Posted Mar 19, 2013, 5:06 PM
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Eurosceptic
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Join Date: Apr 2003
Location: Pittsburgh
Posts: 24,141
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http://www.post-gazette.com/stories/ae/a...-pittsburgh-downtown-partnership-679960/
Quote:
60 projects outlined by Pittsburgh Downtown Partnership
March 19, 2013 11:55 am
Several major developments in the Golden Triangle will get started or completed this year -- part of a group of 60 projects in the pipeline totaling an estimated $2.2 billion in investment, according to the Pittsburgh Downtown Partnership.
Among the developments to get started this year is the Gardens at Market Square, a $95 million hotel, office and retail project to be built on Forbes Avenue near Market Square. Lucas Piatt, president and chief operating officer of Millcraft Investments, the developer, told those gathered for the PDP's annual meeting this morning that Millcraft plans to break ground on the project in June.
The Gardens will feature 125,000 square feet of office space, 20,000 square feet of retail, a 335-car parking garage, and a 197-room Hilton Garden Inn. Burgatory, a hamburger haven, and Jackson's Social Bar and Restaurant already have signed on as tenants, Mr. Piatt said.
While the Gardens is getting started, PNC Financial Services Group hopes to complete the conversion of the former Lord & Taylor department store on Smithfield Street into a call center in November.
Gary Saulson, PNC executive vice president and director of corporate real estate, said the call center will be home to 850 employees, providing a shot in the arm to a section of Smithfield Street near the former Saks department store, which also is being redeveloped.
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http://www.bizjournals.com/pittsburgh/news/2013/03/19/ongoing-growth-touted-for-downtown.html
Quote:
Ongoing growth touted for downtown
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Piatt discussed his company’s two new projects to come:
The mixed-use Gardens project near Market Square, which he said will include a new Jacksons Social Bar & Grill, patterned after his company’s established restaurant in Southpointe.
A new development to replace the empty Saks Fifth Avenue store that will include apartments and parking.
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Travis Williams, chief operating officer for the Pittsburgh Penguins, expects the team’s redevelopment of the empty 28 acres where the Civic Arena once stood to begin to show real signs of progress. It will receive $15 million in state grant funding to start establishing new infrastructure at the property.
He said the team is working to have a master plan approved with the city-county Sports & Exhibition Authority, which owns the property, by the third quarter of this year, with the initial build out of a new street grid to begin next spring, and new vertical development to come in 2015.
Williams described a plan that remains mostly unchanged to include 1,100 residential units, mostly rental, 600,000 square feet of office space and 200,000 square feet of mostly neighborhood-serving retail and entertainment.
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