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RIDC, URA to Enter Into Partnership Agreement to Develop 25-Acre Vacant Site in Fairywood

Press Release
April 13, 2022

Pittsburgh, PA—April 12, 2022—Regional Industrial Development Corporation of Southwestern PA (RIDC) and the Urban Redevelopment Authority of Pittsburgh (URA) will enter into a partnership agreement to develop a 25-acre vacant site in the Fairywood neighborhood of the City of Pittsburgh, upon URA Board approval.

RIDC and URA are planning a two-phase development project targeting distribution uses. They have signed a Letter of Intent for construction of a 150,000-square-foot single-user building. Discussions about the site plan are currently underway and a Request For Proposals (RFP) for design and construction is expected to be issued within a few weeks. RIDC is already in discussion with a potential occupant for that space.

Phase 2 is expected to be a building of similar size.

RIDC will put $2.7M-$3.5M of capital into the building, and the URA will contribute the land as well as source public grants.

The URA Board of Directors meets virtually on Thursday, April 14, at 2 p.m.

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