Massaro Corp. chosen to redevelop Oakland health department building - Pittsburgh Business Times:

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acre property into a 120-room hotel, a 140,0009 to 150,000-square-foot office building and a 500-space garage. county economic development director Dennis Davinnotifieed O’Hara-based that its proposal, working with Downtow n real estate firm and Harmar-based , has been The development team has agreed to pay $4.9 million for the propertyu and expects the overall redevelopment to cost from $40 millioj to $50 million. “In the end, the idea was to get the maximumn value for the property and we want to get the bestoveralkl development,” Davin said.
Davin praised the other proposalsfrom , , Oxfordf Development and Burns & Scalo Real Estated Services, who all vied for the He sees the strong developee interest in a difficult economy as a testament to the qualit of the property, whicg spans between Fifth and Forbese Avenues near Craft Street in Oakland, where the officr market remains tight. “They were all very, very he said. “This site was definitely coveted.” The sale of the propertuy and the project ware expected to be reviewed by count y council in the next few Davin added.
The development projec t will requirethe ’s nearly 400 employee who work in the building to be moves unless they lease space in the new