The development boom in the city center is showing no signs of abating.
Whether it’s in urban living, where three-quarters of the residents are relative newcomers, or light-rail transit usage, which saw an increase last year thanks to the new North Shore Connector, or reports of yet another hotel in the works, Downtown’s fortunes continue to be on the rise.
At least that appears to be the case based on a new Pittsburgh Downtown Partnership report measuring economic activity in and around the Golden Triangle last year. The “State of Downtown Pittsburgh 2013” details a number of encouraging trends, from the widely reported bump in residential and office space demand to an increase in the number of building permits issued for improvements last year.
Overall, the partnership counted 60 projects totaling more than $2.2 billion that have been announced or are under construction in the city’s core and fringes, including the 33-story, $400 million Tower at PNC Plaza on Wood Street, which is scheduled to open in the summer of 2015.