Pittsburgh
Rugby Realty Acquires Iconic Koppers Building in Downtown Pittsburgh
Rugby Realty has acquired the 34-story Koppers Tower in downtown Pittsburgh from Koppers Building Holdings, Inc. According to the Pittsburgh Post-Gazette, the New Rochelle, N.Y.-based company paid $17.2 million to purchase the 360,000-square-foot historic building at the corner of Grant Street and Seventh Avenue.
2015 Opening Planned for Ace Hotel in Pittsburgh’s East Liberty
Plans for the $23 million conversion of the former East Liberty YMCA building into an Ace Hotel are moving forward. According to the Pittsburgh Post-Gazette, the city’s Urban Redevelopment Authority has recently approved a $75,000 facade grant for the upcoming 63-room hotel at 120 S. Whitfield St., which will include a restaurant, a ballroom and a fitness center. Construction will also be financed through $11.5 million in new markets tax credits.
Oxford Development Plans 299-Unit Apartment Community in the Strip District
A 299-unit apartment complex is slated to rise on the Allegheny riverfront in Pittsburgh’s Strip District. According to the Pittsburgh Post-Gazette, Oxford Development Co. is proposing the construction of a mix of one-, two- and three-bedroom units on four acres of land between 26th and 27th streets.
Mixed-Income Housing Community Breaks Ground in Pittsburgh’s East Liberty
Federal, state and local officials have joined nonprofit Community Builders, Inc. to celebrate the groundbreaking of a $14.2 million residential and commercial development in Pittsburgh’s East Liberty neighborhood.
Allegheny Center Apartment Community in Pittsburgh’s North Shore Up for Sale
The 800-unit apartment complex at Allegheny Center in Pittsburgh’s North Shore has been listed for sale. According to the Pittsburgh Business Times, the local office of CBRE is marketing the Pittsburgh Apartments property, which is owned by Allegheny Center Associates.
Third Trader Joe’s Store in Pittsburgh to Open at McCandless Crossing in 2014
Trader Joe’s will open its third store in the Pittsburgh area at the McCandless Crossing mixed-use development in the North Hills, the Pittsburgh Tribune-Review reports.
More Apartments Planned for the Strip District
As demand for apartments continues to be strong in the Pittsburgh region, Shadyside-based Schreiber Real Estate is planning the construction of a six-story residential building in the city’s Strip District. According to the Pittsburgh Post-Gazette, the 59-unit apartment complex will be located at Smallman and 11th streets near the David L. Lawrence Convention Center.
Penguins-UPMC Sports Complex Breaks Ground in Cranberry
Representatives from the Pittsburgh Penguins and UPMC have recently celebrated the groundbreaking of the 180,000-square-foot UPMC Lemieux Sports Complex in Cranberry Township. The Pittsburgh Business Times reports that the$79 million project will feature a new UPMC sports medicine clinic, as well as a two-rink practice facility for the famous hockey team.
220-Unit Apartment Project Advances in Upper St. Clair
A new 220-unit upscale multi-family development is slated to rise in the city’s Upper St. Clair suburb. According to the Pittsburgh Business Times, the project’s developer, a company affiliated with Bridgeville-based construction firm John Deklewa & Sons Inc., has recently been granted final approvals from the township’s municipality to move the project forward.
Penguins Choose Residential Developer for Former Civic Arena Site
The Pittsburgh Penguins hockey team has selected St. Louis-based McCormack Baron Salazar as the lead residential developer for the site of the former Civic Arena.