June 11, 2019
Mark Belko | Pittsburgh Post-Gazette
The developer on Tuesday joined a host of dignitaries and stakeholders for the official groundbreaking of the terminal rehab and a companion office and retail project at 1600 Smallman across the street. Together, the redevelopments are expected to total $100 million. Construction on both started earlier this year. But Tuesday was reserved as the day to officially extol the potential virtues of the terminal redevelopment and to fret about the challenges.
June 11, 2019
Tim Schooley - Pittsburgh Business Times
Work is already underway on renovating the 1600-foot-long, 157,237-square-foot Pennsylvania Railroad Fruit Auction & Sales Building into what’s to become the Strip District Terminal that’s expected to largely be a hub for retailers, restaurants and a collection of small merchants and businesses. Across a Smallman Street being reconfigured to be more pedestrian friendly, McCaffery Interests and its development team also are working to renovate 1600 Smallman into an upgraded office address totaling a little more than 120,000 square feet.
June 11, 2019
John Shumway | KDKA CBS Pittsburgh
This is a classic short term pain for long term gain. Mayor Bill Peduto says the transformation of the old Produce Terminal is inspiring. “We’re not tearing it down. We’re going to polish her up. We’re going to give her a brand new use. And this building will be the lifeblood of the regeneration and rejuvenation all along the Allegheny River,” the mayor said. “There are very few places that are more Pittsburgh than the terminal building. This place just is the very fabric of what we are.”
June 9, 2019
Bob Bauder | Trib Live
But when the Chicago-based development firm McCaffery Interests breaks ground on its plans for the historic building Tuesday, the Produce Terminal could again be at the center of a thriving Strip District. “I’m delighted,” said Robert Rubinstein, the executive director of Pittsburgh’s Urban Redevelopment Authority. The authority worked for nearly 10 years to hand off ownership of the landmark Produce Terminal to a developer that would transform it into a viable amenity. “It’s been a very long, arduous process. We’ve had, literally, a dozen staff people working on this project for the...
June 3, 2019
Kristin Hiller | ReBusiness Online
Play2Day, a childcare service for infants and toddlers ranging in age from 2 months to 5 years old, will open at Lincoln Common in Chicago. The 1,510-square-foot location is expected to open in the third quarter of this year. Play2Day joins the growing roster of Lincoln Common retailers, including Equinox, Velvet Taco, Philz Coffee, Athletico, Compass and Kohler Waters Spa. Developed by Hines and McCaffery, Lincoln Common features 100,000 square feet of retail space, 538 apartment units, 40 condominium units, a five-story office building, 850-stall parking garage, 156-room senior living...
May 29, 2019
Jay Koziarz | Curbed Chicago
Right now there are 11 major Chicago megadevelopments in the works. Some are already under construction, while others remain long-term visions for the future. Here’s a look at the large, multiphase projects that will reshape the city in the decades to come. A joint venture formed by McCaffery Interests is preparing to begin construction on an 11-acre redevelopment of the demolished Harold L. Ickes public housing complex. Known as South Bridge, the plan calls for nearly 900 mixed-income residences to spread across clusters of townhomes, six-story apartment buildings, and a mid-rise...
May 23, 2019
Carolina Gonzalez | Crain's Chicago Business
McCaffery's Southside Community Optimal Redevelopment Enterprise Community Development Entity (SCORE-CDE) received $35 million in New Markets Tax Credits (NMTCs) in the most recent distribution. SCORE provides capital to qualifying businesses and projects in highly distressed low-income areas in Illinois and Indiana through the use of NMTCs.
May 22, 2019
John O'Brien | The Real Deal
A cloud software company signed a 47,000-square-foot lease in McCaffery Interests’ Twelve01West building in Fulton Market. ServiceNow will use the fifth and sixth floors of the building at 1201 West Lake Street as its Midwest hub. Colliers International’s David Burden, Patrick Hewitt, Jim Abarta and Grant Zumidio represented the firm. Craig Coupe, Mike Curran and Brad Despot of JLL are handling office leasing for the property. [REJournals]
May 22, 2019
RE Journals
ServiceNow will occupy the fifth and sixth floors of 1201 W. Lake Street, which will serve as the firm’s Midwest hub office. “ServiceNow looked in a few different submarkets but was immediately drawn to Fulton Market, as it offered everything they were looking for,” said Burden, a principal with Colliers | Chicago. “Drawn to the cutting edge atmosphere, new construction, abundant amenities and attractive location for recruiting leading talent, 1201 W. Lake Street was the perfect fit for their growing workforce.”
May 21, 2019
We're thrilled to welcome boutique, drop-off childcare service, Play2Day, to Lincoln Common!


Subscribe to McCaffery Interests News