| Business

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

U.S. Steel won't discuss skyscraper move proposal

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.

Tuesday, Oct. 29, 2013, 12:01 a.m.

U.S. Steel declined on Monday to address speculation that it is no longer interested in becoming an anchor tenant at a proposed $238 million skyscraper on Smithfield Street.

“We're still exploring options and have nothing to announce at this time,” U.S. Steel spokesman Chuck Rice said in an email, declining further comment.

The steel giant's name surfaced as a potential anchor tenant when Oxford Development Co. unveiled plans in May 2012 to either build a 33-story office tower between Fifth and Forbes avenues or spend $40 million renovating an existing seven-story building there instead.

U.S. Steel's lease at the U.S. Steel Tower at 600 Grant St. expires in 2017.

To make the new skyscraper work, Oxford said it needed an anchor tenant to occupy at least 40 percent of the proposed 772,000-square-foot tower. Lacking one, Oxford said it would pursue the renovation.

Tenants who had been in the existing building at 441 Smithfield St. have moved out.

Sam Spatter contributed. Tom Fontaine is a staff writer for Trib Total Media.

Subscribe today! Click here for our subscription offers.




Show commenting policy

Most-Read Business Headlines

  1. CMU showcases its lengthy list of fledgling companies at venture event
  2. Miata leaves cutesy behind for sleek
  3. Stocks wrap best week of year with slight gains
  4. Uncle Charley’s Sausage expands sales to Maryland, Virginia
  5. Credit bureau Experian keeps info on cellular firm’s customers
  6. ZeroFossil Energy Outfitters powers up with renewable sources
  7. Sluggish wage growth may sap retail spending during winter holidays
  8. Other segments nudge Alcoa to slim profit
  9. Last-minute China worries derailed Fed’s rate hike plans, minutes reveal
  10. Rice, Gulfport team on Utica shale pipeline system
  11. Bear sharpens claws on ‘old Pittsburgh’