The history of 4001 Willow Street, Alex Simakas’s Lawrenceville property, impressed him so much that he decided to preserve some of its industrial attributes when building the Foundry at 41st and the coming Tech Mill 41 office space next door.

“The site has a very rich history that most people wouldn’t know, and I really only learned about once I started planning for this development,” says Simakas, principal of Fort Willow Developers. “I knew it was an old foundry — but the founder of the business helped George Westinghouse cast the first air brake.”.. Read More.

Enough people are renting high-end apartments in Downtown Pittsburgh that developers are betting some will be willing to buy condos at the former Saks Fifth Avenue site starting this week.

On Thursday, Millcraft Investments and McKnight Realty Partners started taking pre-sales for “Lumiere,” the 86-unit, nine-floor condo tower proposed to top the parking garage nearing completion at the corner of Oliver Avenue and Smithfield Street. The Pittsburgh Planning Commission approved the developers' plans Tuesday.... Read More.

Three cranes — $2.5 million each — towered overhead, ready to lift shipping containers from rail cars and onto truck fleets and vice versa. Freight will likely roll in from as far away as Asia and through routes like the Panama Canal. 

The new 70-acre railroad facility built and operated by CSX Transportation Corp. looked like something suited for a sweeping coastal port. ... Read More.

Penn Brewery plans to open a bar-restaurant location at the airport this spring, as three leases expire at the end of the year for TGI Fridays locations, according to Trib Total Media.

The German-style brewery plans to open in the spring with a location on Concourse A, featuring a smaller menu to cater to travelers, the Trib reported... Read More.

Walnut Capital Partners plans to convert a vacant school in Garfield into a 40-unit affordable apartment building.

Todd Reidbord, a principal of Walnut Capital, presented the project before the Pittsburgh Zoning Board of Adjustment at its regularly scheduled meeting on Nov. 9... Read More.

Carnegie Mellon University hopes to transform Hazelwood into a manufacturing innovation center with the launch of a massive new project.

The university is in the process of building a first-of-its-kind advanced robotics manufacturing hub within the walls of an abandoned riverfront site that once housed the Jones and Laughlin Steel Company’s Hazelwood Works plant. The three-story, 94,000-square-foot facility — which is scheduled to open in spring 2019 — will provide research, development and office space for two CMU ventures, the Lawrenceville-based Advanced Robotics for Manufacturing Institute (ARM) and the interdisciplinary Manufacturing Futures Initiative (MFI) ... Read More.

Less than two months after it was announced that UPMC would no longer build a facility there, developers of Newbury Market in South Fayette Township sounded optimistic for the future of the mixed-use development just west of Interstate 79.

Brett Malky, president of EQA Landmark Communities, told township commissioners Wednesday night he has partnered with Jones Lang LaSalle to attract new tenants to Newbury. Malky only had to look to his own neighborhood to find a new direction. ... Read More.

HOUSTON, Nov. 8, 2017 /PRNewswire/ -- Shell Chemical Appalachia LLC (Shell) today announced the official start of the main construction phase of its major petrochemicals complex in Potter Township, Pennsylvania. This follows the successful completion of the site preparation and detailed design and engineering work. The final investment decision was taken in June 2016, with commercial production expected to begin early next decade... Read More.

MOON TOWNSHIP (KDKA) — When US Airways built a call center in Moon Township, it was a state-of-the-art facility. But for the last five years, after the airline pulled out of the area, the building has been vacant.

The Allegheny County Airport Authority bought it, and now will be leasing the space back to the county’s Emergency Services.

Emergency Services Chief Matt Brown is looking forward to the move... Read More.

The Urban Redevelopment Authority voted Thursday to give the city 555 acres of Hays Woods land so it can become a park.

The URA also voted to maintain control of 89 adjacent acres to reserve the option to discuss potential development.

Hays Woods, which runs along the Monongahela River between the South Side and Homestead, is a vast area of green space that includes a waterfall and houses Pittsburgh's only nesting pair of bald eagles. It was given to the city in 2016 by Charles J. Betters, who at one point planned for it to become a horse race track and casino.... 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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