This morning NAIOP Pittsburgh’s meeting featured the Penguins development team for the 28-acre former arena site. Pens COO Travis Williams, JLL’s KC Pelusi and Craig Dunham, owner’s rep for the project, presented the details of the multi-year project, which expects to include 2.5 million sq. ft. of residential, office and retail development. The first infrastructure piece is bidding now. While it’s too early for this project to be signing any deals (at least so far), other commercial developers are reporting increased deal interest since the election.
At WesBanco’s Southpointe branch ribbon-cutting on Tuesday evening, Jim Scalo reported that construction would start on December 1 on the third building at Burns & Scalo’s Zenith Ridge development in Southpointe. Clayco is the construction manager for the 150,000 sq. ft. spec office. Clayco is about to get underway with an operations/distribution center for Walgreen’s in the RIDC Park West.
Interest in RIDC properties is higher. In addition to the deals in the Parkway West, users Paragon Foods and Burns Equipment should be building new facilities in Thorn Hill in spring.