PITTSBURGH — Strip District-based Hullett Properties is proposing to convert the TRYP by Wyndham hotel in Lawrenceville into an affordable housing project as a hotel group is also expressing interest in buying it if that plan falls through.
Hullett’s proposal is a preliminary plan for which the development firm, best known in Pittsburgh for a Smallman Street condo project and the redevelopment of the Triangle Building downtown, has been granted $1.5 million in gap financing from the Housing Authority of the City of Pittsburgh and has had initial meetings with community organizations in the neighborhood for a project that also faces some resistance.
The TRYP by Wyndham Pittsburgh’s current ownership is facing foreclosure of the property. Atlanta-based Access Point Financial LLC, which bought the original 2017 mortgage from First Commonwealth Bank in October 2021, filed a foreclosure action against the ownership of the 108-room boutique hotel in August, claiming a debt balance of $16.9 million from the owner, affiliates of Wheeling, West Virginia-based Century Equities, according to court documents. The property now is facing an anticipated sale from this foreclosure process.
Click here to read more from the Pittsburgh Business Times.
Download the FREE WPXI News app for breaking news alerts.
Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW
©2025 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/XCUXZC2XYZHCRGNNGKFEX6U3LQ.png)
