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City Receives Federal Grant For Bakery Square Expansion

City Receives Federal Grant For Bakery Square Expansion

By Adriana Pop, Associate Editor The City of Pittsburgh has received a $1.9 million grant from the U.S. Economic Development Administration (EDA) for the construction of public infrastructure at the $120 million Bakery Square 2.0 development. Work will include installation of new utility lines, grading and build-out of new streets,…

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Shaner Group Restarts Foreclosed O’Hara Condo Development

Shaner Group Restarts Foreclosed O’Hara Condo Development

By Adriana Pop, Associate Editor State College-based Shaner Capital LP has restarted a 53-unit condominium project in the Allegheny riverfront development of Chapel Harbor in O’Hara Township. The former Marbella project was stalled after its original developer, the Zambrano Corp., filed for bankruptcy in 2009. The Pittsburgh Post-Gazette reports that…

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ERT to Acquire Biomedical Company Invivodata

ERT to Acquire Biomedical Company Invivodata

by Adriana Pop, Associate Editor Global technology company ERT purchased Pittsburgh-based biomedical company Invivodata, Inc. for an undisclosed amount. The acquisition positions ERT as a leader in Clinical Outcome Assessments. The transaction was facilitated by San Francisco-based private equity group, Genstar Capital LLC, which recently announced it has completed the…

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Pittsburgh Penguins, University of Pittsburgh Plan for Sports Complex in Cranberry

Pittsburgh Penguins, University of Pittsburgh Plan for Sports Complex in Cranberry

Adriana Pop, Associate Editor The Pittsburgh Penguins along with the University of Pittsburgh Medical Center (UPMC) are planning a joint practice rink and sports medicine complex in Cranberry. According to the patch.com, the proposed 150,000-square-foot complex would be located in the Summit of Cranberry Woods business park off Route 228,…

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East Liberty Transit Center Project to Receive $15M Grant from Federal Government

East Liberty Transit Center Project to Receive $15M Grant from Federal Government

by Adriana Pop, Associate Editor The U.S. Department of Transportation has granted the Pittsburgh Urban Redevelopment Authority $15 million for the development of the East Liberty Transit Center, the next phase of the East Side project. The multi-modal transit center is expected to serve nearly 1,000 daily bus trips. A…

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Buncher’s $400M Mixed-Use Project in Strip District Passes First Test

Buncher’s $400M Mixed-Use Project in Strip District Passes First Test

by Adriana Pop, Associate Editor The Pittsburgh City Planning Commission has approved the establishment of a special planning district for Buncher Co.’s estimated $400 million, 37-acre mixed-use development in the Strip District. The project, called Riverfront Landing, will also need to go before the City Council for approval. Under the…

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Shell Evaluates Site in Beaver County to Build $3.2B Gas Processing Facilities

Shell Evaluates Site in Beaver County to Build $3.2B Gas Processing Facilities

by Adriana Pop, Associate Editor Shell Oil Co. is assessing whether to build a multibillion-dollar petrochemical complex that would process gas locally produced from the Marcellus Shale in Appalachia. Shell said it would reach a decision in 18 to 24 months. Shell Chemical LP signed a land option agreement with Horsehead…

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PNC to Acquire Former Lord & Taylor Building

PNC to Acquire Former Lord & Taylor Building

by Adriana Pop, Associate Editor PNC Financial Services Group will acquire the former Mellon Bank building at Smithfield Street and Fifth Avenue in Downtown Pittsburgh. PNC has reached a deal with Forest Hills-based J.J. Gumberg Co. to purchase the property for an undisclosed amount, the Pittsburgh Post-Gazette reports. The transaction…

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Oxford Development Unveils Redevelopment Options for 350 Fifth Avenue

Oxford Development Unveils Redevelopment Options for 350 Fifth Avenue

by Adriana Pop, Associate Editor Oxford Development Co. announced plans for the redevelopment of its six-story building at 441 Smithfield Street, one of the company’s owned assets. Rebranded as 350 Fifth Avenue, the new Class A office property will feature upscale retail and restaurant space. In order to better suit…

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Construction on PNC Financial’s $400M HQ to Begin

Construction on PNC Financial’s $400M HQ to Begin

by Adriana Pop, Associate Editor Demolitions of nine buildings in the east block of Wood Street clear the path for the construction of PNC Financial Services Group’s $400 million headquarters. The 33-story office tower will be located on the Southeast corner of Fifth Avenue and Wood Street, the same Pittsburgh…

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Phipps Conservatory’s Certified Living Building Opens in Pittsburgh

Phipps Conservatory’s Certified Living Building Opens in Pittsburgh

by Adriana Pop, Associate Editor The Center for Sustainable Landscapes is scheduled to open at Phipps Conservatory and Botanical Gardens on May 23. It will be one of the world’s first certified living buildings. The 24,350-square-foot facility is the centerpiece of Phipps Conservatory and Botanical Gardens’ $20 million Phase III expansion…

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City Opens $13.4M South Shore Riverfront Park

City Opens $13.4M South Shore Riverfront Park

by Adriana Pop, Associate Editor City officials joined development stakeholders and community partners to celebrate the opening of the 3.2-acre South Shore Riverfront Park at the Monongahela River shoreline. The $13.4 million project is developed on the former LTV steel industrial site. The urban park was funded with approximately $10.6 million…

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