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Groundbreaking looks to future for Strip District Terminal and 1600 Smallman development projects

June 11, 2019

Bob Mayo | WTAE Pittsburgh's Action News 4

For decades, Pittsburghers had known the property in the 1600 to 2100 blocks of Smallman Street as a produce terminal but now the Strip District Terminal and the former warehouse known as 1600 Smallman have marked a new beginning with a groundbreaking Tuesday that is looking to the Strip District's future.

Officials Say Strip's Produce Terminal Will 'Complement' Not Compete With Penn Ave. Merchants

June 11, 2019

Margaret J. Krauss & Rachel Gobep | Pittsburgh's NPR News Station

A full rehabilitation of Pittsburgh’s Produce Terminal is expected to be completed in August of 2020. City and county officials gathered in the Strip District on Tuesday to celebrate the building’s future. Small cocktail tables dotted the now-empty terminal, separated from construction vehicles and debris by a temporary stage. A three-piece band warmed up as waiters circulated with glasses of water. Standing just inside one of the old unloading docks, Mayor Bill Peduto said restoring the building is the linchpin to continued growth of the Strip.

'We’re going to give her a brand new use.' Produce terminal rehab finally hits its stride

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.

Chicago developer kicks off construction on long-awaited Smallman Street projects

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.

‘A Very Lively Social Space’: Strip District’s Produce Terminal Is Transforming

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.”

After decades, Produce Terminal on the cusp of redevelopment

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...

Play2Day to Open at Lincoln Common in Chicago

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...

11 megadevelopments that will transform Chicago

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...

$85 million granted for urban developments in Chicago

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.

ServiceNow signs big office lease in Fulton Market

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]

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