May 15 2015

Downtown Pittsburgh Continues On Strong Growth Trajectory

Developers announced about three dozen economic development projects totaling $526 million in Pittsburgh’s Greater Downtown in 2014, capitalizing on dramatic growth in recent years, according to a report released Thursday.

“With more than $5 billion of transformative investment in Downtown Pittsburgh over the last decade, Downtown is well-positioned,” said Jeremy Waldrup, president and CEO of the nonprofit Pittsburgh Downtown Partnership.

Mar 16 2015

10-Story Bethlehem Building Better Suited For Apartments, Developer Says

When Borko Milosev bought a 10-story office building in Bethlehem in December, he had new plans in mind.

Instead of offices, Milosev thought the upper floors of the Santander building on the corner of Elizabeth Avenue and Center Street were better suited for apartments.

“You have an unobstructed views all around it,” he said. “The views are absolutely gorgeous.”

Milosev and a business partner have submitted plans to the Bethlehem Zoning Hearing Board to turn the building’s six upper floors into 48 apartments. The four lower floors would remain offices.

http://www.lehighvalleylive.com/bethlehem/index.ssf/2015/03/10-story_bethlehem_building_be.html

Oct 10 2014

Four-Building SouthSide Works Project Unveiled

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Since arriving in Pittsburgh three years ago, Raleigh, N.C.-based Highwoods Properties has acquired iconic PPG Place and EQT Plaza, Downtown. Now it’s moving across the river — to build, not to buy.

The real estate investment trust has reached an agreement with the Soffer Organization to erect four office buildings at the 34-acre SouthSide Works complex on the last four parcels left for development.

Highwoods plans to start with a 158,000-square-foot glass office building on the Monongahela riverfront next to Hofbrauhaus restaurant. The six-story building would feature 30,000-square-foot floor plates, terraces, an 8,000-square-foot restaurant, locker rooms, bike storage, a 72-space parking garage, and direct access to the waterfront park, trails and marina. Other buildings would follow based on demand — about 400,000 square feet of office and retail space in all.

May 22 2014

Karabots Foundation Gives $7.5 Million Gift To Einstein Medical Center Montgomery

NORRISTOWN — A $7.5 million gift from the Karabots Foundation and Nicholas and Athena Karabots to Einstein Healthcare Network (EHN) was delivered Wednesday afternoon during a gala celebration under a white tent erected on Powell Street next to the newly renamed Nicholas and Athena Karabots Medical Building.

More than 150 physicians, nurses and top managers from EHN and Einstein Medical Center Montgomery (EMCM) came to celebrate the gift that benefits three buildings in the healthcare system.

“The first phase was cosmetic improvements to the common areas of the building including new carpet, paint, new lighting and ceiling tiles,” said Rich Montalbano, the project executive at Einstein Healthcare Network. “That was completed this winter. The second and third phases will occur over the next two years and include replacing the outdated central air conditioning systems and replacing the two elevators.”

Nov 23 2013

Casey Calls For Subway Extension To Navy Yard

Riders board Philadelphia’s Broad Street Subway on the Southbound platform of City Hall Station. (Photo credit: Wikipedia)

WHAT DO YOU get for the corporate hot spot that seems like it has everything?

How ’bout some underground transit?

U.S. Sen. Bob Casey called yesterday for extending SEPTA’s Broad Street subway line into the Navy Yard, given the area’s dramatic rebirth as a sprawling office park that’s home to about 10,000 workers.

Casey sent a letter to Brigid Hynes-Cherin, the Federal Transportation Agency’s (FTA) regional administrator, urging her to discuss the potential project with SEPTA, the Philadelphia Industrial Development Corporation (PIDC), the International Brotherhood of Electrical Workers Local 98 and the Philadelphia Building and Construction Trades.

Apr 25 2013

Allentown Arena Construction On Schedule, Mayor Is Pleased

English: City of Allentown from east side (Photo credit: Wikipedia)

Six years ago Allentown Mayor Ed Pawlowski, his city still smarting from losing the Sands casino to Bethlehem, first suggested that an arena might make a fine consolation prize.

Pawlowski on Wednesday, standing at the city’s $272 million arena complex, surrounded by dust and gravel, hard hats and heavy machines, looked downright satisfied.

With construction in full swing, steel and concrete rising from what was once a block of low-end stores and for a time just a muddy hole at Seventh and Hamilton streets, Pawlowski, media in tow, got his first tour of a project that he has been trying to make a reality for most of his time in office.

“It really is amazing when you think about going from the conceptual stage to something that is physically under construction,” Pawlowski said afterward. “I wanted to show the amount of planning that has really gone into this construction process.”

Apr 18 2013

Lancaster General’s $50 Million Project At Former Lancaster Family YMCA Site Moves Forward

After receiving approvals more than a year ago to build a new office building and a parking garage on the former Lancaster Family YMCA site, Lancaster General Health put the brakes on the project.

Now it’s full speed ahead.

Andrew Baldo, vice president of project developer Arcadia Properties, on Wednesday sought and received from the city Planning Commission a waiver of preliminary plan approval requirements.

The waiver allows the $50 million project to skip a step and moves it closer to having all approvals in place by late June.

Apr 9 2013

Baltimore City Council Approves Tax Break For New Apartments

Developers converting older office buildings into apartments or building new complexes could get a significant tax break under a measure the Baltimore City Council approved Monday.

The legislation is aimed at addressing a glut of vacancies in office buildings downtown, encouraging new or converted apartments in six other neighborhoods, and drawing new residents to the city.

The list of requirements to qualify for the tax break is short: The development must be in one of the seven areas, must be a project involving at least 50 apartment units, and must have an environmentally friendly certification. Supporters said this tax break would be more “predictable” for developers, who typically have to lobby City Hall for individual incentives.

“It can open up the development market to outside developers,” said Kirby Fowler, president of the Downtown Partnership of Baltimore, which lobbied for the credit. “Before, developers had to know the system in order to access some [tax] credits. It will create more predictability and transparency.”

Sep 8 2012

Fulton Bank’s Expansion Grows By 75 Percent

Plans for Fulton Bank‘s expansion near Lancaster‘s Penn Square may have been delayed by two years, but those plans have also increased in size by 75 percent.

The county’s largest bank now plans an eight-story office building, with a two-level underground parking garage at 23 E. King St.

Project planners on Tuesday provided no cost estimate for the 159.000-square-foot building which will replace the former Sovereign Bank building now on the site.

The building was originally slated for completion in 2013. In May, Fulton announced it would be begin construction next spring of a 91,000-square-foot, six story building that was due to be completed in spring 2015.

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