The downtown Pittsburgh cultural district project that was once called one of the linchpins of the revitalization of the City of Pittsburgh and a project without equal in the United States was indefinitely suspended last month by the Pittsburgh Cultural Trust. The Pittsburgh Cultural Trust blamed the poor economy and credit markets as the [...]
Entries Tagged as 'Commercial Real Estate'
RiverParc Suspended
June 2nd, 2008 · No Comments
Tags: Commercial Real Estate · Downtown · Financing · Pittsburgh · Real Estate · Theater District
North Shore Hotel Approved
May 22nd, 2008 · No Comments
Development on Pittsburgh’s North Shore continues.
The Pittsburgh Planning Commission approved the Hyatt Place hotel near PNC Park despite the opposition of Pittsburgh United, which will have an opportunity to air its concerns in front of the Pittsburgh City Council.
The nearby Marriott Residence Inn on the North Shore broke ground this month and is scheduled for [...]
Tags: Commercial Real Estate · North Shore · Pittsburgh · hotels
Pittsburgh Hotels Planned in Moon Township
May 12th, 2008 · No Comments
DiCicco Development announced Friday that two additional Pittsburgh airport hotels, a 128 hotel room Hilton Garden Suites and a 101 hotel room Homewood Suites, will be built adjacent to each other in its 22 acre Scott Station real estate development in Moon Twp. The developer is still looking for interest in 100,000 sq. ft. of [...]
Tags: Commercial Real Estate · Moon Twp · hotels
New Penguins Arena Transparency
June 5th, 2007 · No Comments
Last night, the Urban Design Associates and the Pittsburgh Penguins held a meeting to get input from residents on the development of the new Penguins arena. Architect Don Carter, President of Urban Design Associates, indicated to the Pittsburgh Post-Gazette that the doors are wide open for public participation.
Sounded nice.
Until I started thinking about my [...]
Tags: Commercial Real Estate · Downtown · Hill District · Penguins · Pittsburgh · Real Estate · Sports · technology
Downtown Pittsburgh Revitalization: Is the YMCA move really a big deal?
June 4th, 2007 · No Comments
The Post-Gazette celebrates the announcement of the move of the Downtown YMCA from 330 Blvd. of the Allies to Millcraft’s Market Square Project. The editorial says, “It will be a boost to the heart of the Golden Triangle.”
Total distance the facility is moving: ~ 1/4 mile. I mapped it on Google and if you go [...]
Tags: Commercial Real Estate · Downtown · Market Square · Pittsburgh · Real Estate
Pittsburgh’s downtown construction projects
April 1st, 2007 · 1 Comment
Last weekend, I was having a conversation with someone about the number of downtown projects that are in the planning/construction stages and expected to open in 2008-2009. Today, the Pittsburgh Post-Gazette goes so far as to say that “[b]y late 2009, you might not recognize the place.”
The Pittsburgh Post-Gazette has put together a list [...]
Tags: Architecture · Commercial Real Estate · Downtown · Pittsburgh · Real Estate
URA to FINALLY acquire Garden Theatre
February 17th, 2007 · No Comments
I missed the news yesterday in the paper that the URA is going to take possession of the Garden Theatre on Wednesday. Thanks Doug for bringing it to my attention. Here is the Pittsburgh Tribune-Review article on the news.
Now the question is whether the request for developer proposals that have been released [...]
Tags: Commercial Real Estate · North Shore · Pittsburgh · Real Estate · URA
Which Pittsburgh development will finish first?
January 23rd, 2007 · 1 Comment
The Pittsburgh Business Times is hosting an online poll to find out which long awaited project Pittsburgh residents believe will be completed first. Choices are:
1. Mon-Fayette Expressway
2. New Arena for Penguins
3. North Shore Connector
4. Don Barden’s North Shore Casino
The results right now are overwhelmingly in favor of one project, but they really should have added these three other [...]
Tags: Commercial Real Estate · Federal North · Fifth Forbes · Penguins · Pittsburgh · Real Estate · casino
Piatt Place breaks ground
January 19th, 2007 · 1 Comment
The Pittsburgh Tribune-Review covered the official start to construction of Piatt Place by developer Millcraft Industries. 75% of the retail space in the building is already taken and the rest is expected to be leased by the end of this year. The condos aren’t selling nearly as well, though. There are commitments on only 14 of [...]
Tags: Commercial Real Estate · Condos · Downtown · Fifth Forbes · Piatt Place · Pittsburgh · Real Estate
Vacancy Rate for Commercial Office Space
January 17th, 2007 · No Comments
The vacancy rate for office space in the downtown area of Pittsburgh in 2006 was up 2% to 20%, according to a report issued by Grubb & Ellis and reported in the Pittsburgh Post-Gazette.
More interesting is the concluding paragraph of the Post-Gazette article, which suggests that the redevelopment of the Fifth-Forbes corridor, between the construction [...]
Tags: Commercial Real Estate · Downtown · Fifth Forbes · Pittsburgh · Real Estate