Eastside V Target*

Pittsburgh, PA

Like many urban neighborhoods with a high concentration of public housing, the East Liberty neighborhood in the City of Pittsburgh, PA suffered from decades of disinvestment and inner city blight. By 2000, the Urban Redevelopment Authority and the Housing Authority of Pittsburgh recognized that a comprehensive approach to redevelopment was essential to bringing the area back to prosperity.

In addition to needing new housing, East Liberty was lacking jobs, connections to opportunities, and neighborhood services and retail. A comprehensive redevelopment plan was created that met the needs of the existing residents but also served as a vehicle to revitalize the community and build back connections to the surrounding neighborhood.

MBS Urban Initiatives’ $8.77 million New Markets Tax Credit investment in the Eastside has resulted in a mixed-use phase with Target as the anchor tenant, providing an affordable, full service grocery store in the low-income community. The Target, the first in Pittsburgh to have a full-fledged grocery store, is a multi-story mixed-use building with the second floor leased entirely to Target and ground level parking. Outward facing, with strong pedestrian connections, the department store is urban and people-oriented, not suburban and car-oriented and it will complement existing offerings with more affordable fresh food options.

Because of McCormack Baron Salazar’s strong partnerships with the City, URA, and CDCs in the neighborhood, the investment was able to bring jobs and services and to provide fresh, affordable food to the highly distressed low income community.  The project also achieved its ambitious goals for targeting disadvantaged businesses, achieving 23% MBE participation and 5% WBE participation during the construction phase.

This institution is an equal opportunity provider.


Quick Facts 

Project Goal: Create new community-serving retail and jobs in a revitalizing neighborhood

Total Development Costs: $47,509,339

Square Footage: 140,000 Square feet

Developer: The Mosites Co.

Tax Credit Investor: PNC

NMTC Qualified Low Income Community Investment: $8,774,995 ($46,615,638 Total NMTCs)

Other Key Project Financing: Urban Redevelopment Authority City of Pittsburgh (URA); M&T Bank; PNC; LISC; MBS Urban Initiatives CDE; In addition, state and federal financing, including tax-increment financing from Allegheny County funded site preparation.

Construction Jobs: 140 Full Time

Permanent Jobs: 247 Full-Time; 346 Part-Time

Investment Date: June 2010

Opening Date: July 2011