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NORTH SHORE DEVELOPMENT BY CONTINENTAL Overview In 2003, the Stadium Authority of the City of Pittsburgh and North Shore Developers, L.P. entered into an Option Area Agreement where the Pittsburgh Steelers and Pirates were given the opportunity to bring commercial development to the North Shore. The Option Area includes the land between PNC Park and Heinz Field. North Shore Developers, L.P. contracted with Continental/North Shore Manager, LLC to be the developer of the Option Area. The master plan for the Option Area includes the development of office, retail, and residential uses. The SEA provides staff support to the Stadium Authority in managing this development.
Features The Option Area has been developed, thus far, into two buildings: the Equitable Resources building and the Del Monte building. Equitable Resources Building In August 2003, the Stadium Authority approved the sale of the first development parcel for construction of a new office building. After construction was completed, Equitable Resources became the prime tenant for the building. The Equitable Resources Building is located next to PNC Park facing the river and has two restaurants on the ground floor: McFaddens and Hyde Park Prime Steakhouse. McFadden's, an Irish Pub and Restaurant, has several different party rooms and floors and is well-known for its night life. Hyde Park is one of Pittsburgh's premier restaurants and boasts an outdoor patio overlooking the river.
Del Monte Building In March 2004, the Stadium Authority approved the sale of two development parcels for construction of a second office building. After construction was completed in 2005, Del Monte became the prime tenant in the building. The first floor provides space for restaurant and retail use including:
Hyatt Place Hotel In August 2008, the Stadium Authority of the City of Pittsburgh approved the sale of the fourth development parcel to Continental/Rockbridge North Shore Hotel, L.P. for the construction of a 7 story, 178 room, Hyatt Place Hotel. Construction is set to begin in the summer of 2009.
Entertainment Complex In August 2008, the Stadium Authority of the City of Pittsburgh approved the sale of a 4 acre parcel adjacent to Heinz Field to the PSSI Stadium Corp. This parcel, formerly a surface parking lot, will be developed into an Entertainment Complex including indoor and outdoor theaters for concerts, rallies and events, and concessions. Construction is set to begin in the summer of 2009.
Last Updated 6/10/09
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