Pittsburgh Mayor Bill Peduto announced Friday that the Urban Redevelopment Authority
and the Buncher Co.
agreed to a six-month hold on Buncher’s plans to develop a section of the Strip District which includes the produce terminal building on Smallman Street.
Buncher’s proposal involves demolishing the western third of the building, but Peduto has met with company executives regularly since taking office in January in an effort to find an option that would see the building preserved.
“What six months does is allow us to put together a viable economic plan for the adaptive reuse of the terminal building,” Peduto says. “If we can find other options that would help to see their development occur, help to preserve the terminal building and create an adaptive reuse for it, we’re going to pursue it, and Buncher is willing to be a partner in helping us get there.”
In addition to preserving the building, the city would like to see Smallman Street completely refurbished from the David L. Lawrence Convention Center to St. Stanislaus Kostka Church, including making the stretch more friendly to pedestrians and cyclists and transforming the area into Pittsburgh’s answer to Seattle’s Pike Place Market or Philadelphia’s Reading Terminal. According to Peduto, it’s just one section of the Allegheny Green Boulevard
and Allegheny Riverfront Vision
, plans the city would like to implement.
The agreement, which allows the city to work with other developers in trying to find a solution which both preserves the terminal and meets Buncher’s need for access to the site of its planned $450 million Riverfront Landing project, does not usurp Buncher’s option to buy the building from the URA for $1.8 million. Any equitable solution, Peduto says, will involve access to the site through the terminal.
“Even the preservation community understands that would be a condition by which the preservation of the building could happen,” Peduto says. “Even with that, it opens up the terminal building in a way that you have different pods, and those pods could be of different uses, from housing to commercial to other options that are kind of cutting edge. With all those proposals that are out there, the critical part of the next six months is showing the financing.”
Writer: Matthew Wein
Source: Bill Peduto