Pittsburgh
Chatham University to Start Construction on Green Academic Community
Chatham University has broken ground on the Eden Hall Campus, the first academic community in the world built from the ground up for sustainable development, living, and learning. Located in Richland on a 400-acre site once called Eden Hall Farm, the facility will be the second residential college campus in the North Hills of Pittsburgh and the first university in Northern Allegheny County. The institution has hired world-renowned Andropogon and BNIM to develop the Eden Hall master plan, while architecture firm Mithun will be in charge of building design. The project consists of an estimated $40 million investment in a carbon neutral, zero-net energy facility that will include high performance green buildings and the latest in sustainable land, energy, and water management techniques.
JV to Acquire Major Retail Portion of the Suburban Pittsburgh Waterfront
By Adriana Pop, Associate Editor A joint-venture between BIG Shopping Centers USA of Los Angeles and Chicago-based M&J Wilkow Ltd. has acquired 765,000 square feet of space at the Waterfront retail development, the second largest shopping complex in the Pittsburgh area. According to the Pittsburgh Business Times, county records indicate that the group of investors […]
Shell Proposes $7.6 Million Payment Plan to Beaver County
By Adriana Pop, Associate Editor Royal Dutch Shell has proposed a payment plan to Beaver County officials that could bring local entities $7.6 million if the company decides to build a massive ethane cracker facility in the region. According to the Pittsburgh Post-Gazette, Shell’s proposed development had threatened to deprive the Potter Township and the […]
ANSYS to Establish New Headquarters at Southpointe II Business Park
By Adriana Pop, Associate Editor Southpointe-based technology company ANSYS will establish a new headquarters at the Southpointe II Business Park, less than a mile away from its current 107,000 square-foot space. According to the Pittsburgh Business Times, the company has signed a 15-year lease for a new 186,000-square-foot building scheduled for completion in the fourth […]
SpringHill Suites by Marriott Opens in Latrobe
By Adriana Pop, Associate Editor Golfing legend Arnold Palmer and hospitality industry icon Bill Marriott have celebrated the opening of the SpringHill Suites Pittsburgh Latrobe hotel in Palmer’s hometown of Latrobe, PA. The 109-room, LEED-certified hotel is a joint venture between Palmer Hospitality, L.P., Concord Hospitality Enterprises and private investor Keith H. McGraw of Sewickley, […]
Bakery Square Expansion Plans Move Forward
by Adriana Pop, Associate Editor The city planning commission has approved a zoning change for the Bakery Square 2.0 mixed-use project planned for the site of the former Reizenstein School in Pittsburgh’s East Liberty section. A final approval is now expected from the city council. Plans call for more than 400,000 square feet of office, […]
Shaner Group Restarts Foreclosed O’Hara Condo Development
By Adriana Pop, Associate Editor State College-based Shaner Capital LP has restarted a 53-unit condominium project in the Allegheny riverfront development of Chapel Harbor in O’Hara Township. The former Marbella project was stalled after its original developer, the Zambrano Corp., filed for bankruptcy in 2009. The Pittsburgh Post-Gazette reports that the Shaner Group acquired the […]
ERT to Acquire Biomedical Company Invivodata
by Adriana Pop, Associate Editor Global technology company ERT purchased Pittsburgh-based biomedical company Invivodata, Inc. for an undisclosed amount. The acquisition positions ERT as a leader in Clinical Outcome Assessments. The transaction was facilitated by San Francisco-based private equity group, Genstar Capital LLC, which recently announced it has completed the acquisition of ERT. In June, […]
Pittsburgh Penguins, University of Pittsburgh Plan for Sports Complex in Cranberry
Adriana Pop, Associate Editor The Pittsburgh Penguins along with the University of Pittsburgh Medical Center (UPMC) are planning a joint practice rink and sports medicine complex in Cranberry. According to the patch.com, the proposed 150,000-square-foot complex would be located in the Summit of Cranberry Woods business park off Route 228, near Hilton Garden Inn. Penguins […]
Buncher’s $400M Mixed-Use Project in Strip District Passes First Test
by Adriana Pop, Associate Editor The Pittsburgh City Planning Commission has approved the establishment of a special planning district for Buncher Co.’s estimated $400 million, 37-acre mixed-use development in the Strip District. The project, called Riverfront Landing, will also need to go before the City Council for approval. Under the plan, Buncher is proposing at […]