Piatt Place

New Markets Tax Credit Coalition

Pittsburgh,
PA
(2014)

Piatt Place

Office, Retail, Retail and Commercial

Rehab of a 265,000 squarefoot vacant department store in downtown Pittsburgh.

Investment

NMTC Amount: $11,480,000
Total Project Cost: $95,745,269

IMPACT

1,777 FTE jobs
1,064 construction jobs

CDEs

Commonwealth Cornerstone Group, Pittsburgh Urban Initiatives

Investor

US Bank

Project Description

Piatt Place (formerly Lazarus Department Store) was a 265,000 squarefoot vacant department store in downtown Pittsburgh. The premises were built in 1998 as a downtown shopping location by Federated Corporate Services. The building is located at the corner of 5th Avenue and Wood Street, a major thoroughfare in the city’s central business district. The Piatt Place building received the 1999 AIA Georgia Design. The project created an estimated 489 jobs.

MAP

Address: 260 Forbes Avenue, Pittsburgh, PA 15222

Census Tract: 42003020100

PDF Profile

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