18A — April 10 - 23, 2020 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania On the former Civic Arena development site in the Lower Hill BPG & The Pittsburgh Penguins announce Live Nation Entertainment Venue
ITTSBURGH, PA — Live Nation Entertain- ment, Inc., One of the world-wide leaders in live mu- sic promotion and venue op- eration, will anchor a 90,000 s/f live entertainment venue on the former Civic Arena devel- opment site in the Lower Hill. The announcement was made by the Pittsburgh Penguins, together with its development partner The Buccini/Pollin Group (BPG) , the master com- mercial real estate developer for the 28-acre site of the former Civic Arena. The new live music venue will be constructed above an under- P
Lower Hill redevelopment site. The venue’s design will be a “three-in-one” concept, includ- ing an enclosed highly-ameni- tized seating area for club and theater performances as well as an adjacent outdoor amphithe- ater lawn. Filling the gap for mid-sized live music venues in the Pittsburgh area, the unique design accommodates intimate live music events as well as me- dium to larger performances, up to a 6,600 maximum total capacity. In addition, the Live Na- tion project is expected to help catalyze investments into the middle and upper Hill District,
including the Ammon Com- munity Recreation Center, August Wilson Boyhood Home, New Granada Theatre, and programming at Miller El- ementary and University Prep public schools. These invest- ments will also be supported by the expected $40MGreater Hill Reinvestment Fund generated from the overall Lower Hill Development. • 17,000 s/f of ground floor commercial space – including more than 1,200 s/f fronting Wylie Ave. for the Urban Rede- velopment Authority’s Catapult Program that the developers are providing free of charge to the URA to encourage local and minority-owned businesses to grow at the center of the Lower Hill development; • Up to 34,000 s/f of second and third floor retail space along Wylie Ave. and • 285,000 s/f of public park - ing garage (850 spaces). The project will deliver park- ing capacity for adjacent com- mercial development in the new district and nearby employ- ment centers. It will also be a critical fiscal stimulus for both City and neighborhood use in the form of over $400,000 in annual amusement taxes pay- able to the City of Pittsburgh and $5 million in 10-year tax abatement (LERTA) benefits that the development invests in the Greater Hill Reinvest- ment Fund to support economic development priorities. The Penguins and BPG are also building as part of the music venue development a brand-new public safety facil- ity (worth over $1.2 million) for Rescue 2 and EMS 14, on the Bedford Ave. side of the parking garage, which will cen- tralize EMS rescue operations on the Lower Hill and improve public safety responsiveness. The relocation of the facility to the Lower Hill will also al- low the City of Pittsburgh to take advantage of a potential redevelopment opportunity downtown at the current Res- cue 2 / EMS 14 location on the Boulevard of the Allies. BPG’s vision is to create one of the finest entertainment- based mixed-use projects in the United States. “Live Na- tion’s 20-year commitment to this project will serve as the second entertainment anchor, along with PPG Paints Arena, and bring this transformational project one step closer to fulfill - ing its vision.
Penguins’ Lower Hill redevelopment site rendering
ground 850-space public park- ing garage at the intersection
of Wylie Ave. and Logan St., at the center of the Penguins’
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www.earthengineering.com Corporate Headquarters: 610-277-0880 Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 South Jersey: 856-768-1001
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