It’s too bad that this project can’t seem to get the required traction. Big, multi-use/multi-tenant type projects like this are obviously tough to plan and execute. And I imagine they are made that much tougher in Pittsburgh, particularly downtown... where, well, maybe there’s just not the true demand for a full renovation of a huge, old building into apartments, hotel, corporate rentals, Target dept store, bowling alley, restaurants, etc.
Unfortunately, Miami-based Fontainebleau (who has the capital to actually do this) backed out... citing the Covid-19 pandemic/economic situation, but I’d wager that they saw a money pit in the making and said, “wow, you guys really fubar’d this thing badly” and used the pandemic as a back door escape.
Of mice and men: Kaufmann’s deal falls apart as residents cope with rodents, other maintenance issues
https://www.post-gazette.com/busines...s/202005270059