Pittsburgh
Shell Evaluates Site in Beaver County to Build $3.2B Gas Processing Facilities
by Adriana Pop, Associate Editor Shell Oil Co. is assessing whether to build a multibillion-dollar petrochemical complex that would process gas locally produced from the Marcellus Shale in Appalachia. Shell said it would reach a decision in 18 to 24 months. Shell Chemical LP signed a land option agreement with Horsehead Corp. in March to evaluate a […]
Oxford Development Unveils Redevelopment Options for 350 Fifth Avenue
by Adriana Pop, Associate Editor Oxford Development Co. announced plans for the redevelopment of its six-story building at 441 Smithfield Street, one of the company’s owned assets. Rebranded as 350 Fifth Avenue, the new Class A office property will feature upscale retail and restaurant space. In order to better suit market demands, Oxford has invested […]
Construction on PNC Financial’s $400M HQ to Begin
by Adriana Pop, Associate Editor Demolitions of nine buildings in the east block of Wood Street clear the path for the construction of PNC Financial Services Group’s $400 million headquarters. The 33-story office tower will be located on the Southeast corner of Fifth Avenue and Wood Street, the same Pittsburgh intersection where PNC has been […]
Phipps Conservatory’s Certified Living Building Opens in Pittsburgh
by Adriana Pop, Associate Editor The Center for Sustainable Landscapes is scheduled to open at Phipps Conservatory and Botanical Gardens on May 23. It will be one of the world’s first certified living buildings. The 24,350-square-foot facility is the centerpiece of Phipps Conservatory and Botanical Gardens’ $20 million Phase III expansion project. The expansion is meant to […]
City Opens $13.4M South Shore Riverfront Park
by Adriana Pop, Associate Editor City officials joined development stakeholders and community partners to celebrate the opening of the 3.2-acre South Shore Riverfront Park at the Monongahela River shoreline. The $13.4 million project is developed on the former LTV steel industrial site. The urban park was funded with approximately $10.6 million in federal, state and local […]
Carnegie Mellon University Finalizes $500M Master Plan
By Adriana Pop, Associate Editor Carnegie Mellon University’s new master plan for its campus has been approved by City Planning officials. The plan includes the development of five key projects over the next 10 years, at an estimated cost of $500 million. The Pittsburgh Business Times reports that the first development proposes a $70 million […]
Action Housing Develops Western Pennsylvania’s First Passive House
by Adriana Pop, Associate Editor
Action Housing Inc. is developing the first Passive House in western Pennsylvania.
Passive Houses are extremely energy efficient buildings that save space heating costs while preserving high indoor air quality.
The 1,800-square-foot home will be developed according to Passive House standards, a German system of constructing airtight buildings that need little or no […]
Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners
by Adriana Pop, Associate Editor
BGC Partners Inc., a New York financial services firm, has received the bankruptcy court’s approval to acquire substantially all the assets of Grubb & Ellis Co., the fifth-largest commercial property manager in the Pittsburgh region according to the 2012 Pittsburgh Business Times Book of Lists.
On Feb. 20, Grubb & Ellis listed […]
U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M
by Adriana Pop, Associate Editor
Children’s Hospital of Pittsburgh plans to develop a four-story, 60,000-square-foot medical complex in South Fayette Township. According to the Pittsburgh Business Times, the facility will include an urgent care clinic, an imaging center, and other specialized pediatric services.
The South Fayette Township Board of Commissioners named the University of Pittsburgh Medical Center […]
Shell Announces Possible Ethane Cracker Plant Location
by Adriana Pop, Associate Editor
Shell Chemical LP signed a land option agreement with Horsehead Corp. to evaluate a site in Beaver County, where it could build a multibillion-dollar ethane cracker plant.
The Shell subsidiary chose a 300-acre area near Monaca, in close proximity to the Conway Railyards and approximately 15 miles from the Pittsburgh International Airport.
“This is […]