TribLIVE

| News

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

URA approves plan for Saks property

Email Newsletters

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

Daily Photo Galleries

'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.

By Bobby Kerlik
Thursday, Sept. 12, 2013, 8:36 p.m.
 

The Urban Redevelopment Authority approved a plan Thursday to build a 600-space parking garage with street-level retail space on the land where the former Saks department store stands.

The first phase involves demolition of the Saks building at the corner of Smithfield Street and Oliver Avenue and building 25,000 square feet of retail space at street level with the garage on top of it.

Demolition will begin in January, with the garage and retail space completed in 2015, said Brian Walker, CFO of Millcraft Industries Inc., one of two companies partnering with the URA for the $35.3 million project.

“We're trying to create a really awesome mix of tenants,” Walker said. “We're definitely excited by the project. It makes sense for us.”

Walker said they had a letter of intent for one tenant who plans to use 10,000 square feet of the space, but he declined to identify the business.

The structure will be fortified to allow for additional stories to be added. Walker said that could include residential or commercial space. The current plans call for the structure to reach about six stories, nearly the same height as nearby Piatt Place.

URA spokeswoman Gigi Saladna said the resolution passed unanimously.

Millcraft is partnering with McKnight Realty Partners and the URA on the project. The URA will own a portion of the project because the agency is contributing the land. The URA acquired the property for $4 million after Saks closed its store there in March 2012.

The authority will seek to dedicate 75 percent of the parking taxes paid in the garage for 20 years to help pay for the project. That is expected to generate about $6 million, Walker said.

Bobby Kerlik is a staff writer for Trib Total Media.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Police: Escaped Armstrong County inmate armed, dangerous homicide suspect
  2. Pirates bolster bullpen by trading for former closer Soria
  3. Pirates’ Burnett endures another poor start in blowout loss to Reds
  4. Inside the Steelers: Rookie linebacker Chickillo continues to excel
  5. Steelers’ reserve quarterbacks vie to secure spot behind Roethlisberger, Gradkowski
  6. Warrant issued for man accused of killing Brookline woman
  7. Steelers stress improved conditioning in attempt to play past injuries
  8. Pirates notebook: Blanton introduced; Worley designated for assignment
  9. Emails among Governor Wolf’s aides reveal concern over AG Kane
  10. Heyl: Longtime disc jockey Jimmy Roach to turn dismissal into brighter times
  11. Steelers notebook: Tomlin says Latrobe session won’t differ from normal practice