PNC purchased three lots from the Urban Redevelopment Authority, the last in a series of properties needed to build a 40-story, $400 million office tower that will incorporate the latest green building principles. PNC paid $1.1 million for the three lots and the project is being hailed as evidence of Pittsburgh's progress in the face of national economic woes.
Occupying the three lots now are worn buildings that URA executive director Rob Stephany called some of Downtown's "biggest liabilities." Construction is scheduled to begin next year and be completed by mid-2015. The building will occupy a block on Wood Street in the Fifth and Forbes Avenue corridor and create much-desired temporary and permanent jobs.
Metro Pittsburgh Real Estate
PNC Bank
No comments:
Post a Comment