LINCOLN POINTE APARTMENTS LOCATION
Bethel Park is a mature, dense, infill community, with both single family and multifamily housing markets almost fully built out. The pocket is densely populated with apartment communities developed in the 1970’s and 1980’s, and as a result potential development sites are limited, creating material barriers to entry. Lincoln Pointe is adjacent to an array of retail amenities including the South Hills Village Mall, Village Square Mall, Giant Eagle, Trader Joe’s and a brand new Whole Foods Market that opened in January, 2017. This exceptional retail base offers residents walkable amenities with tremendous convenience. Over three million square feet of well-known retail tenants such as Apple, AMC Movie Theaters, Brookstone, Gap and Target are within walking distance of the property. Notable nearby employers include Dicks Sporting Goods headquarters, Bayer (pharmaceuticals), and Quest Diagnostics (medical laboratories). These employers, along with limited apartment supply, should help drive growth in the area and fuel absorption. In addition, the average household income within a mile radius of the Property is estimated at $101,500 and the average home price exceeds $189,300, which has risen above 6.1% over the past year. Furthermore, people choose Lincoln Pointe in part because of the quality of the school system, which is ranked among the best in Pittsburgh. Residents have access to George Washington Elementary School, Independence Middle School and Bethel Park High School, which received an average of 9 out of 10 stars from GreatSchools.Org.
Located at the convergence of the Allegheny, Ohio and Monongahela Rivers, Pittsburgh is the largest inland port in the U.S., providing access to the nation’s 9,000 mile inland waterway system. Once known solely for its steel mills, Pittsburgh now boasts a diverse economy which includes a significant high-tech presence, robotics, financial services plus world class universities, health care facilities and research groups. Many recent developments include a new $450 million casino, light rail expansion and new venues for all three professional sports teams. The Pittsburgh region boasts more than 800 high-tech firms, making it the 5th largest technology hub in the nation accounting for more than 100,000 jobs. Pittsburgh’s economy has outperformed all of Pennsylvania’s largest area metros. With an estimated 2016 annual gross product of $132.5 billion, it also outperformed not only large cities like Nashville and Columbus, but also many smaller states. Employers continue to flock to the city supported by a highly educated work force with 29 colleges including The University of Pittsburgh, Carnegie Mellon, Indiana University of Pennsylvania and Duquesne University.
With a metropolitan population of over 2.4 million, Pittsburgh and its surrounding suburbs have a great deal to offer both residents and tourists to the city. Pittsburgh is a strong community and is home to a number of professional sports teams including the Pittsburgh Steelers NFL team, the Pittsburgh Pirates MLB team, and the Pittsburgh Penguins NHL team. Since 1893, The Phipps Conservatory and Botanical Gardens have offered an array of programs for families to enjoy in addition to the numerous museums including the Andy Warhol Museum and Carnegie Museum of Natural History and Carnegie Museum of Art. In addition, the Duquesne Incline is a remarkable cable car that since 1877 has been bringing residents and visitors up to the top of Duquesne Heights and Mount Washington for dazzling views of downtown Pittsburgh.