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Commercial Real Estate Jobs

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Commercial Real Estate Jobs Powered By Docstoc
					        TIF             Project                    Project                 Total Estimated               TIF         TIF          County            Township         School District      TIF Bond             Taxing Body          Previous Use/      Industrial/ Commercial
                                                                                                                                                                                                                                     Expansion/
    Projecta            Locationb            Descriptionc                        Costd                Amounte       Termf     Diversion Rateg     Diversion Rateh    Diversion Ratei        Statusj            Sponsoringk           Renovationl            Residentialm
                  North Side          New Alcoa Headquarters                                                                  Not clear in TIF    Not clear in TIF   Not clear in TIF   Issued - Date
Alcoa             (Pittsburgh)        and Parking structure                          $39,000,000     $9,400,000    20 years         plan                plan               plan            Unknown           City of Pittsburgh                          Offices and parking



Baum Millvale     Pittsburgh          Hotels, Movie Theaters,                                                                                                                           Issued - Date                                                 Mixed-use with residential,
(Luna Square)     (Bloomfield)        Shops and Housing                             $115,000,000     $15,600,000   20 years                60%                60%                60%       Unknown           City of Pittsburgh       Brownfield           retail and offices
                                                                                                                                                Yrs. 1-3: 0%
                                                                                                                            Yrs. 1-3 : 0%                   Yr 4 :    Yrs. 1-3: 0%
                                                                                                                                    Yr 4 : 60% 60%          Yrs. 5- Yrs. 4-13 : 100%
Brentwood                             Giant Eagle and other                                                                                Yrs. 14 : 100%              Yr 14 : 60%                                                  Information Not     Primarily commercial
Towne Square      Brentwood           stores                                         $42,000,000     $4,000,000    19 years 5-20 : 82.5%           Yrs. 15-20 : 0%    Yrs. 15-20: 0%      Issued - 01        Allegheny County           Available               (retail)
                  Pittsburgh (West                                                                                                                                                                                                  Information Not
Broadhead         End)                OK Grocery                                     $21,300,000     $4,008,130    20 years                75%                75%                75%    Issued - Oct 98      City of Pittsburgh         Available            Commercial

Cedar Heights     Mt. Lebanon         Upscale condominiums                            $3,500,000     $3,500,000    20 years                60%                40%                40%      Not Issued           Mt. Lebanon            Greenfield             Residential
                  Pittsburgh                                                                                                                                                            Issued - Date                                                      Commercial and
Centre-Negley     (Shadyside)         Giant Eagle                                    $45,000,000     $1,825,000    20 years                50%                50%                50%       Unknown           City of Pittsburgh       Expansion              Residential
Deer Creek
Crossing          Harmar Township     Strip Mall                                    $124,000,000     $22,500,000   20 years                80%                80%                80%      Issued - 05        Allegheny County         Greenfield       Retail and Office space


                  Pittsburgh (East
East Liberty      Liberty)            Home Depot store                                $7,000,000     $1,619,540    20 years                67%                67%                67%    Issued - Mar 99      City of Pittsburgh       Renovation             Commercial

                                      Mall and entertainment                                                                                                                            Issued - Date                                                   Primarily commercial
Frazer Mills      Frazer Township     center                                        $351,000,000     $50,000,000   20 years                75%                75%                80%       Unknown           Allegheny County         Greenfield                (retail)
                  Pittsburgh
Fulton Building   (Downtown)          Renaissance Hotel                              $40,000,000     $3,448,025    20 years                60%                60%                60%    Issued - Mar 99      City of Pittsburgh       Renovation             Commercial
                  Pittsburgh          Renovation of Gimbel's                                                                                                                             Issued - Date
Heinz 57 Center   (Downtown)          Building                         Information Not Available     $5,000,000    20 years                50%                50%                50%        Unknown          City of Pittsburgh       Renovation      Information Not Available
Heinz
Distribution      Pittsburgh (North
Center            Side)            Information Not Available                         $47,800,000     $6,455,000    20 years                75%                75%                75%    Issued - Nov 99      City of Pittsburgh       Renovation      Information Not Available
                                   New Lazarus store and
                 Pittsburgh        renovation of old store to
Lazarus Building (Downtown)        office space                                      $78,000,000     $26,237,000   20 years                100%              100%               100%    Issued - Dec 95      City of Pittsburgh       Brownfield             Commercial
                                   Mall developed about 5
                                   minutes south of Pittsburgh                                                                                                       Yrs 1-6 :55%                                                                       Primarily commercial
Mall at Robinson Robinson Township Int'l Airport                                    $245,000,000     $28,000,000   15 years                55%                55%      Yrs 7-15 : 61%   Issued - Jan 00      Allegheny County         Greenfield                (retail)

McKeesport -                          Infrastructure - Utilities and   8 units - $100,000                                                                                                                      McKeesport
Menzie Dairy      McKeesport          Streets for housing plan                 8 units - $100,000+    $50,000      7 years                 70%                30%               30^%     Issued - 99      Redevelopment Authority     Renovation              Residential
McKeesport -                         Infrastructure - Preparing                                                                                                                            McKeesport
RIDC Riverplace McKeesport           brownfield for new industry   Information Not Available    $200,000     7 Years     70%              30%               30%       Issued - 99     Redevelopment Authority     Brownfield               Industrial
Mellon
Operations      Pittsburgh
Center          (Downtown)           Check processing, printing                $110,000,000    $15,000,000   20 years    62%              62%               62%     Issued - Oct 98      City of Pittsburgh       Brownfield               Offices
                                                                                                                                                                                                                                    Primarily commercial
Mt. Nebo Pointe Ohio Township        Strip Mall                                 $33,000,000    $6,800,000    20 years    60%              78%               78%     Issued - Dec 03      Allegheny County         Greenfield                (retail)
North Side      North Side
Commons         (Pittsburgh)         Information Not Available     Information Not Available   $5,100,000    20 years    71%              71%               71%     Issued - Jul 97      City of Pittsburgh       Brownfield      Information Not Available
                North Side
North Shore     (Pittsburgh)         Information Not Available     Information Not Available   $7,300,000    20 years   100%             100%              100%     Issued - Nov 95      City of Pittsburgh       Brownfield      Information Not Available

North Shore-     North Side                                                                                                                                         Information Not
Stadiums Area    (Pittsburgh)        Information Not Available     Information Not Available   $5,000,000    20 years   50%**             50%               50%         Available        City of Pittsburgh       Brownfield      Information Not Available




                 Pittsburgh
PNC Firstside    (Downtown)          Information Not Available                 $100,000,000    $11,000,000   20 years    75%              75%               50%     Issued - Jul 99      City of Pittsburgh       Brownfield             Commercial




                 Pittsburgh          Research & Development                                                                                                                                                                       Industrial (technology and
Panther Hollow   (Oakland)           facility                                   $32,800,000    $3,486,000    20 years    60%              60%               60%     Created-Aug 02       City of Pittsburgh       Brownfield               research)
Penn Liberty     Pittsburgh                                                                                                                                                                                                         Commercial and Office
Plaza            (Downtown)          Office Space; County Office                $23,000,000    $6,095,799    20 years    75%              75%               75%     Issued - Nov 96      City of Pittsburgh       Renovation                 Space


Pittsburgh
Technology       Pittsburgh (Second Infrastructure, Parking                                                                                                                                                                       Industrial (technology and
Center           Avenue)            Garage                                       $6,100,000    $5,510,000    20 years   100%             100%              100%     Paid Back 2002       City of Pittsburgh       Brownfield               research)

Riverplace - City-
Center of                                                                                                                       Information Not   Information Not   Issued - Date
Duquesne           Duquesne          Infrastructure                Information Not Available   $5,000,000    5 years     70%          Available         Available      Unknown           City of Duquesne         Brownfield               Industrial

                Pittsburgh                                                                                                                                                                                      Information Not   Mixed-use with residential
Schenley Center (Oakland)            Marriott, Assisted Living                  $43,000,000    $5,250,000    20 years    75%              75%               75%     Issued - Dec 97      City of Pittsburgh         Available         and commercial

South Side       Pittsburgh (South                                                                                                                                                                                                Mixed-use with residential,
Works            Side)               Brownfield revitalization                 $300,000,000    $25,000,000   20 years    60%              60%               60%     Issued - Feb 99      City of Pittsburgh       Brownfield           retail and offices
                    Pittsburgh (South    Expansion/Renovation of                                                                                                                                                                         Primarily commercial
Station Square      Side)                Station Square                               $71,000,000      $6,500,000      20 years         60%          60%           60%    Issued - Nov 99   City of Pittsburgh   Expansion/ Renovation           (retail)

                    West Homestead,
                    Homestead,                                                                                                                                                                                                           Primarily commercial
Waterfront          Munhall              Revitalization of brownfield                $305,700,000     $29,435,000      20 years   Up to 100%   Up to 100 %   Up to 100%     Issued - 98     Allegheny County          Brownfield                 (retail)

             Other TIF Projects - Information Unknown
Highmark




NOTES
a
  Name by which project is commonly referenced
b
  Location of the project and neighborhood (if City of Pittsburgh)
c
  Detail about the TIF itself or the development as a whole
d
  Total estimated cost of the entire development
e
  Amount of the TIF bond
f
  Term of the TIF bond
g
  % of increment received by Allegheny County
h
  % of increment received by city/township/borough
I
  % of increment received by school district
j
  Describes current status of TIF bond (issued, failed, etc.)
k
  Tax sponsoring body of the TIF District
l
  The previous use of the land (brownfield, greenfield) and/or TIF used for expansion or renovation
m
   Primary use of the development receiving TIF
n
  Developer most associated with the project/ most referenced in media
o
  Other developers mentioned in media/developers responsible for excavation, technology, engineering, etc
p
  School district within the TIF District
q
  Jobs that are referenced in TIF plan or media as being "created" by the TIF project
r
  Jobs that have been relocated to a new building within TIF District
s
  Number of jobs to date reported by companies operating on TIF project sites
t
  Current number of jobs, taking into account job displacement, job retention and job creation as a result of the TIF project
u
  Estimated size of the land used for TIF project/ number of units developed for housing/lodging

    ALL INVENTORY INFORMATION IS REFERENCED IN REFERENCE SECTION. INFORMATION CHOSEN FROM MEDIA SOURCES WAS
                                            AT THE AUTHOR'S DISCRETION.
           Primary                         Other                   School         New Jobs Proposed         Jobs Retained      Actual Number of              Net               # of acres/

         Developern                     Developerso               Districtp           in Plan/Media             by TIF            Jobs (to date)            Jobs            square footage
                                                                                                                                 Information Not       Information Not
        Not in TIF plan           Information Not Available      Pittsburgh          Not in TIF plan        Not in TIF plan          Available             Available         225,000 sq.ft.
                                   McKean Auto Group of
                                    Pittsburgh; Dynamic
                                   Building Corp.; Kiebler,
                                    Smith & Co.; Gordon                              Information Not        Information Not      Information Not       Information Not
       Kratsa Properties                  Mathews                Pittsburgh              Available              Available            Available             Available            7.5 acres



                                                                                     Information Not        Information Not      Information Not       Information Not      Information Not
  Echo Real Estate Services       Information Not Available   Baldwin-Whitehall          Available              Available            Available             Available            Available
                                                                                     Information Not        Information Not      Information Not       Information Not      Information Not
  Echo Real Estate Services       Information Not Available      Pittsburgh              Available              Available            Available             Available            Available

     Point View Properties        Information Not Available     Mt. Lebanon                  0                     0                    0                     0             11-story, 60-unit
                                                                                                                                 Information Not                         From 20,000 to 70,000
  Echo Real Estate Services       Information Not Available      Pittsburgh                110                    140                Available               110                 sq.ft.
                                                                                                            Information Not      Information Not       Information Not
     Woodmont Company             Information Not Available   Allegheny Valley            2,783                 Available            Available             Available        1,000,000 sq. ft.


                                                                                                                                                       Information Not
      Home Depot, USA             Information Not Available      Pittsburgh                126                     0                   126                 Available         131,000 sq.ft.
                                                                                  3,413 (indicates both
                                                                                  direct and indirect job                        Information Not       Information Not
        The Mills Corp.               A.V.. Associates           Deer Lakes              creation)           Not in TIF plan         Available             Available         380,000 sq. ft.
                                                                                                            Information Not      Information Not       Information Not
Sage Hospitality Resources, LLC   Information Not Available      Pittsburgh                150                  Available            Available             Available        13 story building
                                                                                     Information Not        Information Not      Information Not       Information Not
   Information Not Available      Information Not Available      Pittsburgh              Available              Available            Available             Available         731,000 sq.ft.

                                                                                     Information Not        Information Not      Information Not       Information Not      Information Not
   Information Not Available      Information Not Available      Pittsburgh              Available              Available            Available             Available            Available

                                                                                                            Information Not    115 (at time of store   Information Not
   Information Not Available        Noralco Corporation          Pittsburgh                260                  Available            closing)              Available         247,000 sq. ft.

                                                                                                                                 Information Not       Information Not
  Forest City Enterprises Inc.     Michael Baker Jr., Inc.        Montour                 5,455             Not in TIF plan          Available             Available        3,000,000 sq. ft.
                                    Various (selected by
                                     buyer preference)
         Ryan Homes                including Ryan Homes       McKeesport Area                0                     0                     0                    0           16 single family units
                                                                                                           50 (Steel City
                                                                                                           Products jobs
                                                                                   2,000 (Maglev Inc.);     relocated);            50 (Steel City
                                                                                    2,000 (Echostar -     Information on            Products);
                                                                                  number of employees          other           Information on other
                                                                                        facility can      businesses not          businesses not      Information Not
RIDC (agent for Allegheny County)   Information Not Available   McKeesport Area       accommodate)            available              available            Available        100 acres

                                                                                                           2,500 (number                              Information Not
     Mellon Financial Corp.           H.F. Lenz Company            Pittsburgh             3,500           of jobs relocated)      2,500 (to date)         Available     850,000 sq. ft.
                                                                                                          Information Not        Information Not      Information Not
  Developers Diversified Realty     Information Not Available     Avonworth                800                 Available             Available            Available      350,000 sq. ft.
                                                                                     Information Not      Information Not        Information Not      Information Not   Information Not
    Information Not Available       Information Not Available      Pittsburgh            Available             Available             Available            Available         Available
                                                                                     Information Not      Information Not        Information Not      Information Not   Information Not
     Continental Real Estate        Information Not Available      Pittsburgh            Available             Available             Available            Available         Available

                                                                                     Information Not      Information Not        Information Not      Information Not   Information Not
     Continental Real Estate        Information Not Available      Pittsburgh            Available            Available              Available            Available         Available

                                                                                                                1,500
                                                                                                            (consolidated
                                                                                                          from 20 different
                                                                                                          departments and
                                                                                     Information Not          scattered          Information Not      Information Not
              PNC                           Astorino               Pittsburgh            Available            locations)             Available            Available     647,000 sq. ft.

                                       J.J. Gumberg Co.;
 Panther Hollow Development            Regional Industrial
  Corporation (Comprised of         Development Corporation
Carnegie Museums of Pittsburgh          of Southwestern                              Information Not                             Information Not      Information Not
and Carnegie Mellon University)           Pennsylvania             Pittsburgh            Available              300                  Available            Available      131,000 sq.ft.
                                                                                     Information Not      Information Not        Information Not      Information Not   Information Not
    Information Not Available       Information Not Available      Pittsburgh            Available            Available              Available            Available         Available

                                                                                                           470 (number of
                                                                                  80 (number of new jobs jobs relocated
                                                                                    expected at Union     for Union Switch 500 (to date at Union Information Not
  University of Pittsburgh/ CMU       Noralco Corporation          Pittsburgh      Switch & Signal alone) & Signal alone) Switch & Signal alone)     Available          170,000 sq. ft.
                                                                                                           105 (American
                                                                                                               Textile:
                                                                                      Information Not     relocated to new 400 (as of December Information Not
             RIDC                   Information Not Available      Duquesne               Available             site);             2001)             Available             215 acres

                                                                                     Information Not      Information Not        Information Not      Information Not   Information Not
   Kossman Development Co.          Information Not Available      Pittsburgh            Available            Available              Available            Available         Available

                                                                                                                                 Information Not      Information Not
       Soffer Organization            Noralco Corporation          Pittsburgh             5,600            Not in TIF plan           Available            Available     2,000,000 sq.ft.
                                                                                   2,752
                                                                                    (number of
                                                                                    employees
                                                                                    working at
                                                                                  Station Square    Information Not   Information Not
Forest City Enterprises Inc.   Information Not Available   Pittsburgh     500         in 1999)          Available         Available     80,000 + sq. ft.


                                                                                                    Information Not   Information Not
 Continental Real Estate       Information Not Available   Steel Valley   5,496   Not in TIF plan       Available         Available     2,438,500 sq.ft.

				
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