Unique, Multi-Modal, Class A Mixed-Use Residential Community Brings Vibrancy to CBD
High Street Residential, and Northwestern Mutual announce that construction has commenced on Glasshouse, a 5-story, Class A residential mixed-use building featuring 319 apartments — including studio, one-, one+den and two-bedroom units ranging in size from 665-to-1,200 square feet — with ground floor restaurant retail space and 335 indoor parking spaces. Glasshouse is located on the site of Pittsburgh’s historic and prolific glassmaking factories and is uniquely positioned on the bank of the Monongahela River, overlooking Pittsburgh’s “Golden Triangle” Central Business District. The project will be ready for occupancy in summer 2019.
“Glasshouse will set the standard for luxury residential development in the downtown area,” said Chris Sencindiver, Principal with High Street Residential’s Northeast Metro Business Unit. “In addition to a clean, eclectic style with world-class amenities, this unique location is within walking distance of the CBD and various modes of transportation, including the Station Square light rail station. It is going to be a very desirable place to live, work and play, and we are pleased to be partnering with Northwestern Mutual to truly transform this site and help to establish a new neighborhood for Pittsburgh.”
Indoor project amenities include a resort-style club room, game room, e-lounge, entertainment kitchen, fitness center, yoga room, as well as a conference center, all overlooking three large outdoor courtyards. Residents will have access to the meticulously landscaped courtyards, a pool, multiple outdoor kitchens, open seating, a large communal turf area for movies and recreation, with incredible views of the historic Smithfield Street Bridge and downtown Pittsburgh. Outside, the project is situated adjacent to the beginning of the Great Allegheny Passage, a walking/running/biking trail system that, with the C&O Canal, forms a continuous link between Pittsburgh and Washington D.C. There will also be a dog wash, bike shop/storage and a new sculpture park area with outdoor restaurant seating. The project will incorporate many sustainable building features and will be National Green Building Standard (NGBS) Certified.
“Northwestern Mutual sees the strength of the Pittsburgh market and is excited to be involved in what we consider to be the premier apartment community in the city. We’re proud to partner with High Street Residential on this unique and exciting project with spectacular views of the city skyline,” said Tom Zale, Vice President of Real Estate with Northwestern Mutual.
Glasshouse is directly adjacent to the Station Square mixed-use development, a nationally recognized $100 million historic conversion of railroad warehouses, passenger terminals and office buildings into a mixed-use complex comprised of office, retail and entertainment options. Residents will have easy pedestrian access to restaurants, hotel and office space at Station Square as well as the new Highmark Stadium, home of the Pittsburgh Riverhounds professional soccer team.
The project offers excellent access to major interstate highways, including I-279 North, I-376 East and West, as well as waterway access by ferries and personal boats, which dock at the foot of Station Square. Glasshouse has easy access into downtown (both vehicular and walking) via the Smithfield Street bridge located right at the project’s front door.
Rycon Construction is the general contractor. Hord Coplan Macht is the architect and landscape architect. Langan Engineering, Tower Engineering and Structura are providing civil, MEP and structural engineering services, respectively. RD Jones Associates is the interior designer and Steven Winter is providing accessibility and sustainability consulting services.
About Northwestern Mutual
Northwestern Mutualhas been helping families and businesses achieve financial security for 160 years. Through a distinctive, whole-picture planning approach including both insurance and investments, we empower people to be financially confident so they can live life differently. We combine the expertise of our financial professionals with a personalized digital experience to help our clients navigate their financial lives every day. With $250.4 billionin assets, $28.2 billionin revenues, and more than$1.6 trillionworth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.4 million people who rely on us for life, disability income and long-term care insurance, annuities, brokerage and advisory services, trust services, and discretionary portfolio management solutions. The company holds more than $100 billion of client assets as a part of its wealth management company and investment services. Northwestern Mutual ranks 97 on the 2017 FORTUNE 500 and is recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2017.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
Northwestern Mutual Real Estate is the real estate investment arm of Northwestern Mutual and one of the largest real estate investors in the nation, with investments in commercial mortgages and equity investments across all major property types, including apartments, office, retail and industrial. The $43+ billion real estate investment portfolio is composed of approximately 80 percent fixed income and 20 percent equity investments. Northwestern Mutual Real Estate is a financing source that provides experienced and knowledgeable people, quick and decisive action and flexible, creative solutions.
About High Street Residential
High Street Residential, a wholly-owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities.