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THE MONTROSE EXCHANGE PROJECT is named for the old local telephone exchange in this area of East Liberty. The name celebrates East Liberty’s historic importance at the heart of the East End as well as the neighborhood’s twenty-first century rebirth.


East Liberty was once a center for commerce, communication and transportation, rivaling Downtown Pittsburgh in its vitality. The first streetcar lines in the region connected East Liberty to Downtown and elsewhere, the neighborhood’s railroad station was a major stop on the main line of the Pennsylvania Railroad, and the second telephone exchange in the nation was installed here. The neighborhood was a classic small town within the city of Pittsburgh with a tight street grid, human-scale buildings and hundreds of street trees. Our project area was once the site of a residential neighborhood, several churches, a large firehouse and small commercial buildings. The American Legion building is on the site of the old Rittenhouse Hotel, a grand Renaissance Revival building constructed during the first decade of the twentieth century during East Liberty’s heyday. The Rittenhouse was torn down by 1960 as part of the now-infamous Urban Renewal efforts undertaken in East Liberty.

1960s urban renewal, an effort to reverse the trend of urban decline in the face of rapid suburbanization, wiped out over 1 million square feet of commercial and residential space, replacing it with a ring road, high-rise public housing and parking lots. Within twenty years it was generally agreed that those efforts had failed. Since 1996, however, there has been a strong grass-roots effort to revive the neighborhood. The rapid private development of the last three years has shown that the market is ready to follow.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

            

Jason Cannon
Vice President
T: 412.394.9805
jason.cannon@cbre.com

 


Developer:
2414 Morgan, LLC
Washington, DC

 
© 2008 CB Richard Ellis | Last Modified:Friday, August 24, 2007
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