Northmarq arranges development equity investment for urban, upscale multifamily property located in Pittsburgh’s North Shore
PITTSBURGH (April 18, 2025) — Northmarq successfully arranged the equity investment for 21 West, a 291-unit Class A high-rise in Pittsburgh’s North Shore neighborhood. Northmarq’s Mid-Atlantic Debt + Equity team led by Evan Mannis collaborated with the Mid-Atlantic Investment Sales team consisting of Chris Doerr, Will Harvey, Shack Stanwick, Ari Azarbarzin, Anthony Pino and Matt Straughan on the transaction.
Upon completion, the 11-story apartment building will be the first of its kind in Pittsburgh, offering high-rise living with an unparalleled amenity package, including a second-floor resort-style pool and spa, a cross-fit-style gym, a 10,000-sq.-ft. roof deck, and a sky bar area on the 11th floor facing PNC Park and the Pittsburgh skyline.
“By leveraging our market expertise, this savvy and sophisticated sponsor was able to execute a bespoke capital stack that will enable them to push the envelope of what is possible for Class A development in Pittsburgh,” Mannis said. “We look forward to their success in the North Shore and collaboration on future developments.”
The property is situated at the center of North Shore, one of Pittsburgh’s premier entertainment districts with PNC Park, Acrisure Stadium, Rivers Casino, Stage AE, the Andy Warhol Museum and a vibrant dining and nightlife scene. The North Shore is also home to several major employers, including Microsoft, PNC, Alcoa, SAP, Peoples Natural Gas, Allegheny General Hospital and more. Collectively, the North Shore has all of the essential attributes that are required for modern living, including access to major employers, dining, nightlife and major cultural attractions.
The property will feature a mix of studios, one-bedroom, two-bedroom and two-bedroom premium units, as well as top floor penthouse units.
The mixed-use development will also include 117 structured parking spaces on-site with additional surface and structured parking secured adjacent to the site and within walking distance.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.