By the end of the year, the University of Pittsburgh Medical Center
(UPMC) will occupy the site at 450 Melwood Avenue, a 61,000 square-foot property that is the first phase of a development by Real Estate Enterprises.
“We provided UPMC with a warm shell. They are responsible for the build out that will begin in September. They have a great need for space,” says Lars Olander, a partner with Real Estate Enterprises, who acquired the property in 1999.
Olander notes that the building’s renovation is timely when considered within the context of surrounding development. “The Baum corridor is really gaining momentum and UPMC has become a major player,” he says. The building is located three blocks from the UPMC Cancer Center.
The renovation of the 1930s-era building was designed by Renaissance 3 Architects. Green elements include day lighting, an energy-efficient HVAC system, a bike room and shower. “We want it to be a productive work space,” adds Olander.
Real Estate Enterprises owns the property beside and behind the building and are currently constructing surface parking beside the building. Plans call for a two-decked parking facility with 170 spaces in the rear. The company eventually plans on a total of 500 parking spaces in the Melwood-Baum corridor.
The Melrose Ave. building previously housed a snack food wholesaler. The street, once dubbed “Automobile Row” in its heyday, features rehabilitated industrial buildings occupied by Pittsburgh Filmmakers
, Pittsburgh Plumbing and Ferrari.
Writer: Jennifer Baron
Source: Lars Olander, partner, Real Estate EnterprisesPhoto copyright © Jonathan Greene