Wrapping Up the Week with RACP

Last week’s announcement of the first round submissions for Redevelopment Assistance Capital Program (RACP) grants included applications for assistance on a number of the region’s high-profile projects, including the ALMONO development, $100 million Union Trust renovation and Oxford’s 350 Fifth Avenue office tower. There were also some surprises.

While the zoo has been quietly doing some smaller expansion projects over the past year, the RACP submission included a grant to help with the Pittsburgh Zoo’s $30 million expansion program. Another project that had been advancing under the radar is Robert Morris’s new convocation center.

There were also several hospital projects on the submission list, which is fairly unusual and an indication of how the healthcare industry hopes to fund some of its capital needs that lead to job creation. Both UPMC and AHN had projects in the RACP pipeline. The former applied for funds for a $5 million OR-14 at Children’s Hospital. AHN applied for $9.1 million for a NICU at West Penn Hospital.

RACP grants will be made later this year. Most of the big project grants will go towards construction that will occur in 2016 or later.

Among the projects getting under construction, Mascaro has started on Chevron’s 120,000 sq. ft. TI at 700 Cherrington, which is space that will house its reduced shale workforce for now. Marco Contractors was awarded the new CVS store in Greensburg. Franjo was selected as the contractor for $6 million Bobby Rahal parking garage in Shadyside. PJ Dick’s small projects group started work on the Whole Foods shell and the 125-car garage at the Siena development in Upper St. Clair. Hillcrest Academy has narrowed the field for its $1.8 million classroom addition to Rycon & Bear Construction. Rycon was the low contractor on the $2 million CMU INI facility.

The bump in new work hasn’t shown up in slack bidding just yet. In northern WV, where work has been brisk, bids came in on top of each other for the new residences at Fairmont State. Massaro was low at $28,803,000 with Nello second at $29,597,000 and Yarborough and Manheim tied at $29,946,000.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s