URA – Produce Terminal Building Redevelopment – Pennsylvania - Project Profile
"URA – Produce Terminal Building Redevelopment – Pennsylvania - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Urban Redevelopment Authority of Pittsburgh (URA) is planning to undertake the construction of a mixed-use community in Pennsylvania, the US.
The project involves the construction of mixed-use community. It includes the construction of 6,048m2 of retail space, 5,331m2 of open office space, 118 live-work apartments on 1,201m2 area and 1,364m2 of commercial space, parking space, leisure facilities, and related facilities.
The project also includes the extension of elevated dock creating pedestrian passages and construction of 280 parking spaces facing the Allegheny River.
The project will be funded with US$20 million from foundation grants and public subsidies and US$50 million from the McCaffery.
In September 2014, URA selected McCaffery Interests Inc. as developer and Rubino Partners as co- developer for the project.
In December 2014, URA authorized a 90-day extension to McCaffery Interests Inc. (McCaffery) and Rubino Partners to agree on a plan to overhaul the Strip District terminal.
In March 2015, URA applied for a Redevelopment Assistance Capital Program grant of up to $7 million funding.
On April 14, 2016, URA approved a long-term lease on the project site for US$2.5 million upfront fee to McCaffrey.
As of October 2016, URA secured US$4 million funds for the project.
Planning activities are underway.
The project involves the construction of mixed-use community in Pittsburgh, Pennsylvania, the US.
The US$70 million project includes the following:
1. Construction of 118 apartments
2. Construction of 6,048m2 of retail space
3. Construction of 1,364m2 of commercial space
4. Construction of 5,331m2 open office space
5. Construction of 18 live-work apartments on 1,201m2 area
6. Extension of elevated dock creating pedestrian passages
7. Construction of leisure facilities
8. Construction of 280 parking facilities
9. Construction of related facilitiesReasons To Buy
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