April 19, 2016
Chicago developer McCaffery Interests has won approval from the Urban Redevelopment Authority in Pittsburgh to convert the Strip District’s produce terminal into a mixed-use project. The URA will spend the next six months working with McCaffery to finalize details and determine financing for the project at 2100 Smallman St., which could cost as much as $70 million.
McCaffery’s plan calls for 65,100 square feet of retail, 57,385 square feet of open office space, and 18 live-work apartments. The developer would also like to extend an elevated dock running the length of the 1,533-foot-long terminal for a walkway.
McCaffrey expects to invest $50 million into the building, indicating there would be a need for public investment to help rehabilitate Smallman Street.