TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

250-room luxury hotel to be built in Sixth Avenue building Downtown

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Related .pdfs
Can't view the attachment? Then download the latest version of the free, Adobe Acrobat reader here:

Get Adobe Reader
Wednesday, June 12, 2013, 12:01 a.m.
 

A 250-room luxury hotel could open Downtown next summer in a building that once housed law offices, architects for the project told the Pittsburgh Planning Commission on Tuesday.

The Kimpton Hotel chain plans to open a Hotel Monaco in the nine-story James Reed Building, which the Reed Smith law firm vacated in 2009 when it moved to Three PNC Plaza. Developer PMC Property Group bought the 435 Sixth Ave. building last year for $5.5 million.

Officials said they welcome a hotel.

“More product is always good for the marketplace,” said Rick Strunk, executive director of the Greater Pittsburgh Hotel Association. “The more supply, the more groups we can attract.”

Among recent hotel openings, the 136-room Hyatt House Pittsburgh South Side hotel opened on April 23.

At the end of April, the Pittsburgh metro market had 215 hotels, with 24,565 rooms combined, and occupancy this year was just less than 58 percent, according to VisitPittsburgh.

Sean Beasley and Kevan Rutledge, with the Pittsburgh architectural firm Strada, said Hotel Monaco will offer a restaurant accessible to the public, rooftop patio and a fitness center. Its main entrance will be along William Penn Place.

Beasley said the project's cost is undetermined.

Sewickley native Ethan S. Fellheimer, with Philadelphia-based developer Red Rocks Group, told planners he hopes his project to convert an office building at 121 Seventh St. into 40 loft apartments will be the first of several in Pittsburgh.

“I like Pittsburgh very much,” Fellheimer said.

Fellheimer would not say how much his company is spending to buy the building from MA Associates of Pittsburgh. Paperwork filed with the commission put the project price tag at $4.2 million. Red Rocks will renovate the lobby and construct apartments on the second through sixth floors. Bosa Nova restaurant will remain in the building.

Fellheimer said construction should be finished by March or April.

Bill Vidonic is a staff writer for Trib Total Media. He can be reached at 412-380-5621 or bvidonic@tribweb.com.

 

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Mini goes mainstream
  2. First Niagara sets aside $45 million
  3. Faulty air bags in 30M vehicles
  4. Toyota Yaris adds French flair for ’15
  5. Bond mutual funds continue to carry their weight
  6. Amazon investors’ patience wears thin
  7. Motoring Q&A: ‘Check engine’ light doesn’t reset itself
  8. Stocks rise broadly on earnings; Amazon sinks
  9. EQT Corp. boosts profits despite lower gas prices
  10. Sell-off reins in complacency
  11. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
Subscribe today! Click here for our subscription offers.