TribLIVE

| Home


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

Developers for Pittsburgh's Saks property identified by URA

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.

Daily Photo Galleries

Wednesday, Oct. 10, 2012, 6:12 p.m.
 

Pittsburgh's Urban Redevelopment Authority is expected to vote on Thursday to start negotiations with a pair of developers who would transform the former Saks Fifth Avenue store, Downtown, into a parking garage with retail and residential space, an official said.

The development partners are Downtown-based McKnight Realty Partners and Millcraft Investments in Washington County, said Robert Rubinstein, URA's acting executive director.

Pittsburgh Parking Authority also would be involved in the talks, which could last up to 150 days if a 60-day extension is approved, Rubinstein said. If successful, construction could begin 12 to 18 months after talks end, he said.

“This agreement gives us all the flexibility to try to put what are some great conceptual ideas and flesh them out in terms of costs, structure of ownership and rules of ownership,” Rubinstein said.

Officials have discussed building a 400- to 600-space parking garage at the site, with retail space at ground level. Rubinstein said the proposed development also includes a 101-unit residential development above the retail and parking space.

It's unknown how many levels of parking would be located below ground and how many would be above.

Rubinstein said URA board member Bill Rudolph will not participate in the board's discussion of the proposed project or vote on it, because he is a principal in McKnight Realty Partners.

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

 

 

 
 


Show commenting policy

Most-Read Stories

  1. Red Wings rally, shock Penguins in overtime
  2. Predators winger Neal caught ‘blindsided’ by trade from Penguins
  3. Rossi: Middling Steelers must make a statement
  4. Steelers free safety Mitchell is still settling into role on defense
  5. Report linking field surface to cancer elicits Mt. Lebanon protest
  6. Steelers’ Adams delivers in pinch against Texans
  7. Former Ligonier Township supervisor accused of abusing position, viewing porn on the job
  8. Queen sends first tweet, signed ‘Elizabeth R’
  9. Man shot, killed after leaving Elliott bar early Friday
  10. House has Pitt defense trending in right direction
  11. Ferrante cyanide trial to resume Friday with doctors, investigators on stand
Subscribe today! Click here for our subscription offers.