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| Artist's rendering of new Downtown project |
Millcraft Industries hopes to break ground on the $82 million Gardens at Market Square by Feb. 1. The development, straddling Fourth and Forbes avenues outside Market Square, will include 120,000 square feet of office space, 23,000 square feet of retail, a 176-room hotel and a 300-space parking garage.
Pittsburgh City Council gave preliminary approval to a financing plan for the new Downtown development but urged the developer to continue working to address neighbors' concerns with the project. Council approved an $8.1 million tax-increment financing plan despite objections from occupants of the nearby Benedum Trees and Investment buildings.
Occupants of Benedum Trees, noting their building will be only 5 feet from Millcraft's hotel, said they anticipated a greater separation and argued that adjustments to the developer's hotel configuration could provide additional breathing space.
The Urban Redevelopment Authority urged council to approve the financing plan. A handful of authority-owned buildings on Forbes -- stretching from the former George Aiken site to the former Fotohut -- will be demolished to make way for Millcraft's development.
Metro Pittsburgh Real Estate
Millcraft Industries Projects
