A lot of new development underway in anticipation of the NFL Draft coming to Pittsburgh in April. On the Big K Morning Show, commercial real estate expert Herky Pollock predicts that with all the exciting changes underway, Downtown will not only be transformed, it will also be redefined.
“All of these downtown districts are one cohesive, urban core that essentially make up our Downtown, it’s just not the old, traditional Golden Triangle that we all grew up thinking about between the three rivers,” said Pollock on The Big K Morning Show.
Officials say residential occupancy is almost 94 percent, up about 2.5 percent since last quarter.
He says there will be almost $1 billion dollars of redevelopment over the next three to five years.
Some examples include:
$740 million-dollar riverfront site Esplanade
Andy Warhol Museum expansion on the North Side
Riverlife's new hotel next to Rivers Casino
Arts Landing, the Cultural District's redevelopment along 8th and 9th Streets.
Construction on many of these will start soon.
Pollock says that projects like the revitalization project at Point State Park and Arts Landing “add to the daily vitality of people who want to live here and make Downtown more of a neighborhood as opposed to a place people come from 9 to 5 Monday through Friday.”