Final Report
 
Development and Revitalization of the
Fifth and Forbes Area of
Downtown Pittsburgh

 
Prepared for:
Plan C Task Force
Pittsburgh, PA
 
Prepared by:
Hunter Interests Inc.
Annapolis, MD - New York City - Clearwater, FL
 
January 2002
 


 
Table of Contents
 
You will need the Adobe Acrobat Reader© to view the downloaded info.
Download      Page
contents.pdf   Table of Contents    ---
planc.pdf I. Executive Summary     1
  II. Background and Introduction     6
  III. Market Analysis
      A. Retail
      B. Residential Market Scan
      C. Hotel Market Scan
      D. Other Market Opportunities

    8
    8
  12
  13
  15
  IV. Problems and Opportunities
      A. Retail Mix
      B. Vacancies
      C. Building Deterioration
      D. Small Parcels and Floor Plates
      E. Cleanliness and Sanitation
      F. Street Life
      G. Parking
      H. Crime and Security
      I.   Building and Facades of Historic Value
      J.  Department Stores
      K. Market Square
      L. Compactness and Urban Character
      M. Image and Identity

  17
  17
  17
  18
  18
  18
  18
  19
  22
  25
  25
  26
  28
  28

  V. Approach to Revitalization
      A. No Easy "Quick Fix"
      B. Repositioning in the Regional Market
      C. Unique Stores and "One-of-a-Kind" Experiences
      D. The Need for Some "Big Splash" Projects
      E. Taking the Best Features from Seven Past Plans
  30
  30
  30
  31
  32
  32

VI. Recommended Revitalization Strategy
      A. Rehabilitation + Redevelopment = Revitalization
      B. Five New "Big Splash" Redevelopment Projects
      C. Department Store Retention and Expansion
      D. The Public Market and Market Square Revitalization
      E. Managing the Retail Mix
      F. Clean and Safe--Improving the Fifth and Forbes Environment
      G. Other Improvement Actions
  34
  34
  42
  71
  73
  76
  77
  78
VII. Financial Analysis and Capital Cost Projections
      A. Overview and Methodology
      B. Conceptual Building Programs and Key Assumptions
      C. Pittsburgh Retail Leasing Program
      D. Pittsburgh Retail Parking Program
      E. Program Financial Summary
  79
  79
  79
  82
  88
  89
  VIII. Pittsburgh Catalyst Project Economic and Fiscal Impact Analysis  93
appendices.pdf Appendix A
Appendix B
 
Appendix C
Appendix D
Appendix E

Summary of Pittsburgh Retail, Residential, and Hotel Markets
Proposed Short-Term "Stem the Tide of Deterioration" Actions
Proposed by the Pittsburgh Downtown Partnership
Public Markets
Events
Business Improvement Districts Elsewhere
100
139
 
141
150
152

 


 
[ Pittsburgh Home ]