"Since buying the iconic PPG Place complex for $179.4 million in 2011 and EQT Plaza for $99.2 million a year later, Raleigh, N.C.-based Highwoods Properties has spent more than $50 million bringing them up to its own internal standards or “Highwoodtizing” them, as it likes to say.
At PPG, that has included a larger ice rink; extensive renovations to the plaza’s jets and LED lighting; two new restaurants with a third under construction; and elevator, lobby and restroom improvements, as well as mechanical, electrical and safety upgrades.
It also has completely remodeled the outdoor plaza at EQT Plaza."
"11 Stanwix, the former Westinghouse building bought by Munich-based GLL Real Estate Partners for $66.6 million in 2011.
It has invested $15 million in improving the outdoor plazas and in upgrading the building’s green features to a LEED Gold rating, the second highest."
"A more recent investor has been M&J Wilkow, which bought the Art Institute of Pittsburgh building for $9.9 million and 20 Stanwix for $38.1 million.
It will spend at least $5 million renovating the latter’s plaza and lobby while adding a fitness center, a tenant lounge and possibly a rooftop deck."
big time real estate developers understand the importance of plazas and the huge benefits they can generate
meanwhile in east liberty the only thing resembling a plaza is a stormwater mitigation garden that is basically a glorified ditch
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That church is amazing and should have tourists flocking to it. Maybe once that area rebounds more, but there is still a ton of crime around that region.
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