TOP PITTSBURGH NEWS Week #7

A rehabilitation effort in the commercial corridor of the Hill District is one step closer to opening its doors.

Once a performance hub for artists like Duke Ellington and Ella Fitzgerald, the New Granada Theater has sat empty on the 2000 block of Centre Avenue for more than a decade. Planning and fundraising are underway for a full rehabilitation of the historic Art Deco-style building built in the 1920s... Read More.

It’s a place for business owners to do employee training and have meetings with clients, a place to learn digital and financial skills, a place for students to work on projects or do homework.

Now open, CoLab18 is the city’s newest community space inside Nova Place in Allegheny Center — and the space, including wifi and laptops and tablets inside, is free for North Side residents and business owners, as well as for community partners to use, thanks to organizations that came together through a $9.3 million investment in One Northside’s initiatives... Read More.

UPMC and the University of Pittsburgh announced Tuesday a new center for immunology, cancer treatment and aging that will be the vanguard of a new bio-innovation center.

The UPMC Immune Transplant and Therapy Center will be part of a redesigned eight-story, 200,000-square-foot building located at 5000 Baum, a former Ford car plant and showroom. It will focus on the immune system, bringing together research from the university and UPMC that is geared toward use at the clinical level at UPMC facilities and, for some, commercialization via UPMC Enterprises. UPMC is investing $200 million into the ITTC. .. Read More.

Swissvale’s historic schoolhouse had become an eyesore.

Since 2012, the former Deniston School has sat vacant and in disrepair. But a collaborative effort of borough officials, the Swissvale Economic Development Corporation (SEDCO) and the Mon Valley Initiative (MVI) is giving new life to the property at the corner of Monroe Street and McClure Avenue.

Within the month, the first stage of construction will begin on a $3 million project that will transform the historic schoolhouse into 18 condominiums. This will be the second residential use for the building, which was built in 1902, converted into apartments in the 1980s and added to the National Register of Historic Places in 1984 ... Read More.

Today is the day when medical marijuana dispensaries will be opened.

Cresco Yeltrah's Butler facility will begin serving patients today, according to a news release earlier this week from the governor's office.

Pennsylvania Gov. Tom Wolf had announced dates when medical marijuana will be available for patients at six state-approved dispensaries... Read More.

John Deklewa couldn’t help but marvel at the contrast — a Strip District site that once churned out horseshoes now serving as the gateway into a tech hub that includes the development of autonomous vehicles.

“This is the new entrance of Robotics Row. Talk about transformational,” mused Mr. Deklewa, CEO of RDC Design + Build... Read More.

Walnut Capital Partners presented its proposal to add three stories and more than 100,000 square feet to its next building at Bakery Square 2.0 to the Zoning Board of Adjustment, a response to office demand that requires zoning variances for the original specially planned district limits established for the 20-acre mixed-use site. .. Read More.

The Penn Hills Shopping Center has a new owner for the first time in its more than 40-year history.

In a deal that closed last month, the original principals of downtown-based First City Co., the property’s original developer, sold the 276,882-square-foot retail property to New Jersey-based First National Realty Partners in the company’s first acquisition in the Pittsburgh market... 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.


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