"MI/MRP Henry W. Oliver and Saks Fifth Avenue Buildings Redevelopment Pennsylvania - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Millcraft Industries (MI) and McKnight Realty Partners (MRP) are undertaking the redevelopment of two historic buildings in Pittsburgh, Pennsylvania, the US.
The first phase includes the construction of an 18-story building comprising with 2,787m2 retail space in first floor and 580 parking spaces in seven floors, a 161-room hotel and 62 apartments in 10 floors above the eight-story building in the second phase.
A management contract has been signed for Embassy Suites by Hilton Corporation to manage the hotel component.
MI and MRP received funding approvals from U.S. Bank on US$15.7 million in financing, a US$4 million grant from the state to build the new 350 Oliver Avenue and the redevelopment worth US$60 million.
On February 24, 2015, the project received approvals for the phase one.
Construction works are underway.
The project will redevelop former Saks Fifth Avenue Department store and the 25-story Henry W. Oliver building for mixed-use facilities in Pittsburgh, Pennsylvania, the US.
The US$134 million project includes the following:
1. Construction of a 161-room hotel
2. Construction of 62 apartments
3. Construction of 2,787m2 retail space
4. Construction of 580 parking spaces
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