title
An Ordinance approving the sale of certain real property owned by the County of Allegheny, Pennsylvania to a development group comprised of: Massaro Properties LLC; Langholz Wilson Ellis, Inc.; Kratsa Properties; and Tasso Katselas Associates, Inc. for the sale price of $4,900,000.00 for the purpose of demolishing the current building located thereon and constructing a new development including a hotel, office building, and parking garage.
body
Whereas, the County of Allegheny, Pennsylvania (the “County”) is the owner in fee simple of certain real property located in the 4th Ward of the City of Pittsburgh, identified as Block & Lot Number 28-J-97 and known as 3333 Forbes Avenue, Pittsburgh, Pennsylvania 15213 (the “Property”); and
Whereas, an as-yet unnamed development group comprised of local real estate development firms: Massaro Properties LLC; Langholz Wilson Ellis, Inc.; and Kratsa Properties and local architecture firm Tasso Katselas Associates, Inc. (the “Development Group”), desires to purchase the Property from the County for the purchase price of $4,900,000.00 (the “Sale”) for the purpose of demolishing the current building located on the Property and constructing a new development thereon, which will include a hotel, an office building containing classroom space for Carlow University, and a parking garage which will also include retail space (the “Project”).
WHEREAS, Article IV, Section 2 (k) of the Allegheny County Home Rule Charter AND Article 5-701.03 of the Administrave Code of Allegheny County vests the County's Council with the power and duty by ordinance to convey County owned land, buildings or other real or personal property owned by the County; and
WHEREAS, the County Manager has determined that it is no longer in the interest of Allegheny County to maintain the Property; and
WHEREAS, the County and the Development Group have agreed upon the consideration for the Property which the Department of Economic Dev...
Click here for full text