Press & Awards
Local ULI Awards and Acknowledgements
2016 Placemaking Honoree Highlights Cultural District Development
“The trust has been formulating a new development plan for the site after reaching the end of a longstanding legal dispute last year with Concord Eastridge, the development firm it previously had worked with to build out a $460 million mixed-use project called RiverParc on the site.
The subject came up during a luncheon for the 4th Annual Placemaking Awards for Excellence, sponsored by the Urban Land Institute Pittsburgh.
ULI Pittsburgh named the Pittsburgh Cultural Trust and The Heinz Endowments its 2016 Placemakers, for their lasting contribution to downtown in developing the Cultural District, turning what had long been a derelict stretch of the central business district into an arts mecca of theaters, galleries, restaurants and shops…”
Read more from article by Tim Schooley of the Pittsburgh Business Times.
Roundup Speakers Make News
“Barry Ford, president of development for Continental, told a breakfast meeting Tuesday at the Rivers Club that Continental is in talks with the city about developing a new apartment building on a site at the corner of North Shore Drive and Mazeroski Way near PNC Park. Ford was one of five panelists who spoke as part of the ULI’s real estate round-up, along with Kevin Acklin, the chief development officer for the City of Pittsburgh.
Ed Shriver, a principal for Strada Architecture LLC, who attended the event, said the site could handle a few hundred units and that numerous design formats have been considered for the location. A key factor for whatever project goes on the site will be parking…”
ULI Pittsburgh 2014 Writeup in the Pittsburgh Business Times
“After years of reluctance and caution, the national real estate industry is beginning to feel positive again.
That’s the main thrust of the Urban Land Institute’s Emerging Trends report for 2014, which was discussed in both macro and local detail Thursday at a breakfast at the Westin Convention Center Hotel in downtown Pittsburgh.
“Everybody was generally upbeat this year,” said Andrew Warren, of PwC, and one of the authors of the annual ULI study.
With little built during the recession years, Warren sees a lack of product in nearly all property times leading to new development in the year to come, whether it’s multifamily, office or industrial or distribution space.
Pittsburgh real estate professionals that participated in a panel discussion over the Emerging Trends report see plenty of positive outcomes to look to as well as some challenges…”
2013 ULI Urban Innovation Grant
The Urban Land Institute announced recipients of its Urban Innovation Grant at the national Fall Meeting in Chicago, IL on Tuesday, November 5, 2013. Among awardees was ULI Pittsburgh, whose partnership with the Regatta at Lake Arthur will create a template for healthy usage of open spaces and parks to be test-piloted through the enhancement of the Regatta’s 16th annual event (Moraine State Park – Portersville, PA), scheduled for August 2 and 3, 2014.
With the help of experienced ULI Pittsburgh members, Regatta Leadership and Moraine State Park will focus on:
- Identifying best uses of the Regatta’s existing resources
- Promoting eco-recreational activities (sail, bike, row, bow, fish, cache, play)
- Increasing availability of healthful food options and educational opportunities
Moraine State Park has an impactful story that draws thousands from the region to the 16,725 acre park, including the 3,225 acre Lake Arthur, with over 40 miles of scenic shoreline. The Regatta at Lake Arthur seeks to showcase this regional treasure through its mission: “to be the premiere, all ages, eco-recreational event in the region.” This is a natural tie to the mission of the Urban Land Institute, which is “to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.”
With a health-minded focus, Regatta Leadership will welcome involvement from ULI Pittsburgh, as they seek to investigate opportunities for the region to further engage with the diverse recreational offerings available at Moraine State Park. Ideally, this model can become, not only a way to enhance the Regatta, but a catalytic force for surrounding areas, able to be reproduced and adapted to nearly any open space.
“ULI Pittsburgh is honored and excited to get involved at the State Park level,” says District Council Chairman, Louis Oliverio. “Realizing that health is a core component of thriving communities, serving in an advisory role with the Regatta at Lake Arthur will offer a unique opportunity to implement our newly launched Building Healthy Places Initiative in a way that is natural and exercises our commitment to the best in land use policy and practice.”
We will be seeking out interested ULI Pittsburgh members to join us in enhancing the 2014 Regatta as part of the Building Healthy Places Initiative. If you would like to participate, please contact Holly Muchnok at (412) 370-8583 or firstname.lastname@example.org.
To read more about the 2013 Urban Innovation Grant winners, visit http://www.uli.org/press-release/2013-urban-innovation-grants/
TREK Development Group / The Century Building
2012 Jack Kemp Workforce Housing Models of Excellence Award
The Century Building, developed by TREK Development Group, is a former office building in downtown Pittsburgh’s cultural district that has been transformed into a mixed-use, mixed-income property consisting of 19,742 square feet of commercial space and 60 rental apartments: 28 affordable units, and 32 workforce units. TREK partnered with the Pittsburgh Cultural Trust, the Heinz Endowment, the RK Mellon Foundation, the Urban Redevelopment Authority of Pittsburgh and the Allegheny County Department of Economic Development to make The Century Building a reality. The large funding commitments and the City’s emphasis on green design allowed for an impressive combination of historic preservation and environmental efficiency, all within a thriving arts district proximate to transit and employment centers.
The project not only provides affordable and workforce housing for Pittsburgh’s young professionals, but helps to ensure that downtown neighborhoods remain vibrant and accessible. TREK Development’s extensive partnerships with philanthropic, private and nonprofit organizations, illustrates the breadth of community support for this project.
The Eastside / Phases I and II
2011 Award for Excellence: Americas
The Eastside Project was recently announced as one of the winners of the 2011 Urban Land Institute Award for Excellence. The Award for Excellence recognizes outstanding development projects and is widely considered the land use industry’s most prestigious recognition program.
The Eastside Project transforms a patchwork of 14.3 acres of distressed land in the heart of Pittsburgh’s east end into a zipper development that borrows economic strength from the affluent neighborhoods, of Shadyside, Friendship and Highland Park to fuel the redevelopment of East Liberty, a commercial center plagued by a 40 year slide into decline. Eastside’s five phases have strategically built a new market, with each phase’s buildings, infrastructure, and new businesses redefining expectations of what East Liberty could become. The development achieves higher density per acre by building a two-level retail commercial environment, using grades and a deck to create two “ground levels,” which make the market connection between the previously isolated business districts. Eastside Phases I & II are complete, tenanted, and operating. Eastside V (Target), co-anchor of the Eastside strategy is opened in July 2011 while Eastside III & IV (Transit Gateway) are in the advanced planning and marketing stages.
The first phase of Eastside began with anchor tenant Whole Foods Market which displayed instant success opening to almost three times sales projections. The store is clocking over 20,000 register transactions a week on a site believed to be too urban and risky to support retail activity. It took three more years of strategic marketing and continued sales growth at WFM to capitalize on this first win and to ignite retailer’s interest in the development of Phase II. Eastside Phase II, a mixed-retail center, is anchored by tenants including Walgreens, Starbucks, the region’s top grossing Wine & Spirits store and two of the City’s top 25 restaurants ranked by Pittsburgh Magazine. Eastside I & II provided irrefutable market-based evidence that the zipper strategy could work, leading the way to a pledge by Target to build the first big-box discount store in the City of Pittsburgh. The emerging high-value tenant mix and market strength has fueled tenant interest in housing and Class-A office for the final phase of the Eastside Project.
The Cork Factory, Pittsburgh PA
2009 Award for Excellence: Americas
“This industrial site lay vacant for more than three decades. The Cork Factory is a meticulous rehabilitation of the former Armstrong Cork Factory. With 297 riverfront apartments and over 43,000 square feet of retail space, this historic renovation has led the residential and retail resurgence of Pittsburgh’s historic Strip District.” – Best Practices in Development, ULI Award Winning Projects.