Real estate, housing and neighborhood news for the Greater Pittsburgh Metro Area.
Saturday, June 18, 2011
PNC To Build Green Downtown Skyscraper
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
Friday, June 10, 2011
New Section of Allegheny Trail Opens
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| Allegheny Passage Trail |
But Ms. Boxx also said that a goal of completing the last remaining section of the Great Allegheny Passage, the piece at Sandcastle Waterpark, by November is not going to be met. They just do not have all the funds. More than $1 million has been raised toward the estimated $3 million cost, and trail advocates are hoping Gov. Tom Corbett releases a $750,000 grant that state Sen. Jay Costa got added to the capital budget. Once the Sandcastle section is complete, there will be 150 miles of unbroken trail linking Pittsburgh with Cumberland, Md., where it joins the C&O Towpath to Washington, D.C.
A 10 a.m. ceremony next Friday will open the newest trail segment, which features views of the U.S. Steel Edgar Thomson Plant, Braddock Locks and Dam on the Monongahela River and even the Westinghouse Bridge over the Turtle Creek valley. The ceremony will officially open up the section where two bridges were erected last summer -- a 110-foot-long span in the RIDC industrial park in Duquesne that crosses three sets of Norfolk Southern Railway tracks, and a 170-foot-long bridge in Whitaker over six sets of tracks operated by Norfolk Southern and Union Railroad Co. The section already has had its unofficial debut, as bicyclists and walkers have been checking it out.
The new Whitaker bridge will be the site of the ceremony. Rather than cutting a ribbon, the celebrants will raise a ceremonial railroad crossing gate.
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