Triangle Building redevelopment moves forward with historic tax credits secured

PITTSBURGH — The redevelopment of The Triangle Building aims to address an acute problem downtown — lack of housing in general and affordable housing in particular.

Use of the iconic shaped structure at 926 Liberty Ave. is being reimagined by local real estate developer Hullett Properties, whose other current projects are located in the Strip District.

It’s a project that has been ongoing, making recent progress despite facing pandemic-related delays and setbacks. Hullett Properties is looking to convert floors two through six of the Triangle Building into residential units, 15 units total, and the bottom floor will be used for commercial space.

The building is well-known for its triangular shape and is a historic structure in Pittsburgh. It is located near the Cultural District and was constructed in 1868. The redevelopment is being financed through several avenues, including up-front investment by Enhanced Capital Group. ECG also secured Historic Tax Credits for the project, meant to incentivize the rehabilitation and reuse of historic buildings, which will cover 20% of the project’s cost upon its completion.

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