Pittsburgh
McCandless Crossing Development in Suburban Pittsburgh Adds New Tenants
AdVenture Development LLC is about to break ground on the fourth phase of the McCandless Crossing 1.2 million-square-foot mixed-use development in Pittsburgh’s suburban North Hills. According to the Pittsburgh Business Times, three new restaurants and a new store have committed to the town center portion of the approximately $100 million…
Continue reading →High-Profile I.M. Pei Apartment Community Slated for Renovation
One of Pittsburgh’s iconic residential towers, the 24-story Washington Plaza Apartments, is set to undergo a series of upgrades this year. …
Continue reading →New East Side Transit-Oriented Development Moves Forward
The Mosites Co. is planning to build a new multi-modal transit center, with 54,000 square feet of retail, more than 360 residential units and 595 parking spaces in Pittsburgh’s East End neighborhood. The estimated price tag of the entire project is around $75.2 million. According to the Pittsburgh Business Times, the…
Continue reading →Developer Completes Multifamily Conversion Project in Pittsburgh
Burns & Scalo has completed the redevelopment of the former Goodwill Building at 2600 E. Carson Street on Pittsburgh’s South Side. Dubbed “The Brix at 26”, the $34 million reconversion project is now ready for occupancy and offers 87 market rate apartments, 91 parking spaces and 10,397 square feet of…
Continue reading →Bakery Square 2.0 Development To Break Ground in March
Walnut Capital and its financial partner, the RCG Longview Fund, have closed on the acquisition of the vacant Reizenstein School in Pittsburgh’s East Liberty section. The purchase of the property will allow the developers to move forward with their plans for the approximately $100 million Bakery Square 2.0 development. Plans…
Continue reading →Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment
Officials at Pittsburgh Public Schools have revealed proposals from four bidders interested in purchasing and redeveloping the former Pittsburgh Schenley High School in North Oakland. The Pittsburgh Post-Gazette reports that in order to qualify, the bids were required to include an acquisition price of at least $4 million. This amount covers…
Continue reading →Preliminary TIF Plan Moves Forward for Pittsburgh’s Largest Riverfront Project
The Urban Redevelopment Authority has initiated a historic tax increment financing (TIF) process for the nearly $1 billion redevelopment of the former LTV Steel site along the Monongahela River in Hazelwood. If approved, the master plan would turn Pittsburgh‘s last major abandoned industrial site into a hub of activity comprised…
Continue reading →Starwood Capital Purchases North Fayette Office Property in Pittsburgh
An affiliate of Starwood Capital Group has purchased the seven-story 2000 Park Lane office building in North Fayette, Pittsburgh. The acquisition was part of a larger transaction that involved nine commercial office buildings located predominately in the country’s Sun Belt region. Wells Real Estate Investment Trust II, Inc. sold the…
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