So, I crawled through the Troiani website, and they really have six different projects they're attempting roughly simultaniously.
1. The project listed above.
2. A standalone residential building on the corner of First/Wood downtown.
3. The project on Penn and 23rd involving two new midrises, retail, apartments, and a parking garage. This actually cleared zoning awhile ago. That there's no shovels in the ground is troubling.
4. Redevelopment of the Papa J's parking lot in Carnegie as a new, 40-unit residential building.
5. A 17-unit townhouse project in South Fayette.
6. Development of an entire 175-acre parcel outside of Peters Township as a new subdivision.
This seems to be very aggressive for a company which has essentially, up until this point, managed two existing small commercial buildings (one in Carnegie, one in the Strip), owns three units in Gateway Towers, and operates four surface parking lots.