Pittsburgh Mayor William PedutoPittsburgh Reaches Agreement on Next Phase of North Shore Development
The plan includes the first residential development in the area between PNC Park and Heinz Field, new green space, and a new privately-constructed parking garage, city officials say.
November 04, 2019 at 06:07 AM
2 minute read
The original version of this story was published on Law.com
PITTSBURGH—The City of Pittsburgh, the Stadium Authority of the City of Pittsburgh, the Pittsburgh Pirates, the Pittsburgh Steelers and Continental Real Estate Companies reached a comprehensive agreement last week on a development plan for the remaining parcels on the North Shore between PNC Park and Heinz Field.
The plan includes the first residential development in the area between PNC Park and Heinz Field, new green space and a new privately-constructed parking garage, city officials say.
"Bringing housing to the North Shore has long been one of my goals, along with introducing new, fan-friendly and public green spaces to the area. I want to thank the Pirates and Steelers for their hard work with us on this," Pittsburgh Mayor William Peduto says.
The redevelopment will include an eight-story high-rise building with four floors of approximately 48 residential units, and four floors of retail and office space; a privately constructed 445-space, six-floor public parking garage, with approximately 72 spaces reserved for building residents and a public courtyard and green space with retail and entertainment components
The Stadium Authority board was expected to vote to extend the redevelopment deadline for Lot 2 on the North Shore to Dec. 31, 2024. The agreement also creates a final partnership agreement on surface parking spots for game day activities through the end of the stadium leases.
"This project, which will bring quality housing to the North Shore, along with new retail, entertainment, office space and a fan friendly mall experience, will be the capstone of our North Shore development," said Stanley Lederman, chairman of the Stadium Authority board.
Continental Real Estate has led the development of the area between PNC Park and Heinz Field, which has revitalized and transformed the entire North Shore. After the completion of this phase of the project, the development will consist of approximately 600,000 square feet of office space, more than 125,000 square feet of retail space across 15 different restaurants, 60,000 square feet of residential space, and more than 20,000 feet of public plaza and green space.
The development also includes Stage AE, a premier indoor/outdoor concert venue, and the Hyatt Place Hotel.
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