The Buccini/Pollin Group (BPG) is stepping outside of the Delaware market with a 28-acre, mixed-use development in the heart of downtown Pittsburgh.
The Wilmington-based firm was selected by affiliate of the Pittsburgh Penguins to create and implement a master plan for the surface parking lots across from the PPG Paints Arena. Partners include the design firm Gensler and local residential developer Intergen on the project.
"We are delighted by the opportunity to team with the Penguins and with Intergen on one of the greatest sports and entertainment-anchored, mixed-use projects in America," said Chris Buccini, co-president of The Buccini/Pollin Group. "This prominent site "“ with its scale, central location and incredible access "“ stands out as one of the premier infill development districts in the country."
The Penguins selected BPG to develop the overall master plan and to accelerate commercial development for a project that will attract over $500 million in overall investment.
"We're gratified to have BPG lead this new team and new thinking, creating a new momentum for this critical project. We are hopeful that we will continue gaining traction that's already established with the community and with potential business partners," said David Morehouse, president and CEO of the Penguins.
"This is going to be a destination development comparable to the very best mixed-use projects across the country," said Buccini. "My partners and I are excited to expand our presence in Pittsburgh and to help the Penguins and the community realize the tremendous potential for this special location. We are prepared to invest in the expansion of the urban core at a time when there's so much interest and energy in this market."
