Pittsburgh's Revitalization Advances as Developers Sought for Hazelwood Green

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Loading...
Loading...

Pittsburgh's Revitalization Advances as Developers Sought for Hazelwood Green

The 178-acre former steel mill site is the city's largest riverfront development and a premier location to grow Pittsburgh's innovation economy

PR Newswire

PITTSBURGH, Oct. 1, 2018 /PRNewswire/ -- Almono LLC has issued a Request for Qualifications (RFQ) for the first phase of development at Hazelwood Green in Pittsburgh, Pa. The RFQ, accessible at www.hazelwoodgreen.com/rfq, seeks highly qualified developers for approximately 27 acres of developable area within the site's Mill District. The entire Mill District has a median target of 2.8 million square feet of mixed-use development that includes 1,050 dwelling units.

Illustrative aerial of Hazelwood Green development in Pittsburgh, PA (copyright Depiction LLC 2018, courtesy of Almono LLC

With 178 acres of prime riverfront property, the Hazelwood Green (HG) site is envisioned to become a world-class model for sustainable development, continuing Pittsburgh's history of reclamation and reinvention as a post-industrial city.  Situated in close proximity to medical and research facilities, and renowned universities, including Carnegie Mellon University and the City of Pittsburgh HG's prime riverfront location presents a wealth of natural resources, beauty, and linkages to the surrounding Greater Hazelwood neighborhood and the city's extensive trail system. 

Momentum and interest in the site are building rapidly due its strategic location and the prestige of the site's first anchor tenants. The Advanced Robotics for Manufacturing Institute (ARM) and Carnegie Mellon University's Manufacturing Futures Initiative (MFI) are in the midst of construction to locate within the historic steel mill shell of the RIDC-owned Mill 19 building, located in the site's Mill District, with a completion date anticipated in 2019.

Formerly the site of LTV Steel and the Jones & Laughlin Steel Co., the Hazelwood Green development site is unique in that its ownership, Almono LP, is a partnership of three Pittsburgh-based foundations – Richard King Mellon Foundation, Heinz Endowments, and the Benedum Foundation.  These foundations joined forces in 2002 to purchase and land bank Pittsburgh's last remaining tract of significant riverfront property until the time was right to fully leverage this well-situated asset to achieve greater regional benefit. 

The recent approval of the new Preliminary Land Development Plan (PLDP), accessible at www.hazelwoodgreen.com/plan, marks a final turning point in the site's readiness for vertical development.  The PLDP provides detail on the vision, intent, and technical guidelines for the build out of Hazelwood Green, which will accommodate a mix of offices, research and development, light manufacturing, housing, retail, and public green space.  The targeted total density for the site is 8 million square feet of mixed-use development that would be built over a projected 20 years and require a robust multi-modal transportation system to realize full development potential.

"Hazelwood Green is well positioned to become a world-class model for sustainable development that transforms markets, regenerates the land and revitalizes the surrounding neighborhoods." says Hazelwood Green Project Director Rebecca Flora, and RFQ manager. "We are seeking qualified developers that share our vision to join with us in advancing this transformational project."

The RFQ submission deadline is November 19.  Site tours, additional key dates and more information can be accessed at www.hazelwoodgreen.com/rfq. All RFQ inquiries should be sent to RFQ@hazelwoodgreen.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/pittsburghs-revitalization-advances-as-developers-sought-for-hazelwood-green-300722119.html

SOURCE Almono LLC

Loading...
Loading...
Posted In: Press ReleasesReal Estatecommercial real estate
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...