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RECENT NEWS

Monday
Aug252014

Study: Pittsburgh ranks as healthiest residential market in the United States

Pittsburgh Business Times - August 25, 2014
By Tim Schooley

Pittsburgh beat out the California metros of San Jose, Santa Rosa, San Francisco and Los Angeles as the healthiest residential real estate market in the United States in a new ranking by Zillow compiled by the Motley Fool.

According to the ranking, fewer than 4 percent of Pittsburgh homeowners with a mortgage are in any state of delinquency, far and away the lowest on the list.

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Friday
Aug222014

Here are the details on the produce terminal proposals

Pittsburgh Business Times - August 22, 2014
By Tim Schooley

Mayor Bill Peduto and the Pittsburgh Urban Redevelopment Authority are considering three developer proposals for the Pennsylvania Railroad Fruit Auction & Sales building in the Strip District. Here’s a rundown of the options, as well as pros and cons of each as mentioned by Fourth Economy Consulting, which managed the Aug. 6 presentations of the plans to the public.

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Friday
Aug222014

'Unified' redevelopment proposal emerges for old Civic Arena site in Hill District

Pittsburgh Post-Gazette - August 19, 2014
By Mark Belko

Some of the region’s top political leaders are working on a unified plan to present to the Penguins in a bid to break the deadlock with the Hill District community over the redevelopment of the former Civic Arena site.

Consensus on a plan emerged during a two-hour political summit Monday convened by U.S. Rep. Mike Doyle, D-Forest Hills, and attended by Pittsburgh Mayor Bill Peduto; Allegheny County Executive Rich Fitzgerald; city Councilman R. Daniel Lavelle; state Rep. Jake Wheatley, D-Hill District; and state Sens. Wayne Fontana, D-Brookline, and Jay Costa, D-Forest Hills.

Mr. Peduto said afterward the politicians had agreed on the framework for a community agreement to be presented to the Penguins, with the specifics still to be put to paper. He described the meeting as a “big step forward in presenting a unified plan” to the hockey team.

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Friday
Aug222014

Demolition to begin at Station Square’s east warehouse

Pittsburgh Post-Gazette - August 22, 2014
By Mark Belko

Last call has arrived for Station Square’s east warehouse.

By Monday, it will be heavy equipment, not pulsating dance music, rattling the rafters at the longtime night spot that at one time or another housed the likes of Whim, Hooters, Saddle Ridge, Matrix, the Pittsburgh Sports Garden, Woodson’s All-Star Grille and Margarita Mamas.

Station Square owner Forest City Enterprise is demolishing the old red brick building as part of a plan to eventually add residential housing to the east side of its complex, now used almost exclusively for parking.

The Whim night club tried to block the demolition this spring, claiming the developer improperly terminated its lease. But Allegheny County Common Pleas Senior Judge Joseph James sided with Forest City, clearing the way for the razing.

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Tuesday
Aug192014

Pittsburgh eyes plan to resolve impasse over Hill District project on former Civic Arena site

Pittsburgh Tribune-Review - August 19, 2014
By Bob Bauder

Pittsburgh's top elected officials say they agree on how to get development of the Civic Arena site in the Hill District back on track before year's end. Now they need the Penguins franchise, which has development rights to the 28-acre property, and community groups to back the plan.

“(Leaders) want to see this development be transformational and go to the Middle and Upper Hill and for (residents) to have some wealth-building, jobs and housing that people can afford,” U.S. Rep. Mike Doyle, D-Forest Hills, said on Tuesday. A day earlier he hosted a meeting with city and county elected officials on the development plan.

Doyle and others who attended the meeting refused to offer specifics on how they propose to resolve an impasse between community groups and the Penguins that centers on the amount of cut-rate housing in the residential portion of the $500 million development. Retail shops and entertainment also are in the mix.

Officials at the meeting said talks focused on residents' concerns about jobs, affordable housing and minority- and woman-owned business participation in all phases of the development.

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