Fountain Residential puts cost of new Uptown project at more than $100 million and plans to start construction this year

Texas-based Fountain Residential, long delayed in pursuing city approvals, is ready to move forward with a new retail-and-apartment development along Fifth Avenue in Uptown to neighbor what's expected to be a restored Tito House in the corridor.

The company briefed the Pittsburgh Planning Commission on its proposal, one that's been in the works for a couple of years that faced some delays over preservation challenges involving the former Tito House and an accompanying garage to be incorporated into the new redevelopment.

Brent Little, a principle for Fountain Residential, reiterated the basic plan in introductory statements before the presentation, which include buying and donating the former Tito House on Fifth Avenue - one of the last single family houses in the neighborhood - to Uptown Partners of Pittsburgh to be restored....Read More

Penguins, developer land a 3rd tenant for new office tower at former Civic Arena site

The Pittsburgh Penguins have made another big move — this time to help fill the FNB Financial Center.

Cohen Seglias Pallas Greenhall & Furman, a law firm now located Downtown, has signed a lease to take about 7,200 square feet on the 19th floor in the 26-story office building under construction at the former Civic Arena site.

It plans to move into the building from 525 William Penn Place on Oct. 1. The law firm becomes the third tenant in the skyscraper, which is being developed by the Buccini Pollin Group in conjunction with the Penguins...Read More

Cleveland developer seeks $12.5 million in state aid to revive stalled Downtown Pittsburgh building conversion

Seven years after first acquiring it, a Cleveland developer has outlined its latest plan for revamping an empty seven-story building in the heart of the Smithfield Street corridor Downtown as part of its bid for $12.5 million in state aid.

Stark Enterprises is proposing to convert the one-time department store and former office building into 165 residential units on the top six floors while filling the ground floor with “vibrant restaurants, shops and services.”



The company detailed the plan in its application for $12.5 million in state redevelopment assistance capital grant funding...Read More

Duquesne Light in the market for a new office as it considers options beyond 411 Seventh Ave.

One of the region's key power companies and an office anchor of the Chamber of Commerce Building downtown is starting to scout for a potential headquarters move.

Duquesne Light Holdings, a company with more than 100 years of roots in the region that is the electric service provider to more than 600,000 customers in two counties, has long had its name atop the nearly 100-year-old building at 411 Seventh Ave.



While a portion of the company's lease in the building extends until 2029, Duquesne Light acknowledged the search as the lease term on some of its space in the building at the corner of Smithfield and Seventh expires soon...Read More

Another step forward: Pirates pay $569,467 for land needed for North Shore plaza development

The Pittsburgh Pirates are heading for home in their bid to build a fan-centric entertainment plaza adjacent to PNC Park.

Pittsburgh Stadium Authority board members on Thursday unanimously approved the sale of the land needed for the 30,000-square-foot plaza to the team for $569,467.



The price of the land is equal to the cost of buying out the 60 parking spaces Alco Parking is losing to make way for the new venue, which will be located at West General Robinson and Mazeroski Way directly across from the PNC Park home plate entrance...Read More