This year’s installment of ULI Pittsburgh spring tradition, Real Estate Roundup, offered an inside look at how Pittsburgh’s real estate market will continue to develop. Held on May 9 at the Rivers Club, nearly 100 attendees gathered for a program featuring moderator & sponsor Kevin McKeegan – Partner, Meyer, Unkovoic & Scott and featured panelists Sandie Egley – Commissioner, Beaver County; Dan Gilman – Chief of Staff, Office of Mayor William Peduto; and Mark Popovich, Senior Managing Director, HFF, who offered insights on capital market and development in Beaver County & Downtown Pittsburgh.
Popovich focused on changes in capital markets, stressing a positive correlation between employment growth and commercial value, illustrating that employment drives real estate. Click here to view his PowerPoint Presentation. Next, Egley discussed how the Shell Cracker Plant is transforming Beaver County. This $6 billion investment is the largest in the United States in 6 years and is located near the interstate, railroads, and the river, making it an ideal spot for development and causing a drastic increase of traffic to the county. Finally, Gilman emphasized the changing downtown landscape due to an increased millennial population which demands direct access to clean air, clean water, public transit, public parks, and bike lanes. Gilman closed by stating that Pittsburgh is poised to be a model city due to our natural and economic resources which will influence the region as a whole.
Thank you to our speakers and event sponsor Meyer, Unkovic & Scott.
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