May Building Renovation Moves Forward Downtown
May Building Renovation Moves Forward Downtown
111 Fifth Avenue, Downtown
After months of planning and securing additional funding, the historic May Building is finally moving forward with a major renovation. Built in 1908, the 12-story property hasn’t seen a meaningful update in over 50 years and has faced increasing deterioration.
Beacon Communities, the Boston-based developer leading the project, has expanded the renovation to include 88 apartments, with 66 units designated as affordable housing. The project’s increase from 54 to 66 affordable units reflects the current residents’ needs and rent compliance, while keeping the building accessible to a broad range of downtown residents.
The total project budget has grown to $37 million due to rising construction costs. Funding comes from a mix of public and private sources, including a 9% tax credit from the Pennsylvania Housing Finance Agency, a $5 million HUD grant through the Green and Resilient Retrofit Program, $4.5 million from the Urban Redevelopment Authority of Pittsburgh, state support, private investors, and a $1 million contribution from Allegheny County.
Construction, led by Sota Construction Services, will include:
Exterior restoration and upgraded building systems
Highly efficient HVAC and energy improvements, targeting a 25% increase in energy efficiency
Renovated apartments with new flooring, cabinets, counters, and windows
Modern common spaces, including a fitness center and community room
Michael Polite, Beacon’s Pittsburgh executive VP, said, “We’re at a place where we need to act. This renovation ensures the building remains a vibrant part of downtown just in time.”
The May Building is the only renovation included among the seven major projects in Gov. Josh Shapiro’s 2024 downtown revitalization plan, which aims to drive new investment and community growth across the city.
