

The apartment building would have 240 units. The three-story garage would have spaces for park-n-ride patrons, tenants and customers of nearby businesses.

Jon Schmitz: or 412-263-1868. Visit the PG's transportation blog, The Roundabout, at Twitter: @pgtraffic.

Join the conversation:

Commenting policy | How to report abuse
To report inappropriate comments, abuse and/or repeat offenders, please send an email to and include a link to the article and a copy of the comment. Your report will be reviewed in a timely manner. Thank you.
Commenting policy | How to report abuse


Create a free PG account.
Already have an account?