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PITTSBURGH COMMERCIAL REAL ESTATE

WEEK #48

‘People want views’: Developer proposes 12-story condo building across from Wholey’s market in the Strip District


Another big residential project could be headed for the Strip District.


Developer Francois Bitz is proposing a 12-story condominium building at 1700 Penn Ave., now the location of a Helltown Brewing taproom.


Mr. Bitz will take the first step toward developing the site Jan. 9 when he goes before the Pittsburgh Zoning Board of Adjustment to seek two variances and several special exceptions for the project, including one to build to 12 stories in a district where the maximum height is 60 feet...Read More

Contentious affordable housing bill moves to city planning commission for consideration


Despite being dubbed “a political stunt” and in direct competition with legislation proposed by Mayor Ed Gainey to expand affordable housing, a new amendment to Pittsburgh’s zoning code is on the table.


The competing legislation was introduced earlier this month by Councilman Bob Charland, a vocal critic of the mayor. At the heart of the issue is an affordable housing mandate known as inclusionary zoning...Read More

Party City joins Big Lots in announcing going out of business


Look for upwards of 20 more stores in the Pittsburgh area to go dark as two more national chain retailers announce their plans to go out of business.


On Thursday, Columbus-based Big Lots announced negotiations with a buyer had fallen through, resulting in the decision to close its remaining 960 stores throughout the country, and leading the company file a WARN notice about the impending layoff of more than 500 corporate employees...Read More

New Dollar Tree location in the works for Forward Avenue in Squirrel Hill


A flagship dollar store brand of a Fortune 500 company is on the agenda of the Pittsburgh Zoning Board of Adjustments, working to set up shop in two Forward Avenue addresses in Squirrel Hill.


The company is Dollar Tree, the combined retail giant that includes Dollar Tree itself and Family Dollar to total more than 16,000 stores throughout the United States.


According to the agenda of the Pittsburgh ZBA, Dollar Tree plans to build out a new store of more than 11,700 square feet incorporating an 8,000-square-foot former dry cleaning business at 5850 Forward Ave. with the neighboring former magistrate's office...Read More

Agenda: Aldi proposed for retail space on Banksville Road


Aldi is poised to expand again in Pittsburgh.


After the limited-assortment grocer opened a new store in Lawrenceville last week, where it took the place of a long-operating Shop 'n Save, Aldi is on the agenda for a hearing before the Pittsburgh Zoning Board of Adjustment on Jan. 9 to establish a new store at 2515 Banksville Road, a busy commercial corridor on the western edge of the city.


The hearing is based on a requirement of a special exception for a grocery store of 3,000 square feet or more, necessitating a hearing before the board...Read More

The National Observer: Real Estate: Several levers could determine the direction of industrial in 2025


Suppliers who've flocked to places like the Austin, Texas, metro area are in a holding pattern as the semiconductor industry goes through a bit of a down period.


Lofty projects that were expected to debut this year are delayed, putting groups like parts makers in limbo as they wait for the facilities that drew them to the area to become operational...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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