{"id":307302,"date":"2026-10-15T16:14:06","date_gmt":"2026-10-15T16:14:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/307302\/"},"modified":"2026-10-15T16:14:06","modified_gmt":"2026-10-15T16:14:06","slug":"downtown-investor-gets-started-on-penn-avenue-residential-conversion-project","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/307302\/","title":{"rendered":"Downtown investor gets started on Penn Avenue residential conversion project"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">PITTSBURGH \u2014 Aaron Stauber preempted a common perspective when it comes to what it takes to convert mature office buildings in downtown Pittsburgh into new residential properties.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">\u201cIf you\u2019re standing on the outside and you\u2019re wondering how come these projects don\u2019t happen, that\u2019s because you\u2019re not inside doing the project,\u201d said Stauber, president and principal of Rugby Realty Co. Inc. \u201cIf you were, you would know why some of these projects are not happening like that.\u201d<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">It was an introduction he offered as Rugby, working with Walnut Capital Partners and a development team that also includes Desmone Architects and Strada, with PJ Dick as the builder, held a ceremony Wednesday to commemorate the start of the buildout of 933 Penn Ave. into a 70-unit apartment building.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/10\/14\/downtown-rugby-stauber-walnut-capital.html?ana=wpxi\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/10\/14\/downtown-rugby-stauber-walnut-capital.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times.<\/a> <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92026 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURGH \u2014 Aaron Stauber preempted a common perspective when it comes to what it takes to convert mature&hellip;\n","protected":false},"author":2,"featured_media":307303,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[126007,4623,126009,73,75,74,126010,126008],"class_list":["post-307302","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-aaron-stauber","tag-downtown-pittsburgh","tag-office-building-conversion","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-residential-properties","tag-rugby-realty-co-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/307302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=307302"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/307302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/307303"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=307302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=307302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=307302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}