Developer seeks $30 million in state funds for Oakland Portal
Friday, February 1, 2008 at 12:00PM Developer seeks $30 million in state funds for Oakland Portal
Pittsburgh Business Times - February 1, 2008
By Ben Semmes
Project could include offices, hotel, condos, student housing
The developer of the proposed mixed-use Oakland Portal project is seeking roughly $30 million in state government assistance, according to a state legislator who recently was briefed on the plans.
Sen. Wayne Fontana, a Brookline Democrat whose district includes part of the site at the western edge of Oakland, said he plans to work with Green Tree-based FWG Real Estate Inc. to file a funding proposal early this year. Fontana and FWG will petition for the funds in the state's capital budget to support infrastructure and parking for the project.
A tentative site plan, prepared last spring by Downtown-based Perkins Eastman Architects and obtained by the Business Times, shows 700,000 square feet of office space, two new garages containing 2,100 parking spaces and a hotel and conference center, as well as an unspecified number of condominiums and student housing units. Fontana said FWG hopes to begin construction this year.
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