Developer to buy Shoppes at Northway, vacant school for possible commercial project
An Ohio developer is purchasing Shoppes at Northway in Ross and the vacant Northway Elementary School next door and expects to reveal plans for the two properties early next year.
Levey & Co. of Akron, Ohio, expects to complete the purchase of Shoppes at Northway by this weekend.
On Wednesday, Levey filed an application with the township to rezone the 6-acre vacant school next door from residential to commercial.
Levey has a sales agreement to purchase the school from the North Hills School District for $2.46 million. The school board approved the purchase in June.
“We will eventually demolish the school building and integrate that site into the total master plan of development,” said Kevin Fallon, Levey's vice president development.
“We are kicking around a lot of possible development ideas for the mall and the school site, but no master plan has yet been developed,” he said.
He confirmed that some thought is being given to including a hotel there.
A hearing on the rezoning will be held on Dec. 20 by the township, said Dennis Schack, building inspector.
The mall's tenants at 8000 McKnight Road include Dick's Sporting Goods, Marshalls, PetSmart, Shoe Carnival, Aldi, Mamma Lucia restaurant, a T-shirt shop Rock America, and Northway Shoes & Repair.
“At a public meeting with the community on Dec. 5 at 7 p.m., we will discuss the school but will not discuss any plans for the Shoppes,” Fallon said.
Shoppes at Northway is owned by Jefferson-Pilot Investments Inc. of Greensboro, N.C., which acquired the complex at a sheriff's sale in May for $1,597, according to Allegheny County records.
The previous owner was Northway Group LP, which purchased the property in 2000 for $24.2 million. The ownership included as a partner McKinney Equity Management Corp., according to state records.
The change in ownership was a result of a foreclosure lawsuit filed by Jefferson-Pilot against Northway Group for failing to pay $23.7 million owed to Lincoln National Life Insurance Co., the main lender on the property.
Compass Advisory Partners LLC was selected by Allegheny County Common Pleas Judge Christine A. Ward as receiver for Shoppes.
The shopping center opened as a strip mall in 1953. In 1962, an enclosed portion was added above the existing strip center, becoming the first indoor mall in Western Pennsylvania.
The original mall included an aviary, which was removed in 1994. In 1995, the mall was renovated by McNeil Real Estate of Dallas, which owned the center at that time.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Steelers are in familiar territory going into training camp in Latrobe
- Truck crashes into Dairy Queen, five injured in Penn Hills
- Rossi: Johnston must reach Malkin in Moscow
- West Virginia county hears arguments on proposed smoking ban
- City, Jordan Miles continue fight over legal costs
- Beaver DA believes girls might have lived had dad responded faster
- MSA Safety posts drop in profit
- Friday’s scouting report: Pirates at Rockies
- Scientists: Earth in midst of 6th ‘mass extinction’
- New Penguins coach to meet with Malkin
- Poverty programs would be merged