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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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Carnegie Mellon University Finalizes $500M Master Plan

Carnegie Mellon University Finalizes $500M Master Plan

By Adriana Pop, Associate Editor Carnegie Mellon University’s new master plan for its campus has been approved by City Planning officials. The plan includes the development of five key projects over the next 10 years, at an estimated cost of $500 million. The Pittsburgh Business Times reports that the first…

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Impakt Development Nears Completion on School Conversion

Impakt Development Nears Completion on School Conversion

by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the…

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Action Housing Develops Western Pennsylvania’s First Passive House

Action Housing Develops Western Pennsylvania’s First Passive House

by Adriana Pop, Associate Editor Action Housing Inc. is developing the first Passive House in western Pennsylvania. Passive Houses are extremely energy efficient buildings that save space heating costs while preserving high indoor air quality. The 1,800-square-foot home will be developed according to Passive House standards, a German system of constructing airtight buildings…

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Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners

Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners

by Adriana Pop, Associate Editor BGC Partners Inc., a New York financial services firm, has received the bankruptcy court’s approval to acquire substantially all the assets of Grubb & Ellis Co., the fifth-largest commercial property manager in the Pittsburgh region according to the 2012 Pittsburgh Business Times Book of Lists. On Feb.…

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U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M

U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M

by Adriana Pop, Associate Editor Children’s Hospital of Pittsburgh plans to develop a four-story, 60,000-square-foot medical complex in South Fayette Township. According to the Pittsburgh Business Times, the facility will include an urgent care clinic, an imaging center, and other specialized pediatric services. The South Fayette Township Board of Commissioners named the…

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