Some add'l info:
CMU proposes hotel, office, retail complex to help remake Forbes Ave.
April 23, 2015 12:27 AM
http://www.post-gazette.com/business/dev...corridor-pittsburgh/stories/201504220154
A new office, hotel and retail development proposed by Carnegie Mellon University is part of a bid to transform the Forbes Avenue corridor in Oakland into one that could “rival the major hubs of innovation around the world.”
The complex — up to 425,000 square feet in size — would be built on two acres of university-owned land located between the Carnegie Museums and Junction Hollow near Craig Street.
The development has been part of the master planning for the university as it seeks to expand its campus and make space for technology giants like Apple and Disney Research lured by its talented and ambitious faculty and students.
The new development, according to Mr. Jahanian, could include research space for students and faculty, space for external partners, labs and studios for shared industry-academia use, office space, “a quality hotel,” a parking garage, and some retail space.
J.C. Pelusi, Jones Lange LaSalle market leader and managing director, said the developer to be chosen later this year will be responsible for building and funding. The new office, hotel and retail building will be the second-largest structure on campus.
According to a JLL press release, the development would provide new office space for industry, government and nonprofit partners seeking to establish or enlarge their footprints at the university.
One possible target could be Apple, which has been looking to expand its presence is the region. Currently located at the Mehrabian center, the iPhone and Mac computer maker has been searching for 15,000 to 20,000 square feet of office space.
JLL has been representing Apple in that matter. Mr. Pelusi would not comment on the search, but said there are many advantages for companies like Apple, Google and Disney Research, all of which have or have had a presence on CMU’s campus, to be close to the university known for its technology research.