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Search Results for fifth forbes

Is the Baum-Centre Corridor Prime Real Estate?

August 27th, 2008 · 1 Comment

Apparently, community leaders around the Baum-Centre Corridor are attempting to get Giant Eagle to put a new shine on a GetGo gas station (discussed in the Tribune-Review). But Giant Eagle’s efforts to create an inviting and innovative gas station convenience store mix aren’t nearly as interesting (since we’ve heard them before) as this comment [...]

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Tags: Commercial Real Estate · East Liberty · Lawrenceville · Pittsburgh · Real Estate · Shadyside

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 [...]

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Tags: Commercial Real Estate · Federal North · Fifth Forbes · Penguins · Pittsburgh · Real Estate · casino

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 [...]

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Tags: Commercial Real Estate · Downtown · Fifth Forbes · Pittsburgh · Real Estate

Downtown Apartments or Condos?

November 30th, 2006 · 1 Comment

The latest news in the redevelopment of the Fifth-Forbes area by Millcraft Industries is that there will be no condos, according to a Pittsburgh Post-Gazette article.  Instead, the developers are planning to construct apartments to capture historic tax credits.
I’m surprised that they can’t make the economics work for a downtown development with condominiums.  There seem to [...]

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Tags: Condos · Downtown · Fifth Forbes · URA

Downtown Pittsburgh Housing Developments

September 26th, 2006 · No Comments

According to the Pittsburgh Post-Gazette, 246 condos are under construction or in final development in the downtown area, and another 1300 condominiums and apartments are being planned.  If they’re right that the downtown housing demand among young professionals exceeds the supply, then their article title is right on the money: Downtown housing boom no illusion.
The [...]

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Tags: Condos · Downtown · Fifth Forbes · Housing Market · Neighborhoods · Pittsburgh · Uncategorized

Redd Up call leaves temporary shelter short

June 27th, 2006 · No Comments

It looks like there is more money to board up vacant and broken down homes in Pittsburgh then there is to provide a TEMPORARY shelter for the homeless during the All-Star Game.  What a shame!  The plans for a temporary shelter, which according to the Pittsburgh Tribune-Review have received lukewarm support, still aren’t finalized. 
On that [...]

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Tags: Personal

Downtown Pittsburgh developments — Market Square

June 27th, 2006 · No Comments

The Urban Design Associates plan for Fifth & Forbes / Market Square is available at the Urban Redevelopment Authority website.  The draft is open for public comment for the next two weeks.  Early news articles have focused on the rerouting of downtown buses and the development of two transit centers.  It has been covered by both [...]

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Tags: Personal

High volume news day for Pittsburgh Homes

June 8th, 2006 · No Comments

News of note from the Pittsburgh Post-Gazette: 

Bids on the conversion of the Hot Metal Bridge for pedestrians and bikers came in higher than expected and the URA is looking for extra money, according to the Pittsburgh Post-Gazette.
Millcraft-URA agreement on Fifth-Forbes proceeding slower than hoped; plans center around having single appraiser value properties. 
Expect a referendum in November [...]

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Tags: Commercial Real Estate · Neighborhoods

Pittsburgh area monetary issues in the news today

June 6th, 2006 · No Comments

Pittsburgh trash haulers are threatening to leave the city filled with garbage during the All-Star Game.  Now that’s rubbish! 
Gov. Rendell announced in a visit to East Liberty that the state was willing to provide additional money to the Fifth-Forbes project, but not as much as Millcraft had asked for it to provide.
Duquesne schools are looking [...]

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Tags: Neighborhoods

Commercial Real Estate News around Pittsburgh

June 2nd, 2006 · No Comments

Millcraft and the Urban Redevelopment Authority are working on a deal to give Millcraft exclusive right to purchase the URA’s properties in the Fifth-Forbes corridor, reports the Pittsburgh Tribune-Review.
There’s a lot of news and confusion with the Union Trust Building (Two Mellon Center) downtown.  Mellon Financial, who reportedly was moving out, now owns the building? 
Progressive is [...]

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Tags: Commercial Real Estate