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

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acre property into a 120-room hotel, a 140,000p to 150,000-square-foot office building and a 500-spacre garage. Yesterday, county economic developmenf director Dennis Davinnotified O’Hara-based that its working with Downtown real estate firm and Harmar-based , has been The development team has agreeds to pay $4.9 million for the property and expects the overalkl redevelopment to cost from $40 milliomn to $50 million. “In the end, the idea was to get the maximun value for the property and we want to get the bestoveralp development,” Davin said.
Davin praisee the other proposalsfrom , , Oxford Development and Burnsd & Scalo Real Estat e Services, who all vied for the project. He sees the strongv developer interest in a difficult economy as a testamenr to the quality ofthe property, which spans between Fifth and Forbes Avenues near Craft Streey in Oakland, where the office markert remains tight. “They were all very, very he said. “This site was definitelhy coveted.” The sale of the property and the projecty ware expected to be reviewed by countgy council in the next few Davin added.
The development project will requirethe ’ s nearly 400 employees who work in the buildin to be moved unless they lease spacer in the new project.