TribLIVE

| Business

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

2 hotels considered for South Oakland's Tech Center near $1 billion redevelopment

Email Newsletters

Click here to sign up for one of our email newsletters.

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.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

Wednesday, Oct. 9, 2013, 12:01 a.m.
 

A North Side developer wants to build two hotels in the Pittsburgh Technology Center on Second Avenue, just west of a former Hazelwood mill site that Almono LP is preparing for $1 billion in proposed redevelopment.

“That (Second Avenue) site alone merits the hotels, but the Almono project is really icing on the cake. It could greatly increase demand that is already there,” said Tom Rosselot, owner of Hotel d2 Services Group.

Rosselot is offering to buy a 1.6-acre site at the South Oakland technology park from Pittsburgh's Urban Redevelopment Authority for $1.6 million. The park is home to University of Pittsburgh and Carnegie Mellon University research facilities and laboratories and multi-tenant office buildings. The URA's board is scheduled to vote on the hotel offer when it meets Thursday.

Rosselot said he wants to develop the land in two phases, starting with a six-story, 135-room extended-stay hotel. It would be geared toward people looking to book rooms for at least four nights, he said.

Construction is expected to cost $16.5 million. Rosselot said he hasn't finalized a deal with a hotel company to run the facility, declining to comment on negotiations.

A second hotel could be built in a second phase. He did not provide specifics.

Almono, a collaboration between the Regional Industrial Development Corp. and four foundations, wants to develop riverfront housing, an environmental science center, a technology park and a mix of residential, office and commercial space. Grading work should be completed by early next year, RIDC President Don Smith said.

Also on Thursday, the URA board is expected to decide whether to enter into negotiations to sell other properties adjacent to the sprawling Almono site, both in the 4800 block of Hazelwood's Second Avenue.

ACTION-Housing Inc. of Pittsburgh and D.C.-based Telesis Corp. are considering redeveloping the Spahr Building there. It would house the Center of Life's Institute for Music, Art and Health, which is based a few blocks away but wants to expand, said Linda Metropulos, ACTION-Housing's housing and neighborhood development director. The groups also are eyeing a 1.5-acre site for what Metropulos said could amount to $30 million in residential and commercial development. The negotiations would last 90 days and 180 days, respectively.

Other measures the URA is considering include entering into or continuing talks about affordable-housing development by Trek Development Group Inc. in the Hill District and authorizing a $5.2 million loan for infrastructure improvements in East Liberty, including work that will convert Penn Circle North and West to two-way traffic.

Tom Fontaine is a staff writer for Trib Total Media. He can be reached at 412-320-7847 or tfontaine@tribweb.com.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Business Headlines

  1. Shell shovels millions into proposed Beaver County plant site
  2. Off-duty but on call: Suits seek overtime
  3. Extended oil slump takes toll
  4. When it comes to home ownership, Hispanics finding locked doors
  5. Muni bond funds stressed
  6. Companies hand out perks, benefits instead of pay raises
  7. Bond funds hold onto cash
  8. Tech Q&A: Why you should test your router
  9. Of Caitlyn Jenner and workplace restrooms
  10. Small business hangs on fate of Export-Import Bank
  11. $2-per-gallon gas expected by year’s end, but not in Western Pa.