Hudson announces it has established financing for The Julian on Melwood

The Hudson Cos., a Hermitage-based multifamily developer, is a step closer to building a 10-story apartment building on Melwood Avenue in Oakland.

The company announced on LinkedIn it has closed on construction financing for The Julian.

According to the announcement, Hudson is working with Dollar Bank on its constructing financing along with PenTrust, crediting JLL for mortgage advisory services on the project.

Hudson received approval from the Pittsburgh Planning Commission to build the 148-unit project at its December 2021 meeting.

The company did not disclose the total budget for the project, a redevelopment slated for 419 Melwood Ave. near the corner of Baum Boulevard.