With Civil War-era cannonballs safely gone, apartment complex now open

A new apartment community in Lawrenceville where 700 Civil War-era cannonballs were removed earlier this year is now open to residents.

The City of Pittsburgh and the Arsenal 201 developers, Milhaus Development , announced Friday afternoon that the first tenants of the apartments would move in over the weekend. More than 30 cannonballs dating back to when the property was an arsenal and munitions factory were found by construction workers in late March. The black powder found in the cannonballs, even after all those years, was considered to be dangerous ... Read More.
McMakeover: Downtown McDonald gets a facelift

McDONALD - A black building? Some considered it a black eye.
"People came to two council meetings in a row and complained," said Patrick Powell, president of McDonald Borough Council and a longtime resident. He was referring to the structure at 134 S. McDonald St., which had been a staple in the downtown business district since 1909, but was undergoing a needed renovation.
The redo of what was once a Napa Auto Parts store included a black facade - a new face that, initially, inspired a bunch of unhappy faces.
"We got a lot of bad feedback from people in town. They said this was a historic place and were afraid we were destroying the place," Melissa Bengtson said with a mild chuckle. She is property manager for Novelli Properties, which, she asserted, is buying and rehabbing properties in the borough, not destroying them. .. . Read More.

Broadhurst to close Block 292 in South Hills

Brooks Broadhurst has decided to close Block 292, the cafe and butcher shop/market he runs in Mount Lebanon.

"At the end of the day, the concept didn't work," said Broadhurst, the former senior vice president of food and beverage for Eat'n Park Hospitality Group. .. Read More.

CMU robotics initiative to move into Almono development

The Almono redevelopment has a big new tenant: the Advanced Robotics Manufacturing Institute at Carnegie Mellon University.

The Tribune-Review reportedthat the 178-acre former steel mill property is working on a lease with the robotics institute with plans to be up and operating next year. ... Read More.

First look: Distrikt Hotel Pittsburgh debuts

The Distrikt Hotel Pittsburgh opened this past weekend laying claim to bragging rights as downtown's only true, independent hotel.

"There isn't any really now in Pittsburgh until us," said Jennifer Austin, an executive vice president for Distrikt Hotel Group LLC and a co-founder of affiliated GuestHouse Advisors . .. Read More.

Retail, restaurants and unique elevated green space planned for South Side Terminal Building and Highline project

When construction was completed on the South Side's Terminal Warehouse and Transfer Company complex in 1906, it was considered the largest, safest and most efficient storage and transfer building on the Eastern seaboard, says Izzy Rudolph, director of development and acquisitions at McKnight Realty Partners.
More than one hundred years later, McKnight has begun construction on a multi-million dollar transformation of the six-story structure from a nexus of commerce to a riverside hub for office and retail space. It will be capped by an elevated, 500-foot-long park, the Highline.
"We're taking it into the next generation by really modernizing the building soup to nuts," says Rudolph. ... Read More.

South Fayette approves conditional use permit for UPMC

On Wednesday, South Fayette commissioners voted unanimously to approve a conditional use application for UPMC to build a 90-bed hospital in the Newbury Market complex on Presto Sygan Road.

According to the Pittsburgh Post-Gazette , the facility, valued at more than $211 million, is seen by developer Newbury Associates as a needed "second anchor" for the Newbury Market Complex, which has already secured a Top Golf  for the property. Last month, the breakfast chain First Watch also announced that it would place a lovation in the mixed-use development . . . Read More.

Developer seeks to clear way for $22.8M office building on North Shore

The Sports & Exhibition Authority of Pittsburgh and Allegheny County on Thursday are set to consider a request from Continental Real Estate Cos. for easements that the developer says would clear the way for a $22.8 million office building along North Shore Drive. 
Columbus, Ohio-based Continental is planning a seven-story building next to the Fort Duquesne Bridge and wants easements for foundations, overhangs and underground utilities in the SEA-owned North Shore Riverfront Park, according to the authority's board meeting agenda. . .. Read More.  
Downtown office building up for sale

The Federal Home Loan Bank Building, a 17-story office tower on Grant Street in downtown Pittsburgh, is up for sale and may soon have a new owner.

It's a building overshadowed by many of its neighbors, including the U.S. Steel Tower across Grant Streetand the former Alcoa headquarters building now turned into apartments behind it, with which it shares a distinct feature in its aluminum cladding. Yet it's also a significant downtown property, totaling 163,616 square feet on a quarter acre in the heart of downtown's business district . .. Read More.

New 105,000-square-foot storage facility coming to Carson Street

Look for a new 105,000-square-foot storage facility to soon rise on the South Side.

Winter Park, Fla.-based Nuvo Development LLC has bought a former industrial site at 700 E. Carson St. that neighbors an historic church and expects for construction to begin, city approvals pending, by the end of the year on a structure that will be a mix of one- and three-stories and open for business in late 2018.. . 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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