PITTSBURGH | Development Rundown II - Page 110

Jonboy1983 · #**2181** Posted **Nov 23, 2012, 8:00 PM**

Quote:

Originally Posted by glowrock

Not to mention UPMC doesn't OWN the space, so property taxes and their non-profit exempt status doesn't mean anything in this situation. I do agree, if USS leaves their tower, then I have a feeling UPMC will lease up all of the remaining space, at least over time. I also agree with Austin that the only likely locations for them will be near-downtown (Arena site, Strip, etc...) or out by Dick's HQ near the airport. I don't see them going to Southpointe, Cranberry or anywhere else like that.

Aaron (Glowrock)

So if UPMC takes up the remaining space, such a move would not remove those floors of space from the tax grid?

In any event, such a move to Findlay would make sense for them logistics wise. On a related topic, I didnt' know they vacated the Big Apple to move closer to their mills in Western PA...

glowrock · #**2182** Posted **Nov 24, 2012, 12:21 PM**

Quote:

Originally Posted by Jonboy1983

So if UPMC takes up the remaining space, such a move would not remove those floors of space from the tax grid?

In any event, such a move to Findlay would make sense for them logistics wise. On a related topic, I didnt' know they vacated the Big Apple to move closer to their mills in Western PA...

Why would it? It's leased space, not owned. I don't see why this would remove anything from the tax grid, Jonboy1983.

Aaron (Glowrock)

markson33 · #**2183** Posted **Nov 24, 2012, 1:52 PM**

No, it would not be tax exempt. You could lease it to the government and they would still pay taxes.

Jonboy1983 · #**2184** Posted **Nov 24, 2012, 9:32 PM**

Quote:

Originally Posted by glowrock

Why would it? It's leased space, not owned. I don't see why this would remove anything from the tax grid, Jonboy1983.

Aaron (Glowrock)

Quote:

Originally Posted by markson33

No, it would not be tax exempt. You could lease it to the government and they would still pay taxes.

Ok guys. I don't feel so bad about that now.

Still, I would hate to see US Steel leave downtown, but a move to Findlay Twp would make sense from an operations standpoint if it means they'll be closer to their core of operations. As I said before, I read in the article that they were originally based in New York, but moved to Pittsburgh to be closer to their core of operations being the slew of steel mills in the region.

shakman · #**2185** Posted **Nov 26, 2012, 2:37 AM**

I finally got to take a decent walk up and down most of the streets within Downtown on Saturday night. PPG and Market Square were very festive. PPG's Wintergarden was fabulous. Within the Wintergarden, there was a WWE ring dispaly made from gingerbread crackers and frosting. In the ring it was Santa vs the Gingerbread Man. Gingerbread Man had Santa entangled on the ringside ropes. Frosty was the ref.

Question: While walking eastbound along Forbes, between Market Square and the Tower at PNC site, I noticed a number of structures being raised. What will replace these structures?

BrianTH · #**2186** Posted **Nov 26, 2012, 5:56 AM**

Quote:

Originally Posted by shakman

Question: While walking eastbound along Forbes, between Market Square and the Tower at PNC site, I noticed a number of structures being raised. What will replace these structures?

I believe you are referring to the future location of The Gardens:

http://forum.skyscraperpage.com/showthread.php?t=198237

shakman · #**2187** Posted **Nov 26, 2012, 2:16 PM**

Quote:

Originally Posted by BrianTH

I believe you are referring to the future location of The Gardens:

http://forum.skyscraperpage.com/showthread.php?t=198237

Yes. Judging from the renderings and photos from the thread of this project, this is the location. Thanks Brian.

bmust71 · #**2188** Posted **Nov 26, 2012, 8:36 PM**

Does anyone know more about the future development on an area adjacent to the Oliver building? It is an ugly building now but it is apparently supposed to be converted into a bunch of shops and a big garage and then a walkway that will stretch over the street connect it to the Oliver building.

BrianTH · #**2189** Posted **Nov 26, 2012, 10:10 PM**

Quote:

Originally Posted by bmust71

Does anyone know more about the future development on an area adjacent to the Oliver building? It is an ugly building now but it is apparently supposed to be converted into a bunch of shops and a big garage and then a walkway that will stretch over the street connect it to the Oliver building.

I hadn't heard about the walkway, although that makes sense since the owners of the Oliver Building (McKnight) are involved and want to use the new garage for parking for a planned upper-floors hotel.

Anyway, here are some articles on the project (note it has a large residential component, which also would absorb some of the new parking):

http://www.post-gazette.com/stories/...r-saks-657086/

http://www.bizjournals.com/pittsburg....html?page=all

http://triblive.com/news/adminpage/2...#axzz2DMxmaOBk

bmust71 · #**2190** Posted **Nov 27, 2012, 1:42 AM**

Quote:

Originally Posted by BrianTH

I hadn't heard about the walkway, although that makes sense since the owners of the Oliver Building (McKnight) are involved and want to use the new garage for parking for a planned upper-floors hotel.

Anyway, here are some articles on the project (note it has a large residential component, which also would absorb some of the new parking):

http://www.post-gazette.com/stories/...r-saks-657086/

http://www.bizjournals.com/pittsburg....html?page=all

http://triblive.com/news/adminpage/2...#axzz2DMxmaOBk

Thanks so much for the info. Where will the Oxford proposed tower/renovation be in relation to this?

BrianTH · #**2191** Posted **Nov 27, 2012, 2:07 AM**

Quote:

Originally Posted by bmust71

Where will the Oxford proposed tower/renovation be in relation to this?

The only thing between them on Smithfield is the Park Building, and this project (which I think of as being the "former Saks" project) will actually wrap around the Park Building in some fashion to a couple lots along Fifth, which in turn are actually right across the street from the Oxford project.

Note it is also right across Smithfield from the former Mellon Bank Branch, which is being renovated by PNC into offices, and those new office workers are also expected to help provide a market for the new parking.

Austinlee · #**2192** Posted **Nov 27, 2012, 1:42 PM**

^Since you're on the topic, I've wanted to say for a while: The Park Building is in my opinion the top candidate for a historic rehab in downtown! That building is sweet but the reclad is god-awful. Imagine that building restored. It would be a gem. Those statues near the top are incredible.

markson33 · #**2193** Posted **Nov 27, 2012, 5:18 PM**

Quote:

Originally Posted by Austinlee

^Since you're on the topic, I've wanted to say for a while: The Park Building is in my opinion the top candidate for a historic rehab in downtown! That building is sweet but the reclad is god-awful. Imagine that building restored. It would be a gem. Those statues near the top are incredible.

I absolutely agree. That building is beautiful and a diamond in the rough.

The owner has some of his other buildings for sale, but I doubt he will sell unless he gets above market value. He also owns the Diamond Building, Investment Building, The Carlysle and the former Union Bank Building.

Jonboy1983 · #**2194** Posted **Nov 27, 2012, 10:20 PM**

I've always wondered what was up with the cladding on the Park Building. Part of it is brick, but there this other stuff above and below the windows that doesn't look right. It would be nice if they could put some kind of ornamental brickwork back...

BrianTH · #**2195** Posted **Nov 28, 2012, 12:24 AM**

Completely agree about the Park Building. With all this activity along Smithfield and around Mellon Square, hopefully the economics are in favor of a renovation in the near future.

Found5dollar · #**2196** Posted **Nov 28, 2012, 1:11 AM**

Quote:

Originally Posted by Found5dollar

I figured it out myself. If anyone else is interested it is a new development called "Bovie House." 5730 Ellsworth Avenue. 4 floor, 4 storefronts, 15 apartments. opening this spring.

good info here:http://boringpittsburgh.com/business...ave-shadyside/

Project site here: http://boviehouse.com

Renders here:

I saw them start putting up the brick work on this yesterday.

Minivan Werner · #**2197** Posted **Nov 28, 2012, 3:26 AM**

Quote:

Originally Posted by Jonboy1983

I've always wondered what was up with the cladding on the Park Building. Part of it is brick, but there this other stuff above and below the windows that doesn't look right. It would be nice if they could put some kind of ornamental brickwork back...

I think I read on here that it was renovated in the 60s and there was an attempt to modernize it's look. Obviously it needs to be taken back to its original form as much as possible.