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In the News

February 25, 2019

RIDC to Invest $66 Million in New Development & Other Capital Projects in 2019

Pittsburgh, PA – February 25, 2019 – Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) plans to invest $66 million in capital projects in the Pittsburgh region in 2019, including new development and upgrades to existing properties, said Donald F. Smith, Jr., RIDC’s President. “Developing Mill 19 and investing in other RIDC properties to position them for continued success and long-term growth are a key priority for 2019,” Smith said.

The spending includes completion of construction of the first two buildings at Mill 19, which will be occupied by Carnegie Mellon University’s Advanced Manufacturing Center and a prominent technology company in the automated vehicle space.  The first building is scheduled for completion this Spring and the second in the next 12 months.

Among the other projects, intended to upgrade and add value to existing properties, are:

  • New exterior LED lighting at multiple locations
  • New rooftop tenant amenity at the Chocolate Factory in Lawrenceville
  • New separated sewer line installation in Lawrenceville
  • Roof replacements and major repairs at Keystone Commons, RIDC McKeesport, RIDC Westmoreland
  • Paving replacement and repair at multiple locations
  • Systems upgrades at multiple locations

“If Pittsburgh’s economy is to continue to expand,” Timothy White, Senior Vice President of Development said, “we need to continually upgrade and add to our inventory of real estate to meet the needs – and the expectations for design and quality – of the companies that are driving that growth. We are constantly looking at improvements that will be attractive to companies that are on the move. If we and others in the real estate community can continue to deliver, the future of our region will remain bright.”

About RIDC
The mission of the Regional Industrial Development Corporation of Southwestern Pennsylvania is to catalyze and support economic growth and high-quality job creation through real estate development and finance of projects that advance the public interest. A not-for-profit entity, RIDC owns over 2,800 acres of land in 11 industrial parks and manages over 50 buildings. More information is available at www.ridc.org.

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Media Contact: Desiree Niccoli, desiree@alschulerpr.com, 412-804-8649