Reinventing Downtown Corridors:
Economic Development in Hazelwood
In 2018, the Foundation made grants of more than $14,000,000 to facilitate economic development in Hazelwood. Almost 93 percent of this investment— $13,000,000—was awarded to Almono, Hazelwood Initiative, and The Progress Fund (the Fund), a community development financial institution that received $4,500,000 to assemble real estate holdings, rehabilitate historic property, and construct new industrial space in Hazelwood.
"Our recent purchase and coming redevelopment of the historic Hazelwood Brewery into a center for craft beverage might be the next spark in Hazelwood. None of it would be happening without Richard King Mellon Foundation’s long-term support of Hazelwood and Pittsburgh’s small business community.”
With an eye on maker and food-based entrepreneurship opportunities in Pittsburgh’s distressed communities, the Fund purchased the former Hazelwood Brewery building on Lytle Street. With the Foundation’s support and in partnership with Hazelwood Initiative, the Fund will seek to acquire all the adjacent properties within one continuous city block, redevelop the property, and create a unified master plan that ensures a tenant is in the redeveloped brewery within two years.