RIDC sells Pittsburgh Technology Center building

Date posted: November 26, 2014

November 26, 2014.  RIDC is pleased to announce the sale of its Pittsburgh Technology Center building at 2000 Technology Drive to Tech Drive Partners, LLC.  RIDC built the 4-story 68,000 square-foot office building in 1997.  The building is 100% occupied with multiple tenants including the Pittsburgh Technology Council.  The building sits on 3.86 acres and contains 200 parking spaces.

 

2000 Technology Drive was an early catalyst for the Pittsburgh Technology Center redevelopment, which was one of the first brownfield redevelopment projects in the State.

A true partnership, the Pittsburgh Technology Center was a collaborative project between the Urban Redevelopment Authority of Pittsburgh, RIDC, the City of Pittsburgh, Carnegie Mellon University, the University of Pittsburgh and the Commonwealth of Pennsylvania.  “This redevelopment project led to the Pennsylvania Land Recycling Act, a nationwide model for brownfield redevelopment” states Tim White, VP Development, RIDC.

 

Site remediation and infrastructure started in the late 1980s, with three buildings constructed in the early 1990s by University of Pittsburgh, Carnegie Mellon University and RIDC.  In 1997, RIDC built 2000 Technology Drive.  “University-community partnerships to support the growth of corporate and university collaborations were a key driver in the redevelopment of the PTC and the revitalization of the Pittsburgh regional economy” indicated Dr. Don Smith, President, RIDC.  “With this building, The Oakland Alliance – a consortium of the Pittsburgh Technology Council, The Enterprise Corporation of Pittsburgh, The Ben Franklin Technology Partners (with Enterprise Corporation now known as Innovation Works), and the SW PA Industrial Resource Center (now  Catalyst Connection) – came together with RIDC to advance this key brownfield redevelopment project.”

PTC mill buildings - Allegheny Conference collection

The site when it operated as part of the J&L Steel mill works

 

While it might sound commonplace in 2014 to talk about high-tech and robotics centers, it was truly pathbreaking for this group of partners to come together in 1983 during a difficult local economic time and to create a plan for high-tech riverfront space at a former mill site that had once produced 800,000 tons of rolled steel.

The Pittsburgh Technology Center after it was cleared

The Pittsburgh Technology Center after it was cleared

At the time, the Pennsylvania Land Recycling Act (commonly known as Act 2) did not yet exist and there were few if any best-practices to follow. The successes of today’s Pittsburgh were built on partnerships like the one that came together to redevelop the Pittsburgh Technology Center, not only redeveloping a brownfield but connecting to the new economy and boosting the confidence of the people of Pittsburgh.

 

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