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Salvation Army site on boulevard could become hotel

| Monday, March 24, 2014, 11:44 p.m.

Downtown could get another hotel.

Greenway Realty Holdings of New Jersey has purchased the Salvation Army building on the Boulevard of Allies and is considering turning it into a 125- to 130-room boutique hotel, according to Boutique Hotel News, a trade publication.

Scott Schroeder and his partner, Victor Alfonso, said they “literally stumbled” across the property last spring while in Pittsburgh investigating a separate hotel deal. Schroeder said the property has the potential to be turned around and brought back to life.

Greenway, under Four 424 Third Avenue Pittsburgh LLC, paid the Salvation Army $2.16 million for the building and nearly $800,000 for an adjoining parking lot. The building was built as a hotel for young women in 1924, and includes a chapel, swimming pool, basketball court and theater.

The Salvation Army vacated the building several years ago and moved to the Carnegie Business Park in Carnegie.

Four Downtown hotels are under development: the Hotel Monaco in the former Reed Smith Building; a Drury Inn and Suites in the Federal Reserve building; an Embassy Suites in the upper floors of the Oliver Building; and the new Hilton Garden Inn in Gardens at Market Square.

Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.

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