Pittsburgh's North Shore
A recurring theme in the Continental Real Estate Companies story is the value of relationships. Time spent with new partners confirms our ability to deliver and return value as promised. We always seek to turn these new relationships into long-term collaborations.
As developer of record, and in partnership with the Pittsburgh Steelers and Pittsburgh Pirates, Continental is leading the planning and execution of mixed-use development on Pittsburgh’s North Shore. As of spring 2013, over $125-million in development has been completed. The revitalized neighborhood is situated between the stadium homes of the two teams. It’s not hard to imagine that planning decisions for this neighborhood are destined to have long-lasting impact.
With the goal to make the neighborhood a destination beyond game time, the mixed-use vision started with office space (the Equitable and Del Monte headquarters buildings totaling 375,000 square feet), a hotel (178-bed Hyatt Place Pittsburgh), Stage AE -- a performance space, and high profile restaurants including Hyde Park Prime Steakhouse and Jerome Bettis’ Grille 36.
Continental has worked diligently to support the ownerships’ interest in a long-term vision of what is good and sustainable for the neighborhood. Approval was granted in the spring of 2013 to move forward on plans for an additional $30-million in development of two 3-story office buildings with street-level retail and restaurants.
Our research, site and development planning teams, our leasing executives, our Continental Building Company construction teams are all providing the important work that will deliver this next and any future phases of the project to our North Shore partners.
At the end of the day, though, perhaps the most important aspect of our responsibility as developer of record for this project is our role as trusted advisor. Much like the 2.4-million sf Waterfront project we developed on the site of Andrew Carnegie’s Steel Works, the North Shore neighborhood is steeped in Pittsburgh history and has a long future ahead. Our collaborative work with the stewards of the real estate involved is a matter of trust and responsibility – as important to us as providing great returns.