Here are a few more recent eyebrow raising articles from the post gazette...
With Downtown Pittsburgh office space tight, is new skyscraper on horizon?
April 21, 2013 12:12 am
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By Mark Belko / Pittsburgh Post-Gazette
Even with two new office buildings in the works Downtown, there just might be room for a third.
With office vacancies at a 30-year low and demand high, conditions could be aligning for a developer to take a chance on building another skyscraper in the Golden Triangle, local real estate experts say."It would fill up, I think," said Gerry McLaughlin, the Newmark Grubb Knight Frank executive managing director who has worked in the market for 35 years. "Yeah, I do think there probably is a need for additional space Downtown. How much, I'm not sure."
The Jones Lang LaSalle real estate firm has called Pittsburgh one of the tightest office markets in the country. The Class A office vacancy rate Downtown was a mere 5.6 percent at the end of last year and a fraction lower at 4.9 percent at the end of the first quarter -- the lowest since the early 1980s, according to Mr. McLaughlin.
And with many of the major office towers ranging from 92 to 99 percent full, the two new buildings in the pipeline -- the Tower at PNC Plaza and the Gardens at Market Square -- may not be enough to satisfy demand.
Read more:
http://www.post-gazette.com/stories/busi...scraper-on-horizon-684364/#ixzz2REMm7Zqu
Work begins on $160 million reconstruction of Hill District's Addison Terrace community
April 22, 2013 1:22 pm
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Groundbreaking held for Addison Terrace project
By Rich Lord / Pittsburgh Post-Gazette
The reconstruction of the Addison Terrace public housing community in Pittsburgh's Hill District will eliminate an isolated pocket of poverty and instead reach down to and cross Centre Avenue, officials said today at the groundbreaking for the $160 million project.
"The idea is to go straight down to Centre Avenue," said city Councilman Ricky Burgess, who also chairs the Housing Authority of the City of Pittsburgh's board, as he stood on a dusty plateau strewn with earth-moving equipment with a full view of Downtown. "We can actually rebuild some of the business corridor. ... In a very short period of time, this community will be transformed."
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http://www.post-gazette.com/stories/loca...-terrace-community-684536/#ixzz2RENq0TD6
Realty fight reflects Strip District change
Wholesale business hinging on ruling for produce terminal
April 21, 2013 12:10 am
B]By Joe Smydo / Pittsburgh Post-Gazette
Sunny's Fashion at Penn Avenue and 21st Street in the Strip District is one of many storefronts and sidewalk vendors that help draw in shoppers to the area. The Strip District has evolved over the years, as restaurants and retail have taken the place of wholesalers.
The 62-year-old Consumers Produce Co. has changed with the times, absorbing parts of other wholesalers as they went defunct, moving to modern quarters and rolling out new services to keep customers happy.
The Strip District, the company's home, also has evolved over the years, taking on more of a tourist and retail persona as its trademark wholesale produce industry shrank.
"I would no longer consider the Strip District the wholesale food industry hub it once was," Consumers Produce chairman Alan Siger, whose father co-founded the company, said.
But what will become of the Pittsburgh Produce Terminal, a neighborhood showpiece and 120,000-square-foot, five-block-long symbol of the fruit- and vegetable-selling scrum? Judge Robert J. Colville of Allegheny County Common Pleas Court may have the final word on that.
Allegheny Valley Railroad and the city Urban Redevelopment Authority are awaiting Judge Colville's ruling on the railroad's suit aimed at preventing the terminal -- opened in 1929, according to court papers -- from becoming part of Buncher Co.'s proposed $450 million development along the Allegheny riverfront. There is no timetable for the judge's ruling.
Read more:
http://www.post-gazette.com/stories/loca...ip-district-change-684355/#ixzz2REOO3P5N