Pittsburgh Office Building to Become 70 Apartments
The 933 Penn Avenue conversion project will add 70 residential units, including affordable options, by early 2028.
Updated on Oct. 16, 2026 in Commercial
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Developers plan to transform an eight-story office building at 933 Penn Avenue in downtown Pittsburgh into 70 apartments by early 2028. The project will include seven affordable housing units and a ground-floor restaurant.
Why it matters
The redevelopment aims to repurpose a 1920s structure in the Downtown Cultural District into residential space. This project is part of a broader downtown revitalization strategy supported by public financing, including a $2.5 million grant and a $1.6 million loan.
The development carries a total estimated project cost between $40 million and $50 million for 73,000 square feet of floor space. Public support includes a $2.5 million grant and a $1.6 million loan.
The players
Governor
The head of the state government who oversees regional economic development initiatives and infrastructure revitalization plans.
The details
The construction team will perform a complete interior gutting of the historic structure, which dates back to 1920. The exterior renovation involves replacing the current aluminum frontage with a new masonry facade to accommodate the conversion of the eight-story building. Its large open spaces and rectangular shape were key factors in selecting the site for residential use.
Timeline
1920: The original building was constructed.
2024: The Governor announced the downtown revitalization plan.
early 2028: The apartment project is scheduled for completion.
Money Landscape
This conversion project follows the pattern set by the Governor's 2024 downtown revitalization plan. It highlights a broader trend of repurposing aging office assets into residential properties within the downtown core.
The introduction of 70 new residential units in the Cultural District may influence future housing supply dynamics in the downtown area. Residents interested in new downtown living options should monitor project updates as the 2028 completion date approaches.
The takeaway
This project represents a significant shift for the downtown Pittsburgh office market toward residential occupancy. Interested households should watch for future leasing information as construction progresses toward the early 2028 target.
Further reading
For more on local development trends, visit the Pittsburgh Commercial section.
Source note: This article includes information reported by TribLIVE.
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