$30 million development set to be built across from Acrisure Stadium
PITTSBURGH (KDKA) -- More development is coming to the North Shore right next to Acrisure Stadium. The plan is to turn a 450-car parking lot into a commercial and retail space. The hope is the pavement can become a hot spot to bring people to the North Shore.
The $30 million project between the Steelers and developer Walnut Capital is trying to continue the trend of development on the North Shore.
"The whole North Side, North Shore, whatever you want to call it, is developing into a place to live, work and play," state Sen. Wayne Fontana said.
Right now, the lot is owned by the Science Center. They say there has been no formal sale or lease of the property. To make sure there is enough parking, a parking deck will be installed.
"Which the residential community especially really likes to see. We're really glad to see that's always a focus," North Side/North Shore Chamber of Commerce Executive Director Gina Grone said.
The Steelers and developers are looking to get a state redevelopment grant for $15 million. Sen. Fontana said it's a competitive process for this money.
"You like to see shovel-ready projects and the financing is there," Sen. Fontana said.
The North Side/North Shore Chamber of Commerce says it's exciting to see continued growth of the neighborhood. The balance they want is to make sure the small businesses don't get pushed out for more development.
"Making sure a rising tide floats all ships and that the small businesses and family-owned businesses that have been here for decades can really benefit from a trickle-down effect," Grone said.
According to the proposal, the mixed commercial space would have retail and office space. It would house two national Pittsburgh-based corporations to expand their headquarters.
"Certainly adds to tourism for our area, and tourism brings tax dollars," Sen. Fontana said.
They hope to start construction in September.
