TribLIVE

| Business


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

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

Daily Photo Galleries

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.

 

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Mylan CEO Bresch sets sights on growth
  2. UPMC buying New Castle-based Jameson Health System
  3. 2 top executives at Dick’s Sporting Goods to retire
  4. U.S. Steel to restructure Canadian subsidiary, halt 2 U.S. expansion projects
  5. EPA extends comment period on power plant proposal
  6. Tobacco growers forced to find profits as buyout checks end in October
  7. American Airlines agents vote to join union
  8. Fed speculation fuels stock gains; Dow rises 100 points
  9. Pa. considers $300,000 plan to clean polluted site in Kennedy
  10. Envelopes in Marriott hotels invite tips for maids
  11. UPS expects to hire up to 95K seasonal workers
Subscribe today! Click here for our subscription offers.