On Thursday, real estate developers announced that they have started construction on a new $20 million home at the western end of the city, where they plan to build a $200 million, luxury condominium.
The project is expected to be completed by the end of 2019.
The project is part of the $40 billion West Virginia Renaissance Growth Initiative, which also includes the construction of two $25 million apartment complexes.
It also includes plans for a $5.6 billion Westinghouse nuclear power plant in Westingford, and the development of an $8 billion “new” apartment complex, which would be built in the former T-Mobile site at the intersection of Route 19 and Route 15.
It will be the first time that a developer has announced a construction project at the eastern end of West Virginia, which is the same site where the city’s largest city, Pittsburgh, has begun construction on an ambitious new $1.4 billion downtown hotel.
The developers, Westingtown Development LLC and the Pennsylvania Development Company, also announced a new mixed-use complex for the city of Pittsburgh, a development dubbed “The PPG” that will include an 8-story tower with retail, office and residential units.
PPG was approved for $8.2 billion in federal loans in July, and was to begin construction on its second tower in 2017.
While WestingTown is building the new project, the developer will also begin the construction and completion of the planned $10 billion mixed-income development.
The developer, who did not want to be identified, said that the first phase of construction was completed on Thursday.
“We have completed a major portion of the project, including the final design phase and the preliminary design,” the company said in a statement.
“Construction of the first tower and associated projects is expected for the summer of 2019.”