Cedar Ridge Senior Apartments
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Cedar Ridge Senior Apartments

Pittsburgh, PA


Due Diligence and Development Oversight


RPL provided due diligence and development oversight services on behalf of an institutional equity partner.

Unique Approach

  • New partner and a new deal structure for our client so there were various elements that we influenced to get both parties comfortable.
  • Encountered challenges with the COVID pandemic that shut down construction activity for an extended period and pushed completion several months. Revised plan from single phase delivery to a phased approach allowing residents to move in prior to the final completion.


  • While delivered later than original plan due to COVID-19 pandemic, impacts mitigated through a phased delivery approach.
  • Completed within budget.

Scope of Work

New construction of a four-story, wood-frame, age restricted (55+) apartments. Contains eight one-bedroom and 116 two-bedroom units, 186 parking spaces, 40 garages, interior storage units, community room, family room, fitness area, salon, coffee bar, and library.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Pittsburgh, PA
  • Size: 124 units, 4 floors, 95,900 RSF
  • Timeline: 2018 to 2021
  • Services: Due Diligence and Development Oversight
  • Cost: $15 million
  • Architect: Mussachio Architects
  • Contractor: Clover Construction