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Friday133
07-06-2007, 08:02 AM
Dick Corp. moving to South Side
Construction giant to occupy $25 million-$30 million office building
Friday, July 06, 2007

By Mark Belko, Pittsburgh Post-Gazette

Nearly two years after American Eagle Outfitters decided to relocate its headquarters to the SouthSide Works complex, another corporation is preparing to make the same move.

Dick Corp. is planning to move its worldwide headquarters from Jefferson Hills to the South Side as part of the development of a new five-story office building at Sidney and Hot Metal streets, Executive Vice President Norm Fornella said yesterday.

The construction firm hopes to break ground on the office building by late fall and have the project completed before the end of 2008.

Dick also is looking for other tenants to occupy the 150,000-square-foot building, which would add to the growth of the retail, entertainment and office complex.

The project is expected to cost $25 million to $30 million.

"We like the location of the SouthSide Works. We like the whole atmosphere of being walking distance away from restaurants and retail for our employees and the close proximity of the city and the airport," Mr. Fornella said.

Mayor Luke Ravenstahl is expected to formally announce details of the development today. Construction would take place on vacant land owned by the city's Urban Redevelopment Authority. Mr. Fornella said Dick had been working with the mayor and URA Executive Director Jerome Dettore for some time on the development.

"I'm excited about the commitment the Dick Corp. will be making to the city of Pittsburgh. I'm excited about the fact that we will be creating 80 jobs in the city of Pittsburgh," Mr. Ravenstahl said last night.

"And I'm excited about the continued development of the SouthSide Works, which has been a wide success thus far, and ideally to continue, and with Dick Corp.'s interest and impending move there, I think it shows that interest still exists and development is taking off."

CB Richard Ellis and its Trammell Crow subsidiary are working with Dick Corp. on the development. Dick is expected to occupy 20 to 25 percent of the building, with the rest devoted to other tenants.

"It shows confidence in the city," Mr. Fornella said of the development.

Michael Cahn, senior vice president of CB Richard Ellis, said his firm is in discussion with a number of prospective tenants for the office space.

The announcement comes as American Eagle gets ready to move 350 employees into its 186,000-square-foot headquarters at SouthSide Works on Monday. Another 300 or so workers will make the move when the retailer completes a second 150,000-square-foot building closer to the Monongahela River.

Dick Corp. had considered relocating its headquarters to The Waterfront complex in Homestead earlier in the decade and had worked on a building there for a year before deciding against the move in late 2002 because of cost concerns.


Post-Gazette (http://www.post-gazette.com/pg/07187/799698-53.stm)

BlitzburghRockCity
07-06-2007, 08:49 PM
Being that Im not from the city, is this a good move in the opinion of the Pittsburgh residents ?

Friday133
07-06-2007, 08:55 PM
Its not a bad move. South Side Works is one of the newer developments in the city. Its close to a lot of things. Dick is a pretty good GC, one of the larger ones in the country.

BlitzburghRockCity
07-06-2007, 09:02 PM
Seems like the city is really doing well these days with all the improvements, building's being built and companies relocating to the area.

I know my area is growing like crazy too with companies have their headquarters here and such as well. It's good for the economy but it sucks for traffic.

SteelCityMan786
07-06-2007, 11:21 PM
Seems like the city is really doing well these days with all the improvements, building's being built and companies relocating to the area.

I know my area is growing like crazy too with companies have their headquarters here and such as well. It's good for the economy but it sucks for traffic.

everything has its good and bad parts.

manofsteel
07-07-2007, 06:26 PM
Definately a good move. THe are gonna bring alot of money with them and Clients too. That meens shopping lunch and airfare . City is back on the rise. Cultural District, Condos Dahntahn, SLots Licsence and Casinos, Steelers always bring alot of Cash, and the New Areana. Plus wth the Waterfront and Soutsidworks being big attractions and Pittsburgh Public School District Rankings better and better its gonna bring alot of young coples back to the burgh