Dale's Place, LLC
Eric Whiteman purchased the real estate, which consists of an existing bar and restaurant in 2018.
The property has a 2nd floor, which has 8 sleeping rooms that are not currently in use and there are 5 apartments on 3rd floor not being used and in need of renovations. The Progress Fund provided a $278,000 loan to complete the remainder of the updates and renovations needed for the residential rental (2nd and 3rd floors) of the building.
Dale’s Place is in a desirable location as it is approximately .4 miles from the Great Allegheny Passage. In addition to GAP travelers, the area has a need for temporary housing for utility workers in the gas and oil industry. A new natural gas power plant has recently opened in the area that will also have temporary workers looking for a place to stay. This also creates an opportunity for the residential portion of the property.