Financing Amount: $5,176,100.96
The Distillery at South Shore, a mixed-use complex at 129 McKean Street in Pittsburgh, PA, has secured $5.1 million in financing as part of PA’s C-PACE Program. As third-party administrator for Allegheny County, Sustainable Energy Fund oversaw the C-PACE project application process to ensure compliance with Act 30 Statute and the C-PACE Guidelines. Twain Community Partners III LLC executed the C-PACE transaction with Distillery at South Shore. The existing industrial property is a shell and contains 28,022 square feet. The proposed renovations and construction of a five-story addition will increase the area of the building to 53,862 square feet. The commercial facility will be used as a distillery for spirits, hand sanitizer, a market, a restaurant, a cigar bar, and a lounge. The property meets the energy savings guidelines for new construction/substantial rehabilitation as outlined in the Allegheny County C-PACE Guidelines, demonstrating whole building level energy savings.