Bridgeway Capital gets $1M for Homewood development

MORE THAN METAPHOR—Bridgeway Capital will use a $1million to employ community contractors to not only revitalize the 150,000-sq.-ft. Susquehanna Street building, but also the Homewood neighborhood. (Photo courtesy of Sen. Jay Costa.)
MORE THAN METAPHOR—Bridgeway Capital will use a $1million to employ community contractors to not only revitalize the 150,000-sq.-ft. Susquehanna Street building, but also the Homewood neighborhood. (Photo courtesy of Sen. Jay Costa.)

It may not be occurring with the fanfare and pace of development in East Liberty, but with new for-sale, rental and senior housing being constructed, its neighborhood “cluster” development plan complete, and development dollars beginning to flow, Homewood is slowly rising from the ashes of neglect.
One of the agents of this phoenix-like revitalization is Bridgeway Capital, which has not only invested in brick-and-mortar projects throughout Pittsburgh’s Black communities, but also in the residents—hiring Black owned firms to do as much of the work as is possible.
Last week it announced it would do even more of that in Homewood—$1 million more—as it continues the custom build out of the massive former Westinghouse building at 7800 Susquehanna Street, thanks to a state Redevelopment Assistance Capital Program grant.
Bridgeway President and CEO Mark Peterson thanked state Sen. Jay Costa, D-Forest Hills, and state Rep. Ed Gainey, D-East Liberty, for their assistance and support in obtaining the grant.
“The 7800 Susquehanna Street (project) has created new jobs and economic opportunity for Homewood.  This new $1 million grant allows us to expand and build out custom spaces for more small manufacturers and job training organizations,” he said. “We greatly appreciate the RACP program and Sen. Costa’s and Rep. Gainey’s support in bringing much needed new investment to Homewood.”

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