Developers and local leaders cut the ribbon Wednesday on Kaufmann's Grand, a 13-story luxury apartment complex in a portion of the former Kaufmann's department store building in Downtown Pittsburgh.
Philadelphia-based developer Lubert-Adler Partners L.P. invested $40 million in the building, bringing signs of life back to what was once a hot spot in the city.
Developer Dean Adler feels the new apartments could serve as a catalyst for more growth downtown.
"Hopefully, it will set the tone for local real estate and other entrepreneurs to take these empty buildings, renovate them, put their businesses in them, being part of the district and once we do the district, we'll go to the next level," he said.
Amenities in the building include a rooftop pool and basketball court, podcast room, movie room, golf simulator and dog spa.
Adler said 60 percent of the apartments already have a tenant.
Target is expected to be the next tenant in the former Kaufmann's building, with plans to open an urban format store.
Adler said that is on track to happen by this spring.
"One of the beauties here is we spent a lot of time, we were very careful as to who is going to be our first floor tenant because it sets the tone," he said. "Urban Target, if you go to their new stores, they're fabulous. They have grocery, and they have pharmacy. It's so needed down here."
He added his company is hoping to announce a 50,000 square-foot tenant in the coming weeks.