Pittsburgh On List Of 15 Emerging Downtowns
PITTSBURGH (KDKA/AP) – Pittsburgh has been named among 15 cities in the U.S. with emerging downtowns.
Forbes magazine released its list Tuesday.
Forbes says since downtown Pittsburgh office space was 94.5% leased, compared to 85% a decade earlier.
The Pittsburgh Downtown Partnership says since 2009, 219 new housing units have come to market, with another 346 under construction.
Also, the number of residential developments has more than doubled in the past 30 years.
Two Ohio cities also made the list, Cincinnati and Cleveland.
Cincinnati’s major projects include a $600 million retail and residential development on its riverfront known as The Banks, a $110 million streetcar set to open in 2016, a $120 million riverfront park and a $400 million casino.
Cleveland’s projects include a casino, new aquarium, a new convention center this summer and a $200 million mixed-use development.
Other cities that made the list include Detroit, Milwaukee, Atlanta, Denver and Louisville, Ky.