Historic Main St Revitalization

Pittsburgh

Zelienople is a picturesque community with a charming Main St business corridor situated in Butler County, 15 minutes north of Cranberry Township and 30 minutes north of Pittsburgh along I-79.

“Zelie” as it’s known by the locals, attracts visitors from a tri-state area with its trendy boutiques, gorgeous historic homes, unique dining options and vibrant art scene.

Acquisition

Rice Pegher acquired our initial Main St mixed use commercial assets in August 2019, and within 24 months added 16,000 sqft of Main St commercial space and 5 residential apartments to the portfolio.

Outcome

In all three instances Rice Pegher negotiated deals off market to secure each asset, all of which required heavy redevelopment.

Apartments
7
Apartments
Apartments
16,500 sqft
Office & Retail
Apartments
$1.49MM
Total Value Gained*
* Including sales

Rice Pegher has developed a repeatable strategy for Main Street revitalization projects that preserve the historic characteristics of the buildings, while driving growth opportunities for local business, commerce, and tourism.