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Riviera

The Riviera is an upcoming six-story, Class A office building at the Pittsburgh Technology Center. Developed by Burns and Scalo Real Estate on speculation, this development will feature 160,200 rentable square feet of office space as well as a full-service coffee bar and café, fitness center, riverfront patio, and bike storage.

The Riviera at Pittsburgh Technology Center looking West towards the Pittsburgh skyline

Background

The development site is located in the Pittsburgh Technology Center (PTC) in the South Oakland neighborhood. PTC is a state-of-the-art riverfront office park and regional center for research and development. It is a nationally recognized example of brownfield reclamation and the first project in Pennsylvania to use tax increment financing (TIF). The URA purchased the 48-acre former Jones & Laughlin Hot Strip Mill in 1983.

The URA’s role in this development included acquisition and site plan development, oversight of the environmental assessment and remediation (mostly of subsurface debris), oversight of the design and construction of the infrastructure – including roads, water and sewer lines, reconstruction of Second Avenue, and construction of two new parking garages. The URA also coordinated the financing for this site with its federal, state and local public partners and sought, selected and worked with private investors and developers to complete the redevelopment.

Major companies on site include Hitachi Rail STS, Braskem America, Inc, the University of Pittsburgh’s Center for Biotechnology and Bioengineering, Carnegie Mellon University’s Entertainment Technology Center, Thermo Fisher Scientific, Level 3 Communications.

The site features amenities such as an 111-room hotel and two parking garages.

Development

The Riviera received its final URA Board approval and closed in May 2018. Construction began in June 2018 and is expected to be completed in late 2019.

Facts

  • Developer: Burns and Scalo Real Estate
  • Lender: Dollar Bank
  • Contractor: Burns Scalo Development, LLC
  • Architect: NEXT architecture
  • Total Development Costs: $35.7 million
  • Land Sale Price: $539,055.00

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