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  #15381  
Old Posted Dec 22, 2015, 3:59 PM
themaguffin themaguffin is offline
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Again, the lists are not relevant. Of course housing is more expensive, because the economy has been better in recent years.
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  #15382  
Old Posted Dec 22, 2015, 4:19 PM
JVC JVC is offline
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Originally Posted by themaguffin View Post
Again, the lists are not relevant. Of course housing is more expensive, because the economy has been better in recent years.
very well reasoned - thank you

more real estate data courtesy of CBRE

http://www.bizjournals.com/pittsburgh/ne...-prices-hit-pittsburghs-real-estate.html

The report also sees “significant new supply” slowing growth in the region’s apartment sector, describing Pittsburgh as “one of only a handful of markets with a 100-basis-points increase in vacancy and negative year-over-year rent growth.”
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  #15383  
Old Posted Dec 22, 2015, 7:51 PM
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http://www.nextpittsburgh.com/features/s...milies-indoor-pool-and-ollies-gastropub/
Quote:
Sleek Embassy Suites in Oliver Building features room for families, indoor pool and Ollie’s Gastropub

Kim Lyons December 21, 2015 City Design, Features


When McKnight Realty Partners bought the Henry W. Oliver Building in 2011, the property was headed toward foreclosure and had lost its major tenant. It was a tough time for real estate in Downtown Pittsburgh and in other parts of the country with the recession in full swing. Mellon Square had fallen into disrepair, the nearby James Reed office building was vacant, and Lord & Taylor had long since abandoned its Downtown Pittsburgh location.

But four years later, the view from the Oliver Building has changed. A PNC Bank call center is now housed in the former Lord & Taylor building, a Hotel Monaco opened earlier this year in the Reed building, and in two weeks’ time, a 225-room Embassy Suites hotel will open on the Oliver Building’s top ten floors.

“When you think about how much has been spent on development just in this square alone, it’s impressive,” says Izzy Rudolph project manager for McKnight Realty Partners which purchased the property in 2011 for $12.5 million.

The views from the Embassy Suites guest rooms are of a transformed Mellon Square area and a thriving Downtown. The scenic vistas include the Mon Incline, home plate at PNC Park, and from corner suites a view of both the Ohio and Monongahela rivers, as well as the Downtown Pittsburgh skyline.

Rooms have understated design and layout and lots of space. Each piece of furniture has a piece of metal in it, Rudolph notes, a callback to the Oliver Iron and Steel Company.

...
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  #15384  
Old Posted Dec 22, 2015, 9:36 PM
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http://www.post-gazette.com/local/city/2...verfront-properties/stories/201512220162

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Pittsburgh looking at zoning upgrades for riverfront properties

December 22, 2015 12:10 PM

By Mark Belko / Pittsburgh Post-Gazette
With development booming, the city is looking to upgrade the zoning along its riverfronts.

The city announced today that it intends to create new zoning for the riverfronts as well as an interim planning overlay district to provide temporary controls for the next 18 months. The measures will not affect existing homeowners or property owners. They are designed to guide developers and others who are building new or expanding existing buildings or parking lots.

City officials are planning two public meetings to discuss the riverfront interim planning overlay districts: Jan. 11 at 6 p.m. at the Pittsburgh Public Market at 2401 Penn Avenue in the Strip District and Jan. 13 at 6 p.m. at South Side Market House, S. 12th and Bingham streets, South Side.

“This process gives us the breathing room to do riverfront development right, and protect and prioritize one of our city's greatest assets,” Mayor Bill Peduto said in a statement. “We've made a lot of progress by our rivers the last 20 years and this will allow us to do even better in decades to come.”

In many cases, the new rules will replace urban or general industrial zoning regulations that were crafted when the riverfronts were dominated by manufacturing and industrial plants or businesses. Over the last two decades, that has changed dramatically, with the waterfronts becoming more of a haven for offices, apartments, and other mixed uses as well as amenities like trails and parks.

...
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  #15385  
Old Posted Dec 22, 2015, 9:47 PM
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Originally Posted by Evergrey View Post
Pittsburgh looking at zoning upgrades for riverfront properties
http://www.post-gazette.com/local/city/2...verfront-properties/stories/201512220162
It's about time. I could see this being very important for the large open parking lots that will surely be built into large apartment developments or mixed use developments over the next couple of decades closest to downtown such as next to the Highmark soccer stadium and the other side of Station Square as well, the Northshore between the Alcoa HQ and the Heinz complex, the remainder of The Strip, Lawrenceville, ALMONO and others. However I hope that for the dozens of massive brownfields throughout Allegheny County, Beaver County and down the Mon Valley they leave flexibility if any large, modern manufacturers want to build new facilities such as the mult-billion dollar Shell factory or similar plans that would employ hundreds or thousands. I think if in the next 30 years we see the core of Pittsburgh built out as an extremely popular place to live and play but we also capitalize on all the hundreds of miles of riverfront brownfields that need to be re-used and not just sit there vacant as a sad reminder of steel's collapse. Perhaps massive droid building facilities for future robotics companies?
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  #15386  
Old Posted Dec 22, 2015, 10:52 PM
BrianTH BrianTH is offline
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Housing prices in Pittsburgh overall are still extremely competitive with coastal cities, and within the normal range for Rust Belt cities. Obviously some up and coming neighborhoods are experiencing some speculative pricing, but that is normal, and there are still plenty of very affordable neighborhoods in or near the core area if you don't insist on being in the hottest areas.

It is great to see an architectural gem like the Oliver Building getting a respectful, preservation-minded tenant. And in fact it is great specifically that visitors will get to enjoy the building.

I agree we want to make sure all sorts of uses are accommodated along the rivers. It is natural for the mix to be more hotel, residential, and higher-class office right near Downtown, but I'd note the new CSX multi-mode terminal is an important new industrial user, and the plans for the Hazelwood LTV and Carrie Furnace sites are designed to accommodate at least light industrial.
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  #15387  
Old Posted Dec 22, 2015, 11:41 PM
themaguffin themaguffin is offline
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Yeah, um what's with the barrage of charts anyway? Actually I know why, so back to development...
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  #15388  
Old Posted Dec 23, 2015, 1:20 AM
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I agree we want to make sure all sorts of uses are accommodated along the rivers. It is natural for the mix to be more hotel, residential, and higher-class office right near Downtown, but I'd note the new CSX multi-mode terminal is an important new industrial user, and the plans for the Hazelwood LTV and Carrie Furnace sites are designed to accommodate at least light industrial.
Yes, the CSX facility is a perfect example of a smart upgrade to our industrial infrastructure. We need that type of job growth in addition to technology and white collar job growth.
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  #15389  
Old Posted Dec 23, 2015, 1:39 AM
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Regarding the local Pittsburgh economy, it's important to remember that even if the regional economy isn't the most dynamic, the renaissance of the City isn't mainly due to local fortunes rising - it's due to the nationwide "great inversion" which is pushing more young professionals (and to a lesser extent jobs) into urban cores. The comeback of Pittsburgh isn't doing anything for Armstrong and Fayette Counties, or even the majority of Beaver, Washington, and Westmoreland Counties. Well over half of the suburban municipalities in Allegheny County are still in some sort of decline, even if it's only slow population decline due to falling household size. So we should not conflate statistics which look at the Pittsburgh MSA as a whole with the City of Pittsburgh in particular.

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Originally Posted by Austinlee View Post
It's about time. I could see this being very important for the large open parking lots that will surely be built into large apartment developments or mixed use developments over the next couple of decades closest to downtown such as next to the Highmark soccer stadium and the other side of Station Square as well, the Northshore between the Alcoa HQ and the Heinz complex, the remainder of The Strip, Lawrenceville, ALMONO and others.
I agree it's long overdue. I have boggled over the last few years that aside from the Cork Factory and Buncher's megasite, the entirety of the Strip is still zoned industrial. I think it's a given that not only the Strip and the remaining industrial portions of the South Side will be reexamined, but much of Lawrenceville towards the river. I wouldn't be surprised if the area around the Cork Factory is also, and I hope the city is forward-thinking enough to rezone Chateau for more mixed use as well. As it stands now, residential just isn't permitted in a General Industrial area at all. While it can be built in the more common Urban Industrial zone, only buildings with 4+ units are allowed, and they have to apply for a special exemption even then.

Personally though, I think the Pittsburgh zoning system is way too complicated as it is. The idea of creating yet more zoning overlays seems ridiculous to me. I realize going to a no zoning system isn't feasible, but I wish the City would start in that direction. Basically create "mixed use" areas where developers can build virtually anything. Fold most of the industrial zoned areas, all of the commercial zones, the useless NDO zone. and the various "public realms" and special planned zones in. This gives developers the freedom to build what they want in areas in areas which are currently largely non-residential, meaning it could be decades before we'd have to consider upzoning some of our historic housing stock into oblivion.
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  #15390  
Old Posted Dec 23, 2015, 2:05 AM
Hampton Doc Hampton Doc is offline
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All of these graphs and negativity is ridiculous! We all know how great the economy is in the north hills and like 2 city neighborhoods. Even I never said anything like that.
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  #15391  
Old Posted Dec 23, 2015, 3:10 AM
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Originally Posted by Hampton Doc View Post
All of these graphs and negativity is ridiculous! We all know how great the economy is in the north hills and like 2 city neighborhoods. Even I never said anything like that.
Great first post, Hampton, PA!
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  #15392  
Old Posted Dec 23, 2015, 3:20 AM
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summersm343 summersm343 is offline
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All of these graphs and negativity is ridiculous! We all know how great the economy is in the north hills and like 2 city neighborhoods. Even I never said anything like that.
Changing your username won't do anything Dr. Avis, I can view IP addresses.
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  #15393  
Old Posted Dec 23, 2015, 3:45 AM
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Changing your username won't do anything Dr. Avis, I can view IP addresses.
Burn!

In any event, it will be intriguing to see how this zoning change pans out. We need to plan our riverfront properties accordingly and plan for the best uses of this land given their overall location in the urban fabric.

I hope the planned 18-story building in the Strip advances. It would be nice to see more dense urban infill in that part of the city. Same goes for the North Side. The best use in places like the Strip, Lawrenceville, and both shores is continued residential/ground level retail/office use. Those uses are in high demand right now and the residential market is not exactly showing signs of slowing down last time I checked.

Buildings in Lawrenceville should be in the 4-to-8 story range, while the Strip should see 10-to-20-plus story buildings eventually, same with the North Side.

Chateau is very ripe for residential and recreational development. I'd like to see Rt 65 converted to a surface street/urban boulevard with a very wide median for an extension of the T.
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  #15394  
Old Posted Dec 23, 2015, 3:44 PM
themaguffin themaguffin is offline
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Changing your username won't do anything Dr. Avis, I can view IP addresses.
It's also amusing how avis made no attempt to conceal it was him.

Quote:
I hope the planned 18-story building in the Strip advances
We don't see enough of it and I hope it encourages more projects like it.
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  #15395  
Old Posted Dec 23, 2015, 4:22 PM
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summersm343 summersm343 is offline
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Originally Posted by themaguffin View Post
It's also amusing how avis made no attempt to conceal it was him.



We don't see enough of it and I hope it encourages more projects like it.
Haha yea... posting the same profile avatar picture is a dead give away
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  #15396  
Old Posted Dec 23, 2015, 7:57 PM
JVC JVC is offline
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here's a good instagram feed showing all the photos uploaded from the ace hotel location

https://www.instagram.com/explore/locations/954481834/
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  #15397  
Old Posted Dec 23, 2015, 9:18 PM
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UPMC is the largest employer in the state of Pennsylvania.

Quote:
38. Pennsylvania
The University of Pittsburgh Medical Center, a vertically integrated health care provider, is the largest employer in Pennsylvania with 60,000 employees. UPMC provides health insurance in addition to medical care. In its 2014 fiscal year, UPMC admitted more than 287,000 patients.
Read more: The Largest Employer in Each State - 24/7 Wall St. http://247wallst.com/special-report/2015...mployer-in-each-state-2/9/#ixzz3vBHoEnTO
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  #15398  
Old Posted Dec 23, 2015, 9:32 PM
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Evergrey Evergrey is offline
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UPMC is the largest employer in the state of Pennsylvania.



Read more: The Largest Employer in Each State - 24/7 Wall St. http://247wallst.com/special-report/2015...mployer-in-each-state-2/9/#ixzz3vBHoEnTO
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There's only a few states where the largest employer is not a hospital network, a public university system or Wal-Mart.
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  #15399  
Old Posted Dec 24, 2015, 2:49 AM
dfiler dfiler is offline
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would you care to list them because something isn't adding up here
all these lists mention how pittsburgh has affordable housing but people who live here know that is no longer the case

Some neighborhoods are no longer affordable but Pittsburgh has tons of affordable housing. Of course you can't find good deals in already booming neighborhoods. Those cheap houses in Lawrenceville were only available prior to it's turnaround. This is true everywhere in the world. Good deals are found by paying attention to currently borderline neighborhoods and figuring out which ones are about to boom.

The city and surrounding area are full of such opportunities. You can by an entire block in Wilkinsburg for the price of one Lawrenceville home. School tax is the catch. School funding reform could change that. But that's just one example. Hazelwood and the hill district are excellent medium term investments. If looking to live in a home rather than flip or land-bank, lots of other areas are perfect for that. Everything from Polish Hill to Junction Hollow are still dirt cheap.
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  #15400  
Old Posted Dec 24, 2015, 3:34 AM
PITairport PITairport is offline
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"Here's your first look at what would be the tallest building in the Strip District"

http://www.bizjournals.com/pittsburgh/ne...t-look-at-what-would-be-the-tallest.html

Big fan of contemporary architecture here, but not sure what to think about that. Plus the shorter section looks like a Daytona Beach hotel.



Nice write up about the city:
http://upstart.bizjournals.com/resources...urgh-is-great-for-startups.html?page=all
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