Development of New Multi-Use Office Tower in Pittsburgh Will Create Hundreds of Jobs, Spur Economic Growth in Western Pennsylvania
Harrisburg, PA (STL.News) Governor Tom Wolf announced that F.N.B. Corporation will enter into a joint venture with Pittsburgh Arena Real Estate Development LP and the Buccini/Pollin Group to develop the FNB Financial Center, a 26-story, 547,888-square-foot office tower in Pittsburgh, which will create 160 new, high-paying jobs. The company has committed to investing more than $220 million into the project.
The site would bridge the historic Hill District neighborhoods with the central business district, and the developer has committed to achieving more than 45 percent MWBE (Minority/Woman-Owned Business Enterprise) participation in the total development effort.
“FNB’s decision to maintain its headquarters in Pittsburgh is a testament to the city’s status as a headquarters-friendly location, and this development will provide a critical anchor to a major redevelopment site in the City of Pittsburgh, strengthening local talent attraction and retention efforts,” said Gov. Wolf. “This development will provide more than just a safe, state-of-the-art working space for thousands of employees in Western Pennsylvania, it will benefit the surrounding community and actively engage minority and women-owned businesses in the area.”
FNB Financial Center will be the first office tower built in the city of Pittsburgh since 2015.