Posted Aug 15, 2014, 6:28 AM
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Eurosceptic
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Join Date: Apr 2003
Location: Pittsburgh
Posts: 24,339
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Architect is Gensler... again...
http://www.post-gazette.com/business...s/201408150056
Quote:
Oxford Development working to once again leave its mark on skyline with ‘world class’ tower
August 15, 2014 12:00 AM
By Mark Belko / Pittsburgh Post-Gazette
In the early 1980s, Oxford Development Co. was a key contributor to the city’s second renaissance with construction of 45-story One Oxford Centre on Grant Street.
Nearly 35 years later, the developer once again is looking to leave its mark on the Downtown skyline — this time with a 20-story office tower it is billing as the most efficient in the city.
In an interview Thursday, Steven Guy, Oxford’s CEO, said it was “absolutely important” for the company and its ownership “to do another great legacy project for the community.”
“There are few times in a city’s history that a city is ready and capable of accepting a new product — something world class, something that makes a difference — and this is one of those times,” he said from his office on the top floor of One Oxford Centre.
Oxford hopes to start construction of the $192 million glass and aluminum tower in the second quarter of 2015 with completion expected in 2018. It would be built on Oxford-owned property on Smithfield Street between Fifth and Forbes avenues, with an existing building there to be demolished.
The company settled on a 20-story tower after considering two other options for the site for the last two years. One was a new $238 million, 33-story skyscraper for which Oxford was unable to secure an anchor tenant.
The other was a proposed $40 million renovation of the existing building, but that received “no market support,” Mr. Guy said.
Sent back to the drawing board, Oxford came up with its newest plan — the 20-story high-rise designed very deliberately to maximize the use of every inch of space, thus saving tenants money.
In the month or so that Oxford has been marketing the project, it has been well received, with interest from both national and local companies, Mr. Guy said.
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