DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
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DEVELOPMENT OVERVIEW Historic redevelopment of former 1,533’-long Produce Terminal Building, built in 1926. ~160,000 SF of retail shops, restaurants, a food-centric market and office 340 surface parking spaces Targeting LEED Silver core and shell Improved pedestrian access Contiguous public passageways at 17th and 18th to the riverfront trail
DEVELOPMENT OVERVIEW Historic redevelopment of 1921 structure Office space 100% leased to Aurora 21,400 SF available ground-level retail space Attached 229-stall parking facility LEED Silver core and shell New dock-level sidewalk, stair and ramps
“Silicon Strip” From Industrial to Innovative The industrial warehouse spaces and their proximity to several of Pittsburgh’s prestigious educational institutions such as Carnegie Mellon University has helped make the Strip District the ideal home to the regional headquarters of some of the world’s most innovative companies. The redevelopment of the Produce Terminal building is the most powerful symbol within the new “Silicon Strip.” Aurora Innovation has taken over 100,000+ square feet at 1600 Smallman. Their new space will be home to a cross-section of employees — from engineers and technical operations to recruiting and IT — and features a shop to house their vehicle fleet.
THE SILICON STRIP “ Technology and tech startups are raging on in the Burgh and there looks to be no end in sight with companies like Apple, Google, Disney and Uber staking their claim in the City of Champions.” NOTABLE TECHNOLOGY NEIGHBORS Distance from McCaffery’s Strip District developments 52,000 SF 102,963 SF 83,000 SF 80,000 SF 32,000 SF REGIONAL OFFICE OFFICE TECHNOLOGY CENTER OFFICE OFFICE 0.5 mi 150 feet 1.2 mi 0.3 mi 0.4 mi 45,000 SF 51,667 SF 23,850 SF 104,000 SF 60 EMPLOYEES HEADQUARTERS TECHNOLOGY CENTER OFFICE HEADQUARTERS OFFICE 0.3 mi 0.5 mi 0.2 mi AT 1600 SMALLMAN 0.5 mi Source: PittsburghRealEstateTeam.com, October 2015.
CITY OF CHAMPIONS Pittsburgh is... #3 Metro Area for #1 City for #2 City for Software STEM Professionals Finding a Job Developers (Wallethub, 2019) (Glassdoor, 2018) (LiveCareer.com, 2018) #3 on National #4 Best Places #1 City that Appeals Geographic’s to Travel to Millennials “The Cool List” (Harper’s Bazaar, 2017) (ApartmentList.com 2018) (natgeotraveller.co.uk, 2019) One of the One of the A Top City Top 25 College Towns Most Livable Cities for Employee in the Nation in the World Satisfaction (Wallethub, 2019) (Global Liveability Index, 2018) (inc.com)
COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more than 30% of the population is made up of college and university students! 100,000 students are enrolled within 10 miles of the Strip District 28,649 students 12,569 students 10,364 students 1,897 students 2.3 miles away 4.7 miles away 1.5 miles away 2.6 miles away 3,827 students 18,913 students 2,300 students 2.9 miles away 2.8 miles away 4.6 miles away Source: CBS2 Pittsburgh, January 22, 2019
Location Lawrenceville Perry South CHILDREN’S HOSPITAL OF PITTSBURGH UPMC D.L.L. CONVEN. CENTER Troy Hill Bloomfield PNC 484K VISITORS Old Allegheny PARK Polish Hill 2.5M HEINZ HISTORY HEINZ VISITORS CENTER FIELD Strip District 1.1M 293K VISITORS Upper Hill VISITORS Shadyside UNIVERSITY OF Hill District PITTSBURGH 35,000 STUDENTS CARNEGIE MELLON DAYTIME DOWNTOWN Downtown CBD UNIVERSITY POPULATION PERF. ARTS 14,000 STUDENTS 1.5M VISITORS 61,200 DUQUESNE ONE MILE UNIVERSITY Uptown RADIUS 9,500 STUDENTS Duquesne Heights DOWNTOWN PPG MUSEUMS ARENA 1.6M VISITORS 1.4M South Side Flats VISITORS Four Mile Run Source: 2016, 2019 State of Downtown Pittsburgh, Esri 2020
SUBMARKET DEVELOPMENTS One Waterfront Place q The District w Edge 1909 e Helm on Allegheny r Cork Factory Lofts t Riverfront West y Riverfront East u DEVELOPED BY 200,000 SF Office 442 Apartments - delivered 2021 364 Apartments - delivered 2018 219 Apartments - delivered 2021 297 Apartments - delivered 2006 107,000 SF Office - delivered 2018 110,000 SF Office - delivered 2017 The Yards DEVELOPMENT CONSULTING BY i The Stacks o Hopper Place a Vision on 15th s District 15 d Lot 24 f 2501 Smallman g 31st DEVELOPED BY St Brid ge 300 Apartments - delivered 2016 56,000 SF Office - delivered 2020 145,000 Office - due 2022 225,000 SF Office - due 2022 105,000 SF Office - delivered 2018 96 Apartments - delivered 2012 52,000 SF Office - delivered 2016 Allegheny River 16th St Bridge Uber 110,000 SF o a 33rd St 32nd St 31st St 31st 29th St y u i Hopper 27th St r t The Stacks Street 26th St 484K Place 25th St 24th St e Studios 23rd St Cork w Riv. The Yards 21st St Annual Riv. Consumer’s Helm q 3 East 2@ Visitors Factory West The District The District Edge 1909 Produce e St One Waterfront Lofts j rlott 14th St Railroad St 3213 Penn Ave Cha 30th St Place Crucible Railroad St f The Hive 28th St Waterfront Pl Lot Cork The Hub Building 2501 Spruce Way Strip Distict Brownstones 46 Townhomes 24 er S t s d Factory 2555 590 Parking Butl 15th St Vision on 15th District 15 Garage ^ Condos 38 g h Stalls Smallman St 31st St. Lofts > Uber 53,000 SF 2@ 2926 Smallman > 14 Apartments Smallman St Otto Milk > < 2500 Smallman 11 Condos ($1M-$3.4M) Mulberry Way 89 Apartments Brass Building > 2! k l ; 58 Condos 2) 14 Apartments 13th St 12th St Forte 17th St 18th St 19th St 20th St St Wholey’s Condos Pe nn 11th Mulberry Way Building Penn Ave Av e 16th St 1627 72 Apartments Penn Ave Penn 23 > Spring Way 237K 21 Condos Annual Visitors Spring Way Brake House Lofts > Liberty Ave 15 Apartments Liberty Ave 114 Apartments - due 2022 S ssafras assaf as assa Sassafra Sassaf Sass Sassa Sas Wa ay s Way Wa < The Pennsylvanian Busway Feeder (busses only) 242 Apartments Lib er ty (busses only) Av Busway 2555 Smallman h The Hive Bigelow Blvd j AC Hotel k Homewood Suites l Martin Luther King Jr East Wholey’s Building ; Forte Condominiums 2) Penn23 e 2! Sa ssa fra s Cliffside Cl Cliiff ffsi ffs sid de de Pa P Park ark k St 77,500 SF Office - delivered 2016 600 Parking Stalls - due 2022 131 Keys - delivered 2018 150 Keys - delivered 2016 520,000 SF Office - underway 50 Condos - due 2022 21 Condos - due 2022 Bigelow Blvd COMMERICAL / OFFICE / HOTEL RESIDENTIAL
Where Old School Is New School From industrial epicenter to historic market district, The Strip District has seen it all. That’s why so many say the plucky, half-mile long stretch of land between the Allegheny River, the Hill District and 11th and 33rd Streets “encompasses everything Pittsburgh stands and is known for.”* Today, old and new blend together to create a truly authentic and one-of-a- kind Pittsburgh experience. The still- standing industrial warehouses now function as food markets and coffee shops, offices and innovation hubs, art centers and ethnic restaurants, antique dealers and fashion boutiques. From morning commuters to nightlife revelers, the Strip District offers something for everyone. Source: www.nextpittsburgh.com
● Real Luck Cafe 1501 PENN DISTRICT 15 2024 Delivery (550,000 SF Office) (105,000 SF Office) 16tht st 16tht st BRIDGE ORCHARD HILL CHURCH ● Maiku Sushi ● Gene Sane's Interior Design Home Decor ● Liquidators ● Shopping ● Lotus Food Company 17th st (443 Apartments) ● Wholey's 1700 Penn ● ● Andy's Sushi Bar RIVERFRONT LANDING PHASE II Antiques ● Mancini’s Bread Co. ● Mahla & Co ● Prestogeorge ● Booze/Entertainment Coffee & Tea Numismatic ● ● Peppi's Rarities ● In The Kitchen ● Labad’s Cafe ● Dining Parma Sausage ● & Grocery ● Penzey's Spices Schorin Co ● ● Sambok Korean Jo-Mar Provisions ● Yinzer’s ● Grocery 18th st Y&Q Home Plus ● ● BA Trading Schorin ● ● Purveyor / Grocery (46 Townhomes) PENN AVE LIBERTY AVE SMALLMAN ST Pgh P Sports ● STRIP DISTRICT BROWNSTONES ● Market Outlet Iron Born ● Primanti Bros. ● Jthn. Moran ● East End Brewery ● The Olive Tap ● 19th st Roland's Seafood ● Grill ● Jimmy & Nino Cake ● ● Coffee Shop Sunseri Co Little Bangkok ● ● Penn Avenue General Merch ● Pottery Outlet ● Bank ● Black and Gold Bella Notte ● Forever Cavo ● 20th st ● Artisan Market Kaya ● EDGE 1909 Pennsylvania Macaroni Co. ● ● Allegheny Coffee Atelier de Fer ● (364 Apartments) waterfront pl ● Café Raymond Edlis Beauty/ ● ● My Sweet Lily Barber Supply Stamoolis Bros ● ● DeLuca's R Wine Cellar ● ● Lucy's Enrico Biscotti ● Salty Pork Bits ● NOTABLE NEIGHBORS ● Lefty's ● PNC allegheny river WesBanco ● ● Reyna Foods 21st st ● Steel City Salt ● Mon Latino Little Donuts Aimee ● Chicken ● Peace, Love & Espresso ● La Prima ● Pamela's Diner Alaskan Grill ● Pittsburgh ● PA Libations Popcorn Co Luke Wholey's ● ● Sam's in the Strip Pho Van ● ● Roxanne's ● The Beerhive ● CFP Winemakers Loom ● Grandpa Joe's ● ● Strip District Meats SMAL ST. STANISLAUS CHURCH House of Candy ● Art of Steel ● Consumer Fresh Produce Hot Haute Hot ● ● Yinzer’s 22nd st LMAN railroad st ● Penn Animal Development details TBD S&D Deli ● ST BRICKWORKS Hospital PENN AVE ● Pittsburgh Cruise Lines Up to 500 public parking spaces LIBERTY AVE Penn Ave ● Fish ● Leaf & Bean Bar Marco ● spring way units) mulberry way HELM ON (220 micro ALLEGHENY 23rd st WFH Oriental Mkt ● Cioppino ● Osteria 2350 ● (297 apartments) CORK FACTORY LOFTS ● Mullaney's Harp & Fiddle Kelly O's Diner ● ● Salon Sola Meraki Studio ● 24th st ● Wigle Whiskey
EXCEPTIONAL ACCESSIBILITY BY CAR 4 minutes Downtown Pittsburgh 4 minutes Lawrenceville 5 minutes PNC Park 5 minutes Heinz Field 8 minutes University of Pittsburgh 8 minutes Duquesne University 11 minutes Carnegie Mellon University PARKING 323 spaces To adjoin development 427 spaces Cork Factory Garage 575 spaces The Hub at 3 Crossings + 5 public surface parking lots within ½ mile BY BIKE Three Rivers Heritage Trail Access 100 bike stalls at The Hub at 3 Crossings 54 Healthy Ride Pittsburgh Station on-site BUS 88 10 blocks of protected bike lanes along Penn Ave. 54 54 54 54 BUS BUS BUS BUS 91 86 87 54 BY BUS The 54, 86, 87, 88, and 91 travel through the Strip District with stops on Liberty and/or Penn Avenue. BY FOOT The Strip District Terminal and 1600 Smallman are at the center of the Strip District’s colorful entertainment district, just steps from its eclectic food purveyors, hip galleries, hot eateries, and trendy breweries and distilleries.
$ 140,658 AVERAGE HOUSEHOLD INCOME IN STRIP DISTRICT $ 100,058 AVERAGE DISPOSABLE INCOME IN STRIP DISTRICT 42.1% RESIDENTS WITH BACHELOR’S DEGREES IN STRIP DISTRICT $ 504,054 AVERAGE HOME VALUE IN STRIP DISTRICT Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2020 Summary File 1. Esri forecasts for 2022..
SITE PLAN THE TERMINAL PHASE 1 PHASE 2 PHASE 3 PHASE 4 14,000 RSF Mike Chen/ 2,353 SF OFFICE 2,353 SF 2,347 SF Alex Tang 1,943 SF 3,228 SF 2,344 SF (Second Level) 1,877 SF city grows 3,253 SF TBA Food Hall 5,500 SF SIGNED LEASE LEASE NEGOTIATIONS LOI NEGOTIATIONS
BUILDING SECTION THE TERMINAL 3'-9" 15' SCALE: 0 7'-6" 30'
SITE PLAN 1600 SMALLMAN 1,600 SF 6,457 SF 3,597 SF 5,137 SF SIGNED LEASE LEASE NEGOTIATIONS LOI NEGOTIATIONS
BRING YOUR BUSINESS TO PITTSBURGH’S MOST authentic NEIGHBORHOOD THE RETAIL LEASING: OFFICE LEASING: ROSS MODJESKA JASON STEWART 312-784-2758 412-208-1402 rmodjeska@mccafferyinc.com jason.stewart@am.jll.com
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