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Preliminary TIF Plan Moves Forward for Pittsburgh’s Largest Riverfront Project

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…

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Starwood Capital Purchases North Fayette Office Property in Pittsburgh

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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City Council to Approve Special Zoning Legislation for Buncher’s $400M Mixed-Use Project

City Council to Approve Special Zoning Legislation for Buncher’s $400M Mixed-Use Project

The Pittsburgh City Council has approved zoning variances for Buncher Co.’s estimated $400 million mixed-use development in the Strip District. Called Riverfront Landing, the proposed development would stretch 55 acres from the Veterans Bridge to 21st Street, between Smallman Street and the Allegheny River. Pending further approvals, the project could…

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Pittsburgh Glass Center to Develop Affordable In-Residence Housing in Garfield

Pittsburgh Glass Center to Develop Affordable In-Residence Housing in Garfield

The Pittsburgh Glass Center has purchased a former coffeehouse in Pittsburgh’s Garfield neighborhood, with plans to repurpose the facility as student and artist-in-residence housing. Construction will begin as soon as funding is secured. According to the Pittsburgh Business Times, Bloomfield-Garfield Corp. and Friendship Development Association facilitated the acquisition and will…

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Highwoods Properties Acquires Landmark Office Building in Downtown Pittsburgh

Highwoods Properties Acquires Landmark Office Building in Downtown Pittsburgh

In a $91.2 million deal, Highwoods Properties Inc. has purchased the 616,000-square-foot EQT Plaza skyscraper in downtown Pittsburgh. The transaction included the full acquisition of building owner Liberty Avenue Mezzanine LLC, a Delaware holding company. Highwoods Properties plans to invest another $8 million to improve the 32-story office building. Currently…

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HVMG Opens New Hampton Inn & Suites in Greater Pittsburgh

HVMG Opens New Hampton Inn & Suites in Greater Pittsburgh

Hospitality Ventures Management Group (HVMG) of Atlanta has announced the opening of a Hampton Inn & Suites property along the Waterfront in West Homestead, just seven miles from downtown Pittsburgh. It is the fourth hotel the company manages in the Greater Pittsburgh area. The new Hampton Inn & Suites/Waterfront-West…

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Oxford Development to Decide on 350 Fifth Avenue Plans By Year’s End

Oxford Development to Decide on 350 Fifth Avenue Plans By Year’s End

Oxford Development Corporation, the largest privately owned commercial real estate firm in Western Pennsylvania, celebrated its 50th anniversary at the Rivers Club at One Oxford Centre in downtown Pittsburgh. On this occasion, President and CEO Steven J. Guy told the Pittsburgh Tribune-Review that the company would continue its aggressive pursuit…

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New Mixed-Use Neighborhood Development Coming to Pittsburgh’s Hill District

New Mixed-Use Neighborhood Development Coming to Pittsburgh’s Hill District

The city's Urban Redevelopment Authority has approved a $16 million residential and retail development for the historic New Granada Theater Block in the Hill District. The Residences at New Granada Square is a project that involves the construction of a mixed-income, mixed-use building on a vacant site between Wylie and…

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Construction to Begin on Pittsburgh International Business Park

Construction to Begin on Pittsburgh International Business Park

Developers have broken ground on two buildings that will anchor the Pittsburgh International Business Park on Cherrington Extension Parkway in Moon Township. The single story brick and glass facilities will each offer 53,000 square feet of high end Class A office space. The Pittsburgh Tribune-Review reports that Columbus, Ohio-based Continental…

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Expedient Plans Major Expansion for Pittsburgh Data Center

Expedient Plans Major Expansion for Pittsburgh Data Center

Expedient is planning a six-month, multi-million dollar project that will double the size of its second Pittsburgh data center. Located within Allegheny Center Mall, the facility is expected to reach a total of 18,000 square feet of computing space and 25,000 square feet overall. It is the company’s third data…

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Pittsburgh Neighborhood Developments to Receive Federal Funding

Pittsburgh Neighborhood Developments to Receive Federal Funding

Two neighborhood development projects in Pittsburgh will receive $1.6 million in federal grants from the Office of Community Services, an agency of the U. S. Department of Health and Human Services. The funding was announced by the administration of Mayor Luke Ravenstahl. East Liberty Development Inc. has been awarded approximately…

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Chatham University to Start Construction on Green Academic Community

Chatham University to Start Construction on Green Academic Community

Chatham University has broken ground on the Eden Hall Campus, the first academic community in the world built from the ground up for sustainable development, living, and learning. Located in Richland on a 400-acre site once called Eden Hall Farm, the facility will be the second residential college campus in…

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