First tenants at Grandview Yard unveiled - Pittsburgh Business Times:

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Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wants to build the first $40 milliomn worth of projects as it continuee planning forthe $500 million to $600 millio n redevelopment on 90 acres in the suburb’s industriall core. The city’s planning commission will consider the HyatttPlace hotel, Urban Active fitness center and a planne d Jason’s Deli in the office buildinf as conditional uses. The preliminary and final development plan must go throug the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designer of the three-story office plans to occupy atleasf 20,000 square feet on the top The plans mark the first projects presented to the city for approval since Nationwide Realty first began acquiring the former Big Bear Storess Co. distribution complex and surrounding properties inMay 2006. In conjunctionn with the real estate projects, Grandview Heightd City Council at its July 6 meetinv heard a first reading of a developmenf agreement between the city andNationwidse Realty. The resolution outlinew how the city will payfor $78 million in road improvementsw and utilities inside Grandview Yard and anotheer $41 million in off-site publiv improvements.
Other legislation in support of the development agreement is expectefd to be introduced as early as a special July 13councikl meeting. Construction on the three buildingse and the first phase of road and utility projectz could begin as early aslate August. The hotel and fitness center shoule open infall 2010, said Nationwide Realty President Brian Ellis. “We should be prettg well positioned to get the project going,” he said. The city’s mayod welcomed the sign of progress despite the tough economic environment. “Getting something out of the Mayor RayDeGraw said, “will attract attentionj and more people.
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