Almono mega-development in Hazelwood aims to be a "24/7 neighborhood"

The big piles of dirt move, sometimes.
So far, one might think that's the extent of the excitement at the long-awaited Almono development in Hazelwood. As much as $1 billion in development has been mapped out for this vast stretch of vacant industrial land along the Monongahela River.
For 15 years or so, it's mostly been anticipation, and piles of dirt.
But things are happening here. Big things. Most aren't all that visible from the street. A new road now stitches together the site - the project's 1.5-mile Signature Boulevard is in place ... Read More.
An Industrial Giant Returns To Pittsburgh

Aluminum maker Alcoa is coming back home to Pittsburgh after moving its headquarters to New York for the last several years.

The aluminum maker Alcoa is one of America's best-known industrial companies. It called Pittsburgh home for more than a century, until 2006 when it decamped for Midtown Manhattan. As John Miller of member station WESA in Pittsburgh reports, now Alcoa is leaving New York and returning to its roots... .   Read More.

Community College of Allegheny County to build new workforce-training facility to address region's employment needs

Over the past week, in honor of Labor Day, a number of institutions have published reports on the state of labor and employment across the United States. And while for years experts promoted a college education as key to finding a career, recent repprts  indicate there are numerous high-paying jobs that do not require a four-year college degree. 

Today, as part of an effort to give people the skills to access these jobs, Gov. Tom Wolf and Allegheny County Executive Rich Fitzgerald announced the construction of a new Workforce Training Center at Community College of Allegheny County. .. Read More.

Clean coal refining plant to be built in southwestern Pennsylvania

A local coal company plans to build a clean carbon fuel plant at the site of its underground mine in Greene and Washington counties.

CNX Coal Resources LP (NYSE: CNXC) announced Wednesday that it had reached a partnership with Omnis to construct what it called a first-of-its-kind solid energy refinery that will take waste coal at the Bailey Mine Complex and turn it into clean carbon fuel. The partnership is called Omnis Bailey, and the CEO is Charles Gassenheimer. ... Read More.

Work on South Side 'Highline' at historic terminal gets boost from $15 million in tax credits

A local developer has been awarded $15 million in new markets tax credits to help finance a major overhaul of a historic cargo warehouse on the South Side.
Downtown-based McKnight Realty Partners is using the money to help convert vacant floors at the River Walk Corporate Centre into creative office space and to turn an asphalt street that runs through the complex to the Monongahela River into a public green space as part of a project it has dubbed  the "Highline." . .. Read More.

Joint venture buys eight commercial buildings on North Side

The Northside Leadership Conference, working with a group of local investors, has bought a collection of eight properties on East Ohio Street, bringing a once-in-a-generation opportunity to remake a significant portion of the beleaguered business district. .. Read More.

CONGRATULATIONS SVN | THREE RIVERS COMMERCIAL ADVISORS FOR REPRESENTING BOTH THE BUYER AND SELLER ON THIS TRANSACTION!

Alida's Woodfired Cucina to debut in Lawrenceville

A family partnership is moving forward with opening a restaurant in a new Doughboy Square building in Lawrenceville.

Look for Alida's Woodfired Cucina to open across from the Doughboy at 3345 Penn Avenue in mid- to late-October, offering a variety of pizzas and other Italian cuisine in a casual bar setting with 16 beers on tap and plenty of TVs to cater to the sports bar crowd. . . . Read More.

Parts of Beaver County shopping center about to be demolished

Parts of the Northern Lights Shopping Center on Route 65 in Economy are about to be demolished.

The Beaver County Times reported that portions of the 475,000-square-foot center, first built in 1956, are going to be torn down in the near future. The shopping center is a shadow of its former self, the newspaper said, and demolition permits have already been granted. P.Z. Northern owns the property, and three parcels of land that are being used by businesses are likely to be subdivided and sold. . .. Read More.  
City Officials Will Bid To Bring Second Amazon Headquarters To Pittsburgh

PITTSBURGH (KDKA) - Amazon announced Thursday it's building a second headquarters, and Pittsburgh already appears to be on the short list in what's certain to be a tough competition among several major cities.
Amazon is growing by leaps and bounds. Employing 30,000 employees  just six years ago, now they have nearly 200,000. City leaders are grinning just at the prospect of Amazon jobs. .. Read More.

'Jayhawk Commons' to replace former Monsour site in Jeannette

A plan to convert the former Monsour Medical Center property in Jeannette into a new retail and commercial development cleared its last hurdle on Thursday with approval by Westmoreland County commissioners. 
"We know we will be able to recoup our investment. It's better than a deteriorating hospital," said Commissioner Ted Kopas. 
The commissioners, acting as the board of directors for the Westmoreland County Industrial Development Corp., signed off on the plan to have Colony Holding Co. of North Huntingdon convert the now cleared 6.4-acre property on Route 30 for a new use. . . Read More.

Station Square lands new Rascal Flatts Restaurant and entertainment venue

Rascal Flatts will be making Station Square a little bit country to complement the Hard Rock Cafe's rock 'n' roll with a new restaurant and entertainment facility at the mixed-use complex on the South Side.

Cleveland-based Forest City Realty Trust announced that it has landed the Rascal Flatts Restaurant for Station Square, taking the former space of Bar Louie, which closed there earlier this summer .. . Read More.

In an effort to keep our clients and colleagues informed about the Pittsburgh commercial real estate market, we send out a weekly email with the top news stories that affect you.  Each day we sort through various industry publications and local news sources to narrow down the top articles that matter to the Pittsburgh commercial real estate investor.


For more information from a  SVN-TRCA Agent  please contact 724-918-4428 



Visit Us:


SVN | Three Rivers Commercial Advisors is a leading commercial real estate investment brokerage firm located in Pittsburgh, Pennsylvania. SVN | Three Rivers Commercial Advisors provide best-in-class service to the commercial real estate community. Through an individualized approach and customized marketing strategy - SVN | Three Rivers Commercial Advisors strives to outperform its competition and deliver unprecedented value to our clients.

All SVN® offices are independently owned and operated.

STAY CONNECTED: