CRAFT breaks ground on 68 townhomes that could change Upper Lawrenceville  All these years as Lawrenceville’s upswing has progressed, one huge parcel of property — the 2.8-acre former Hanlon-Gregory Steel galvanizing plant — sat at the neighborhood’s upper end like a block-long question mark. In March, Toronto-based CRAFT Development Corporation will break ground on this site with 68 townhouses called Mews on Butler. Units will be available for pre-sale at prices starting in the low $400s. The expected completion date for the first phase of the development is in the fall... Read More.

Mexican equity fund buys office building at Southpointe A Mexican equity fund has landed in the Pittsburgh market by securing a three-story office building at Southpointe. The Aztec Fund purchased the 98,314-square-foot 501 Technology Drive from an affiliate of the Laurus Corp., a real estate investment and development company. The sales price was not divulged. The deal was announced by Holliday Fenoglio Fowler LP, or HFF, which marketed the property and procured the buyer... Read More.

InnovatePGH launches to grow Pittsburgh's tech scene Pittsburgh's latest attempt to grow its technology scene launched Tuesday. InnovatePGH is a collaboration between the city's universities, foundations, startup accelerators and incubators, city and county governments and economic development organizations such as the Allegheny Conference on Community Development. .. Read More.

Pennsylvania to fund 8 Allegheny County transportation projects Pennsylvania is funding 45 transportation projects, including eight in Allegheny County, according to a news release from Gov. Tom Wolf's office. The projects will be funded under the PennDOT Multimodal Transportation Fund, the release said. The state received 222 applications requesting more than $241 million. State officials selected 45 projects totaling $41.5 million, based on safety benefits, regional economic conditions, feasibility, job creation, energy efficiency and other factors, the release said... Read More.

Pittsburgh International to hold event for firms hoping to win contracts for $1.1B project Companies hoping to win contracts for a planned $1.1 billion project at Pittsburgh International Airport will want to mark their calendars. The airport is holding an event March 13 for local firms, small businesses and disadvantaged business enterprises to learn about upcoming procurement opportunities related to the project, according to an airport news release... Read More.

New riverfront zoning proposal expected to bring major development impact The city of Pittsburgh is closing in on making permanent changes to the zoning along its riverfronts in a shift with major implications for new development. Introducing a presentation, Planning Director Ray Gastil called “the largest rezoning proposal since the last century” for Pittsburgh, the Pittsburgh Planning Department presented its plan for a new riverfront zoning ordinance to the planning commission this week, proposing to pare the number of riverfront zoning districts from 19 to 5... Read More.

Photos: Indoor entertainment center to replace former Kmart An entertainment center is planned for the former Kmart at the Edgewood Towne Center just outside Pittsburgh. Construction has begun on Scene75, a 90,000-square-foot facility that will house an arcade, bar and other activities meant for the whole family, according to a news release. The company, owned by father and son Les and Jonah Sandler, has three Scene75 locations in Ohio, and this will be the first location in Pennsylvania, according to the release. .. Read More.

Long-time men's clothing retailer moving across downtown After a little more than 36 years in the same location, downtown men’s apparel retailer Joseph Orlando Clothiers is moving to Wood Street. Facing the prospect of operating out of a smaller store under a new landlord at 606 Liberty Ave., owner Joe Orlando said he has opted to lease a new 5,000-square foot location in the Carlyle Building... 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   or email  threeriversadmin@svn.com Visit Us: www.svnthreerivers.com

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