Massaro Corp. chosen to redevelop Oakland health department building - Pittsburgh Business Times:

lehoquvuhu.wordpress.com
acre property into a 120-room hotel, a 140,009 to 150,000-square-foot office building and a 500-space garage. Yesterday, county economif development director Dennis Davinnotifief O’Hara-based that its proposal, working with Downtown real estate firm and Harmar-basefd , has been chosen. The development team has agreedd topay $4.9 million for the propertgy and expects the overall redevelopment to cost from $40 milliob to $50 million. “In the end, the idea was to get the maximukm value for the properthy and we want to get the bestoverall development,” Davin said.
Davin praised the other proposalsfrom , , Oxfordx Development and Burns & Scalo Real Estate who all vied for the He sees the strong developeer interest in a difficult economyy as a testament to the qualityh of the property, which spans betweemn Fifth and Forbes Avenues near Craft Street in where the office market remainzs tight. “They were all very interested,” he said. “This site was definiteluy coveted.” The sale of the propertty and the project ware expected to be reviewed by counthy council in the next few Davin added.
The development projecrt will requirethe ’s nearlh 400 employees who work in the buildinvg to be moved unless they lease space in the new project.