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2017-09-22 / Business Briefs

Jeannette Route 30 Redevelopment Project enters final agreement

GREENSBURG, Pa. - The Board of Directors of the Westmoreland County Industrial Development Corporation (WCIDC), Gina Cerilli, Ted Kopas, and Charles W. Anderson, have accepted the proposal from Colony Holding Companies to develop the Jeannette Route 30 Redevelopment Project.

The Board of Directors of the Westmoreland County Land Bank had already announced their approval and with both parties formally accepting Colony’s proposal, the Land Bank, who owns the site, can now enter into a formal agreement with Colony Holding for the 6.4-acre parcel for a purchase price of $2.1 million. Colony is planning to develop “Jayhawk Commons,” a mix of commercial and retail space.

“Colony’s experience and understanding of the unique dynamics at play for this location make them well-suited to bring quality development to the City of Jeannette,” said Commissioner Gina Cerilli, Chairman of the WCIDC. “We are proud the county could play a pivotal role and support this critical project.”

Colony has led many other notable commercial developments in Westmoreland County, including Norwin Town Square, Huntingdon Marketplace and Office Park in North Huntingdon Township, Wildcat Commons in Unity Township, Countryside Shopping Center in East Huntingdon Township, and many other multi and single use tenant developments throughout the county.

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