Eastside II is the second phase of a project designed to revitalize the blighted East Liberty business district. The first phase of the Eastside commercial development brought a 32,000 square foot Whole Foods store. Spurred on by its success, the second phase of the development added over 84,000 square feet of multi-tenant retail space and a parking deck adjacent to Whole Foods. The project offers the potential of stabilizing the East Liberty residential community with the availability of a variety of employment opportunities in a thriving business district.
With the addition of the successful Whole Foods Market, the blighted East Liberty business district is on a path of renewal.
The first stage of the $39 million project is already completed, and the Eastside II project plans to add 84,000 sq. ft. of commercial retail space.
Bridgeway Capital helped to finance this project with the largest loan in its history — $1.7 million. The Mosites Company, the developer for the project, used the loan for constructing a building that can achieve LEED® (Leadership in Energy and Environmental Design) certification for green buildings. The environmentally-friendly elements include the structure, envelope and building-level systems.