The Pittsburgh Press from Pittsburgh, Pennsylvania • Page 121

H-7 The Press Rea 0 Bujdjn News Section TT JL Sunday, Octer 12, 1975 lis Village By SAM SPATTER Press Real Estate Editor The demise of the larger shopping' centers predicted by some experts because of higher gas costs and energy Mm I A Mt ing and extending into the parking area along McKnight Road. It should Jie ready for use next Spring. At that time, five stores in the exist-, ing center will be relocated into the new mall. Among the relocatees will be McSorley's Restaurant and the Isaly store, which will becomtf a Sweet William restaurant. Novick said plans call for the two restaurants to have entrances from the mall as well as from the parking area.

Also being relocated will be Tom McAn, a Shop Called East and Azen's. Already ticketed to enter the center will be such new facilities as Lerner's, Kinney's Shoes, Weiner World and a. host of smaller boutique shops. ONCE THE STORES have been moved into new quarters, the second phase of the expansion will get underway. This involves turning the vacated area of the existing building into a single storeroom facility to house a Gee Bee department store.

The entrance into the mall from the parking area along McKnight Road will be through a 45 foot wide area. It will open onto an area of several hundred feet, which Novick said can be used by local organizations for community projects. The parking area will contain about 2,500 spaces, which is close to the present number. Besides the parking in front of the center, some parking is located behind the stores. Novick believes this action by West Penn is the first time to his edge that a strip center of this size has bfipn converted into an enclosed mall.

His firm did the same last year at its Eastland Shopping Center in North Versailles. BESIDES THE WORK OF West Penn at North Hills, some of the existing stores such as Gimbels and Hahn's are also talking about upgrading their facilities. Ira Rubin and Associates are the architects for the expansion project. 'Besides Novick, other executive officers of West Penn Realty Co. include Samuel Hyman, chairman of the board, and Saul Elinoif, president.

The center is located on a 55-acre site, but only 40 acres are useable. Artist sketch of proposed enclosed mall to be built at North Hills Shopping Center in Ross Twp. Oakland Res taurah Site Sold 'Mitchell to a group including William Danylo for $20,000. Investors have purchased several housing rows in the city. William Gordon and associates paid $26,500 for five two-story, houses to Leo F.

Nau at 220 through' 228 Venture North Side. Joseph Seabrooke acquired eight' row houses on Pierce Street in Shady-side for $24,000 from Max Antin. In McKeesport, Alfred J. CecchinI paid $110,000 to Port Authority Transit fnr the "Id West ppnn Transit garage and property at 3110 Walnut St. regulations may- be somewhat premature for at least one Pittsburgh center.

In fact, West Penn Realty Co. which operates and manages at least 30 cen-- ters, most of SPATTER them in this area, is moving ahead on expanding its Ross Twp. complex. The firm, headquartered in Squirrel Hill, will sink at least $1 million into the North Hills Village Shopping Center-to turn what is primarily a strip center into an enclosed shopping mall. By doing this, said Ivan J.

Novick, executive vice president for West Penn, additional space will be provided for up to 25 shops, including a general department store, NOVICK SAID THE decision to expand came after his company received numerous inquiries from stores wanting to locate there, plus the general policy of his firm to upgrade its properties. Besides adding over 54,000 sq. ft. of space to the center, to bring total square footage to 550,000, West Penn will repave the parking lot and install new lighting. "We have a company policy of continually upgrading our and North Hills will be the eighth strip-type facility to be turned into an enclosed mall," Novick explained.

firm operates 8 million sq. ft of shopping area in six states. Besides Pennsylvania, thefe are centers in Ohio, Michigan, Indiana, Florida and Connecticut. WORK WILL START THIS Meek on constructing the new addition, located in front of the existing build being instrumental in moving some of his existing inventory. There are only six homes' still qualifying for this credit.

On the 26-acre development, located off Rt. 22 near Sardis Road, Amore has completed work on a recreation package which includes tennis, swimming pool and hiking trails. Amore reports the most popular models are the most expensive designs with' three bedrooms, 2Vi baths and Which include spiral staircase and bay windows. These are priced at $43,000. CONDOMINIUMS ARE attracting homebuyers out of houses priced in the over $50,000 range, as well as from The Breeze way WIIWWIWIIIIUIIIUM Exler, Allegheny County recorder of.

deeds. COASTAL REALTY headed by Donald Klein, handled the transaction. Klein said Red Shield will lease 7,000 sq. ft. over a 10-year period, and Canter's Restaurant is now closed.

According to another deed, Servicb Inc. of Memphis, acquired the Sheraton Inn-North at 4859 McKnight Ross from Air-North Associates under a $30,000 affidavit. McKnight Motel operates the motel, and the deed sales price did not include mortgage. National Mattress Co. has sold property at Penn Avenue and 17th Street in Lawrenceville to Matthew Weisberg for $82,500.

In McKees Rocks, on Chartiers Avenue, Cinemette-Associated Theaters Inc. sold the Roxian Theatre to Richard D. Urbano for $60,000. SEVERAL APARTMENT buildings were sold recently, including a two-story structure on Kennedy Street in Carnegie by Frank R. Ali and associates to John J.

Lira and partners for $190,000. At 4061 Penn Garfield, a building with storeroom and apartments, plus a two-story building' In the rear, were sold by Ernest Mauro to Nathan Mustin for $33,000. Nearby, at 5425-27 Howe Shady-side, a three-story apartment building, owned by M. Lester Berlin, was purchased for $44,000 by Joseph And at 135 S. Aiken Shadyside, a three-story apartment structure owned by Nina.Perlstein was sold for $18,000 to Bardon Inc.

A DOUBLE THREE-STORY apartment building at 1703-05 Termon North Side, was sold by Stephen J. Several buildings, housing one of Oakland's better known restaurants Canter's have been sold. And the new owners have announced the structures at 209-11 and 213-15 Atwood are now being renovated prior to leasing them to Red Shield health beauty aids store which plans to open there about Nov. 10. A group, headed by Harry J.

Wagner of Wagner Agency, purchased the buildings, paying $58,016 to a group including Richard M. Handler, and to Sherman K. Canter, according to deeds filed in the office of John J. 206 Lots Okayed By County Agency Allegheny County's Planning Commission has approved 18 new subdivision plans, involving 206 lots, including the 73 lot Sewickley Hjlls Plan in Se-wjckley Hills Boroughv The action, taken- at the September meeting, brought to 147 the number of plans approved this year for 1,889 lots. West Hills Realty Co.

Inc. is the owner of the new development while Ryan Homes Inc. plans to develop Bon-Meade Plan No. 6, a 69-lot complex in-Moon Twp. ALSO APPROVED WERE the Dashwpod Estates Plan No.

a 34-lot development by Ryan Homes in Bethel Park and the Jefferson Hills Plan No. a 26-lot development by Jefferson Hills Development Co. in Jefferson Borough. Both had previously-been approved but required a second approval from the commission. In all, there were four plans, involving 92 lots, which required a second approval because owners failed to record the.

plans within 60 days after receiving initial approval. Georgetown approach noticeable in Franklin Towne condominium complex by Amore in Murrysville. More Condos In Murrysville IVAN J. NOV.ICK. Demand fostered expansion.

Park Gets 1st Tenant, Firm Says Press State Wire YOUNGWOOD A nationally-known manufacturing and distribution firm will be one of the first tenants in the new Buncher Industrial Park being built here. The Buncher Company, of Pittsburgh said the company will move into the first building, probably early next year, when the 90,000 sq. ft. facility is completed. Herb Grepn of Buncher expects this will be the forerunner of an estimated 25 to 30 buildings in the 250-acre Park which will mean employment for from 3,000 to 5,000 persons.

AT THE GRAND OPENING of the first building in early 1976, announce- ment will be made of which company is locating there, Green said. Meanwhile, site preparation work is continuing and construction of the building should be underway within a month. Youngwood Borough council recently gave final approval for the industrial to be located at the north end of the community. One of the major projects involved in development of the property as an industrial park was the need to rechan- nel Jack's Run, a stream located there BUNCHER COMPANY MOVED ahead on the project by investing 000 in the rechannelization after re- (eiving promises of $215,000 in state and local funds. The Weaver Construction Co.

of Greensburg was awarded a $2411,000 contract to do the work. It was also learned that Youngwood -council will ask the state Department of Transportation for a traffic control light at the main entrance, to be located un Roule 119 North, near the old overhead bridge. Century Has Best Mortgage Total Century Federal Savings and Loafl Association, with eight loans valued at $6.7 million, headed the September mortgage market in Allegheny County. According to mortgages recorded that month, as listed by Lawyers Title Insurance Century topped second place Second Federal Savings and Loan Association, which issued 106 loans for $3.88 million. THIRD PLACE WENT TO Franklin Federal Savings and Loan Associa- tion with 76 loans worth $3.6 million, followed by Mellon Bank's 46 loans, $3.28 million.

Fiffh place went to First Federal Savings and Loan Association with 96 loans at $3 million. i k. Mrs. FARLEY SPELLMAN Joins agency. Realty newcomer.

Juanita Jones, top salesman at her agency and one of the top 10 in the Central Westmoreland group. New member at Boss Real Estate in Mt. Lebanon- is Mrt. William Earley, currently attending the University of Pittsburgh. Among the new sales associates at Maitoon and Totty Inc.

in Pleasant Hills is Mike Spellman along with Torn Kazmierczak. Among those from the Pittsburgh area taking off today on a 10-day study tour and seminar in Russia, sponsored by the Pennsylvania Realtors tion, are George Maier and Paul Med- wig of Medwig Realty Corp. Back from an office building development leasing and management course in Chicago is Donald R. Carr, manager of operations for Oliver Realty Inc. Re-elected secretary of the Pennsylvania Association of Realtors at its recent convention was Daniel C.

Smith Jr. of Pittsburgh. Recent participants in an international conference on education in" Houston was Ralph H. Burt and P. Richard Rittelmann cf Burt, Hill Associates.

Thorpe Active Leasing In Penn-Liberty Area Assessment Views Are Topic i The next section in the develop ment of Franklin Towne Condominium townhouses is now under construction by Amore Companies in Murrysville, Westmoreland County. vince js Amore, com pany ident, 'said after the i a of 0 ation, his firm had over $2 mil- lion in sales 1 1 ving the initial 50 condo units. The new section will complete the AMORE 92 units planned. in the first phase with another 86 units sched' uled for a second phase, he said, bringing the total to 178 units. NEW MODELS ARE OPENED and they feature new floor plans and amenities.

However, the Georgetown approach has been retained, along with varied outside design. Amore credits the tax credit law of 1975, which provides up to $2,000 tax credit on 1975 federal income taxes, as Butler Housing Projects Delayed Presj State Wirt BUTLER Development problems at two proposed housing complexes in Butler County have delayed approvals on them by the Butler County Planning Commission. At its recent meeting, the commission said it needed additional engineering data from developers of Gienford Village, a proposed subdivision in Fairview Twp. At question are excessive road grades and probable storm drainage matters. THE COMMISSION SAID it would approved the 22-Iot R.

A. Sollberger Plan in Adams subject to receipt of satisfactory soil percolation tests. The developer plans to use on-lot sewage systems and individual wells. Additional information is also needed from developers of a 128-acre Interstate Industrial-Office Park on Rochester Road in Cranberry the commissioners said. Not only do the commissioners want further information about the impact of the complex on Rochester Road traffic, but engineering data on what effect plans to fill an area of flood plain adjacent to Brush Creek have on flooding upstream.

some luxury apartments the Mon-roeville area, he continued. Average age of the buyer is 42 and there is usually one child to every three units. Decorative models are opened daily from 1 to 5 p.m. September Deeds Up Real estate activity picked up during September in Allegheny County as 2.479 deeds were recorded in the office of 'John J. Exler, recorder of deeds, compared to 2,328 for the month in 1974, marking only the second month this year to top last year.

McKAY Joins Shuster's. Mrs. JONES A'eii; broker. John Fennessey of Crossgates Realty will discuss condominium developments at the Wednesday meeting of the Society of Real Estate Appraisers, starting atrfi p.m. in the Pittsburgh Hilton Hotel, downtown.

Michael Evans of C. S. McKee Co. will review "Sound Financial Planning" at the 6:30 p.m. meeting Thursday of the Associated Subcontractors of Western Pennsylvania at the Holiday Inn, Greentree.

The board of governors of the Middle Atlantic Conference jpf Building Owners and Managers Association will meet here Friday. Fire Prevention Methods with representatives from an insurance underwriter, will discuss new fire code compliance requirements and fire prevention methods at the American Institute of Architect seminar 9 a m. Saturday at Carnegie-Mellon, Oakland. SALES MATTERS Now production manager at Shuster's Building Components in North Huntingdon is Philip W. McKay, former president of the Westmoreland Home Builders Association.

Now associate broker at West Real Estate Agency in Greensburg is Mrs. I i A buildings managed by his firm at 900 and 925 Penn Ave. and 818 Liberty are close to 100 per cent pecupied. IN EAST LIBERTY, his office leased a storeroom at 220 North Ave. to Stephanie's while in Squirrel Hill, Arnold Malkin leased a storeroom at 1705 Murray Ave.

for his JJ's. Both are boutiques. Activity has also been good in smaller towns around Pittsburgh. This has been particularly true in Vandergrift where his office sold several storerooms formerly used by such firms as J. C.

Penney, W. T. Grant and G. C. Murphy.

They sold one building for $120,000, then leased it. There are 16 apartments on floors above the first level. Another storeroom, after selling it for $43,000, was leased by his firm to two clothing outlets. ALSO IN VANDERGRIFT, his of-' fice leased a vacated store to ARCO Medical. This firm will use the building for offices and to store pacemakers which it manufactures.

Thorpe's agency reports building sales also in McKees Rocks and Beck-ley, W. Va. i Downtown Gains New Men's Shop, A new, men's store has opened downtown and it marks the first entry into the Golden Triangle for a suburban shopping center merchandiser. Mort Rubin, who with Herman Keis-ler operate Herman's Stylegate Shop in" the East Hills Shopping Center, reports his new Stylegate Shop is located at 539 Liberty Ave. ED D'ALLESANDRO is assisting Rubin in the operation of the downtown Stylegate as well as the firm's-woman's shop, Stylegate For Women, in East Liberty.

The downtown" store was designed by Jim Ward of Art Cohen Co. and features a redwood and aluminum front The Penn-Liberty area of downtown Pittsburgh is getting more popular for new business outlets, according to Leon Thorpe of Leon Thorpe Realty 'Co. -s, The, firm has made several new leases in storerooms along these streets, including a new men's clothing shop, Critic's Choice, which moved into the former location of Sam's Umbrella Shop. Extensive interior decorating oc-cured at 927 Penn before the change took place. Thorpe said most of the office August Decline In FHA-VA Rates The effective interest rates on federally-underwritten FHA-VA home mortgage loans in the Pittsburgh area declined during August to 8.97 percent compared to 9.16 per cent nationally.

This marked the first rate decline hre since May and also reflected the-fR-st below 9 per cent rate in the area since that month, according to the by the Department of Housing and Urban Development. It was 9.37 per cent in' July. Pre-Exam Help On Realty Test A non-credit real estate preparatory course for November state exam, will" be offered by Cook Real Estate School on Tuesdays and Thursdays, starting this The course will cover real estate math, terminology, license law act and nave a written exam, similar to past state real estate tests. Tuition is $75 for the. course which ends Nov.

4 and is held from 7 to 9 45 p.m. at the Bradford School, 365 Fifth downtown Pittsburgh. Fixing vs. Building Americans are expected to spend on home remodeling and do-it-yourself projects this year about $30 billion, enough funds to build 1 million new houses. Five candidates for Allegheny County Commissioner will give their views on property assessments at the annual Lawyer-Realtor Conference dinner Tuesday at LeMont Restaurant, Mt.

Washington. Topic for the evening is "Assessment Procedures: How Must They Change?" Taking part will be Democrat candidates James J. Flaherty and Thomas Foerster, Republican candidates Dr. William R. Hunt and Robert N.

Peirce and Ms. Michelle Madoff. ALLEGHENY COUNTY BOARD of Property Assessment Appeals and Review members will attend and have the opportunity to discuss assessment matters, said W. Berman, toastmaster for the evening. Guests will also have the opportunity to ask questions on assessments.

Atty. Richard Kelly from the Allegheny County Bar Association and I. E. Danovitz of the Greater Pittsburgh Board of Realtors, are co-chairmen for the program which begins with cocktails at 6 p.m., dinner at 7:15 and program at 8:15. COMING EVENTS Members of the local Mortgage Bankers Association will meet at the Press Club, downtown, tomorrow starting at 5:30 p.m., with James B.

Burnham of Mellon Bank speaking on "Economic Trends in Housing." An Oktoberfest German-buffet dinner will highlight the meeting, starting at 6 p.m. Tuesday, of the Home Builders Association of Westmoreland County at Ben Gross Restaurant, Irwin. Association activities will be discussed. The North Suburban Multi-List Inaugural and Awards luncheon will be held Thursday, starting at noon, at. Mr.

B's in Wexford..