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East End’s Bakery Square 2.0 complex adds townhouses

Tom Fontaine
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Keith Hodan | Trib Total Media
Across Penn Avenue from Bakery Square, construction continues on the newest office building in the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will house Google's newest office space.
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Keith Hodan | Trib Total Media
Workers lay concrete during early construction on the second residential building at the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will be feature apartments, similar to the first residential building already completed.
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Keith Hodan | Trib Total Media
With the Google flag flying in the breeze on the roof of the Bakery Square complex, workers continue construction across Penn Avenue on the newest office building in the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The new building will house Google's newest office space.
PTRBAKERY08060515
Keith Hodan | Trib Total Media
Greg Perelman, CEO of Walnut Capital, answers questions from the media on the roof of the newest office building in the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will house Google's newest office space.
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Keith Hodan | Trib Total Media
Workers continue construction on an office building in the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will house Google's newest offices.
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Keith Hodan | Trib Total Media
The first residential building in the Bakery Square 2.0 complex in Shadyside is at 100% capacity, Thursday, June 4, 2015.
PTRBAKERY01060515
Keith Hodan | Trib Total Media
Workers lay concrete during early construction on the second residential building at the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will be feature apartments, similar to the first residential building already completed.
PTRBAKERY07060515
Keith Hodan | Trib Total Media
Greg Perelman, CEO of Walnut Capital, answers questions from the media on the roof of the newest office building in the Bakery Square 2.0 complex in Shadyside, Thursday, June 4, 2015. The building will house Google's newest office space.

Construction of 52 luxury townhouses is expected to start this summer in the East End’s Bakery Square 2.0 complex, bringing the first for-sale housing to an area where apartment, office, retail and tech development has blossomed.

“It’s another piece of the puzzle,” said Gregg Perelman, CEO of Walnut Capital Partners, developers of the growing Bakery Square complex along Penn Avenue in Larimer and Shadyside.

Perelman said the townhouse development will be called Bakery Village. Prices will start in the “mid-to-high $400,000 range,” Perelman said.

“It’s the right price point for this market,” Perelman said.

Walnut Capital is constructing two other buildings in the area. Dozens of contractors worked on the sites Thursday.

One of the buildings is a sprawling, six-story office tower along Penn. Tenants of the $50 million building will include Internet search giant Google Inc. and O’Hara-based software maker Autodesk Inc. Both are expanding local operations.

The new office building will be connected to an existing one across Penn by a pedestrian bridge four stories above the busy street. Bridge work will begin in mid-July, Perelman said. The building is scheduled to open in November.

A 176-unit apartment building called Bakery Blue will be set back from Penn, next to a 176-unit, five-story apartment building known as Bakery Orange that opened a year ago and is full. About 30 people have inquired about moving into the building under construction, scheduled to open in spring.

Perelman says it will be a “shared community.” For example, residents of Bakery Blue will be able to use the pool and other amenities in Bakery Orange, while Bakery Orange residents will be able to use the two-story fitness center in Bakery Blue.

About 80 percent of the residents of the existing apartment building are in their 20s and 30s, and most are new to the area, Perelman said. Monthly rents range from $1,200 to $3,500.

Tom Fontaine is a staff writer for Trib Total Media.

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