Brought to you by the URA Wherever you are, there’s the URA. HERE WE ARE.

Allegheny Riverfront IN HERE.

BodyMedia OVER HERE.

Central Northside WHO WE ARE The URA’s Center Since 2006, the URA has URA-financed housing for Innovation and leveraged $60 million in units will generate Entrepreneurship Tax Increment Financing an estimated $170 million provided 401 loans/grants to create $520 million or a $2.9 million increase totaling $580 million in total investment. This in annual City/School with $80 million of has created or retained District tax. URA investment. over 3,579 new jobs in (2006-2012) (2006-March 2013) the City of . (2006-2012) URA provided $348 million of direct approximately investment in economic Housing development $9.4 million in loans development projects projects totaling and grants to rehabilitate leveraged over a billion $545 million were 611 housing units dollars in total project initiated, creating and approximately costs that created or 4,024 housing units $20.3 million in retained 6,589 jobs. with $138 million mortgage loans A bold (2006-2012) of URA investment. for the purchase of (2006-2012) 422 housing units. (2006-2012) new vision for Pittsburgh

Your neighborhood bistro. SPARKING ECONOMIC AND MISSION WHO HOUSING DEVELOPMENT Your favorite bike trail. The Urban Redevelopment Your go-to shopping spot. We understand how people Authority of Pittsburgh The roof over your head. want to live in today’s cities (URA) is the City of Everywhere you look, and what makes a region Pittsburgh’s economic the URA is a big part grow. As times change and development agency, of the picture. new challenges or opportunities committed to creating jobs, arise, the URA is poised to expanding the City’s tax WE The Urban Redevelopment move Pittsburgh forward base and improving the Authority of Pittsburgh (URA) in two areas: vitality of businesses and neighborhoods. is many things to many people. economic development The URA achieves this But most of all, we are a and housing development. mission by assembling, resource for getting things preparing and conveying done. With an ethos of From funding basic home sites for major innovation and a strategic improvements to spiffing mixed-use developments; vision for Pittsburgh grounded up storefronts to dramatically and by providing a portfolio in stability and sustainability, ARE transforming entire of programs that include the URA’s influence can be felt neighborhoods, big things financing for business everywhere there’s excitement, are happening. You can see location, relocation energy, growth, jobs and people. them everywhere. and expansion, housing construction and rehabilitation, and home purchases and improvements.

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 9 BIG ON THE ‘BURGH A SNAPSHOT OF PITTSBURGH

TheAtlantic.com HuffingtonPost. “Where the Brains com Are Going” #20 among Top 43 Prettiest Cities in Bicycling.com the World #28 among America’s Top 50 Milken Institute Best Bike Cities Pittsburgh is one of the Best Bloomberg Performing We make Businessweek Cities 2012: Where America’s #7 among Top 10 Cities for College Jobs are Created Pittsburgh livable Grads and Sustained

The Business Movoto.com Journals Pittsburgh is America’s The time has come GROWING OUR GREEN #23 in Top REPUTATION 100 National smartest city. for Pittsburgh to shine. Small-business Vitality Rankings National With the URA’s Sustainability Geographic With main street Traveler and Green Design Policy, we Career Bliss Best in the World: business districts booming, are keeping Pittsburgh front #5 Happiest City for Workers One of the Top 20 BIG “old” neighborhoods Places to Visit in and center when it comes to #4 among 2012 like Lawrenceville, environmentally responsible Happiest Cities East Liberty and the Strip planning and innovation. for Job-seeking New York Post “Springtime for District are suddenly Central Pittsburgh: Old ON THE From news stories touting Connecticut and new blend new again. And “new” State University perfectly in an ever neighborhoods like Pittsburgh’s embrace of green #4 Most Literate more interesting Summerset at , technology and innovation to City in the U.S. Steel City” Federal Hill and Crawford its return appearance year after ChainLinks Site Selection Retail Advisors Square are redefining year on just about everybody’s Pittsburgh among list of best places to live, there’s #10 in Top 10 top 10 for economic the modern, vibrant Healthiest Retail development a new momentum you can see Markets in projects ‘BURGH urban lifestyle. America and feel. Under30CEO.com CNBC One of Top 10 Making our City livable—not #1 Best City Cities for Young just to the list-makers but to to Relocate to Entrepreneurs in America the people who actually call it USA Today / home—is the goal of the URA. Forbes.com Forbes #1 Most Livable One of the World’s And when a city is livable, good City in America Top Ten Skylines things follow. Tax revenue #3 Safest, Most U.S. Conference grows. Property value grows. Secure Place to of Mayors Live in America Pittsburgh: Pride grows. World Economic Powerhouse

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 11 BIG ON THE ‘BURGH

“Market Square is the heart ATTRACTING AND RETAINING of Downtown. Renovating A STRONG this historic space was an WORK FORCE important milestone for If Pittsburgh works, the City. Now that it’s once it’s because we keep again filled with restaurants, enough of our young music, shopping and activity, talent here and attract local residents and visitors exceptional employees Market Square can feel pride in this special from other places. DOWNTOWN place that’s become not only But we could do better. a Downtown destination, Historic Market Square is And we will. located at the intersection but a regional one.” of Market Street and in the core of Luke Ravenstahl From bike trails to . It had coffee shops to popular been a familiar urban oasis for Mayor, City of Pittsburgh Pittsburghers of all generations, retailers within walking but in recent years, reviving distance of where you live the deteriorating thoroughfare to bring investment back and work…we’re working to the area and attract more “On the Market Square on it. Maintaining and upper-floor tenants became project, the URA functioned improving the local a priority for the Ravenstahl administration. Since Market as the project manager. flavor of Pittsburgh’s Square reopened in 2010, They were extremely urban neighborhoods… pedestrians now enjoy invested in this project at new street construction we’re working on it. and aesthetic lighting, a every level and today, they Helping small business new pedestrian-only center still pay close attention to owners take off and island and beautiful “Paris to Pittsburgh” landscaping and what’s going on in Market making sure big players piazza. Downtown employees, Square. Making it a clean, get into the game… residents and visitors flock safe, well-maintained place to Market Square’s Farmers’ the URA is working Market and unique restaurants, where people have a great on it. And that’s why dine al fresco at the café tables time encourages more Pittsburgh works. and enjoy live music on the Market Square stage. With a Downtown jobs, residents rich history as an Abolitionist and visitors. Today, and Underground Railroad site, Market Square is a major Market Square has regained its former glory. With a total public catalyst for private sector investment of $3,750,000 and investment.” numerous URA and Pittsburgh Downtown Partnership storefront Jeremy Waldrup improvement grants, Market Square now boasts 33 opened President and CEO and planned restaurants, PITTSBURGH DOWNTOWN more than 480 completed PARTNERSHIP and planned residences and $1.5 billion in investment.

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 13 TOP TEN TOTAL PROJECT FUNDING THE DREAM COSTS FOR ECONOMIC DEVELOPMENT DEALS ($581 MILLION) Three PNC Plaza American Eagle $175 MIL $21 MIL Bakery Square Pittsburgh Economic development $130 MIL Technology Center Garage Piatt Place $17 MIL that changes lives $83 MIL Eastside II Eastside V : Target $34 MIL $46 MIL All too often, developers First, we conduct a thorough Bridgeside Riverfront Park Point II analysis of a project’s $13 MIL and small businesses $46 MIL potential for success, its find themselves in an Market uphill battle trying to ability to make a positive Square Place $37 MIL FUNDING put together financing. impact on a neighborhood So they decide it’s easier and its alignment with the goals and objectives of the to give up rather than community it will call home. “We located in tackle yet another hurdle If the project meets these because that’s where THE or overcome still one objectives, the URA steps we found the perfect more roadblock. And in to help out. space and the URA when projects stall out helped us every step of or go under, nobody the way. We may have ACQUIRING AND PREPARING been pioneers when we benefits. That’s not SITES FOR DEVELOPMENT acceptable. first opened in Garfield, If we believe that developing but today, it’s way DREAM The URA is here to get a brownfield, abandoned beyond a renaissance. The streets are still things done. We are the or other underutilized site could positively transform packed with activity bridge, the helping hand a neighborhood, we may at 10:30 at night where or the pedal to the metal purchase that site there used to be only for people who have a ourselves and prepare dark storefronts. vision for improving it for development. We’ve blown our initial our City. projections out of The URA is always ready to the water by more proactively acquire locations than 50 percent.” WORKING IN PARTNERSHIP WITH LENDERS that could enhance a Kevin Sousa community’s vision of where Chef, Co-Owner Through strategic lending it wants to go. SALT OF THE EARTH to developers and small SALTPGH.COM businesses, we close the gap Employs: 20 and bring projects to life. Locally Owned Opened September 2010

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 15 FUNDING THE DREAM

“The URA quarterbacked this entire project. Their involvement very early on made all the difference. When you look at the amount of public money spent, the return on investment is immeasurable. The effect of Google opening an office here and then doubling its space is already great, but it’s nothing compared to what it will be. Without the URA, this project would have been a shadow of what it is today.”

Todd Reidbord President

WALNUT CAPITAL MANAGEMENT, INC.

Bakery Square Bakery Square, in Pittsburgh’s from the nearby University heavily populated East End, of Pittsburgh and Carnegie is a trailblazing lifestyle center Mellon University. Google environment at the former currently employs 275. Nabisco Bakery location. An abandoned industrial site Bakery Square is also designated “blighted” home to UPMC Technology in 2006, Bakery Square Development Center, CMU today brings a unique urban Software Engineering Institute, aesthetic to the neighborhood VA Human Engineering by integrating historic Research Laboratory and Pitt architecture with sustainable SHRS — bring high playing new construction. It includes technology jobs to the area. retail, dining, hotel, fitness Due to the overwhelming and office space that has success of Bakery Square, spurred new excitement and the developers have complements the more than embarked on Bakery Square $500 million in investments 2.0 which will feature over in the East Liberty and 400 new apartment and neighborhoods. Bakery townhomes and 400,000 Square is also home to the square feet of new Class A newest offices of Google, a office space. major employment magnet for young people graduating

16 AT HOME IN THE CITY “The URA has helped us have that critical conversation about what a sustainable community looks like— a community of tomorrow, not just of today. From our community garden, to a community oven through our Housing development projected new housing strengthens neighborhoods developments, we are allowing the residents to AT HOME stake out an equity claim in their neighborhood.” In addition to helping TARGETING DEVELOPING NEIGHBORHOODS finance commercial Malik Bankston Executive Director development, the URA The URA also invests in IN THE invests in places people qualified homeowners who KINGSLEY ASSOCIATION want to live. In other want to purchase or improve words, high-quality, homes within the City limits. “In our neighborhood, affordable housing. We fill the gaps between what the bank will lend and what URA funded development is contributing to the Working with developers, the homeowner needs. crime rates going down, we help bring residential the blighted properties properties to life that By focusing our resources on neighborhoods where disappearing and the have a sense of place and CITY the market could use a boost, feeling that together, belonging within the larger the URA has been and will we’re building a safer community. Whether continue to be a valuable community. People for sale or rent, housing resource for countless should live with pride development is part homeowners who contribute and dignity, and the of the URA’s strategy so much to the fabric and URA is helping us ensure to attract more people to character of the City that. Success is gradual, the City and make them of Pittsburgh. but it is absolutely feel right at home. happening right before our very eyes.”

Aggie Brose Deputy Director

BLOOMFIELD-GARFIELD CORP.

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 19 AT HOME IN THE CITY “We thought we’d end up buying a classic old Pittsburgh house. But when we heard about the Garfield Homeownership Choice program through the -Garfield Corporation, we took a look. The home was brand new and beautiful. Given the amazing location just a block from my daughters’ Waldorf School, and with green space that you rarely find in Garfield, we were sold. The URA helped us get a second Community deferred mortgage and today, I feel so Development connected to this neighborhood and BLOOMFIELD, EAST LIBERTY, thrilled that we found this home.” GARFIELD, LARIMER Zuleikha Bjork Neighborhoods that have struggled Garfield Homeowner in recent decades to attract and keep Since August 2010 residents are once again attractive places to live. For the Bloomfield- Garfield Corporation, URA support has come in numerous ways, including the formation of its Homeownership Choice Project, which is creating demand for 50 new homes that are selling as quickly as they can be built. Bringing new, high-quality rental units to the area is also a priority, as is pushing the positive momentum of its recent North Fairmont home rehabs further into Garfield. For East Liberty Development, Inc. (ELDI), URA support has come in the form of helping ELDI take control of every abandoned or vacant property in the neighborhood, rescue 337 rental units from negligent landlords and strategically plan for the development of new construction that has seen the neighborhood’s highest home price go from $150,000 in 2002 to $340,000 in 2011. For the Kingsley Association in Larimer, URA support has helped create a 20-year Vision & Land Use Plan that encompasses everything from infrastructure and housing to green space, density, stormwater management and neighborhood retail development.

20 SELECT URA SUPPORTED GREEN IS GOOD LEED CERTIFIED PROJECTS

Bakery Square David L. Lawrence Phipps Conservatory LEED CS Platinum Convention Center Welcome Center LEED NC Gold LEED NC Silver Consol Energy LEED EBOM Platinum Center Three PNC Plaza LEED NC Gold Market Square Place LEED CS Gold LEED CS Gold

“Developing SouthSide Works on an old steel Harnessing Pittsburgh’s mill raised numerous issues like stormwater green power management and capping the slag under the site. But the extra money and effort “Going green” has brought mixed-use developments. paid off. To make it a lot of green to Pittsburgh. All new URA-funded happen, we needed One of the URA’s top residential construction must GREEN ® the URA and they priorities is to keep the green earn the ENERGY STAR needed us. Ultimately, money flowing in, in terms rating and the URA strives our joint vision came of investment capital to include “green” aspects in to life with a truly every project and across all and development. unique shopping lines of our business. and entertainment IS Pittsburgh’s growing destination, plenty reputation for sustainable of public access to GREEN GROWS building and land use practices OUR ECONOMY the river and 35 acres has garnered national and of developed space international press. The An emphasis on sustainable that includes the URA has played a large role practices has paid off for global headquarters GOOD in helping Pittsburgh pump Pittsburgh and will continue of American Eagle up its green stats and, in 2011, to do so in a big way. Outfitters.” had almost two-dozen green It makes good economic sense Mabon Lichtenfels projects in the works. Former Vice President for businesses for so many of Construction reasons; it lowers operating Today, the URA’s Sustainability SOFFER ORGANIZATION costs, increases health and Green Design Policy and productivity, reduces SouthSide Works includes all aspects of our absenteeism and brings higher Employs: 2,700 activities from day-to-day rental and retail sales rates. Opened 2002-2004 office operations to the 330,000 sq. ft. of specialty development of large-scale retail, restaurant, hotel and apartment space 700,000 sq. ft. of office space

URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 23 GREEN IS GOOD

“Because of the sheer size and scope of this project, we worked with multiple mayoral administrations over more than a decade. The one constant was the URA. Of our 240 acres, we’ve remediated and Nine Mile Run/ returned 110 back to the Summerset at City as parks, bike trails and stream crossings. Frick Park Our standards for this SQUIRREL HILL

project have even been Nine Mile Run is a small adapted by the U.S. Green stream that flows mostly underground through Building Council, Pittsburgh’s East End. a non-profit organization It is home to 250 plant species, 22 mammals dedicated to sustainable and 189 types of birds. building design and The Army Corps of Engineers completed construction and a full-scale aquatic developers of the LEED ecosystem restoration of Nine Mile Run in July 2006, building rating system.” making it the largest urban stream restoration in the Craig Dunham United States at the time. President It sits adjacent to , DUNHAM REGROUP, LLC one of the first brownfield sites in the United States to be remediated for residential use. Today, the “new traditional” neighborhood embraces sustainable design, pedestrian-friendly living and energy-saving features that are 30-50 percent more efficient than the average home. When fully occupied, Summerset at Frick Park will have over 700 residences and annual property tax revenue is estimated to be in the range of $5.7- 6.3 million.

24 25 “The URA partners with us to “Working with the URA required “Today’s URA is not our fathers’ “The URA is very forward-thinking do the challenging deals that we continuing partnership to advance URA. Today’s URA is not only and open minded. They introduced could never do on our own—then the Summerset at Frick Park interested in deals, but most us to some great investment we do the rest. Without the URA project, secure financing and keep importantly, in where and how the prospects. They are a great partner at the table, we would not be seeing adjusting the scope to make it the deal develops. They partner with and are aligned with our goal of the kind of transformation we best it could be.” us to support the growth of ideas at being a viable young tech company have now in East Liberty.” the neighborhood level in unique that is creating jobs and recruiting Craig Dunham and special ways. They have put young people from the local Maelene Myers President Executive Director ‘community’ back into community university system.” DUNHAM REGROUP, LLC development.” EAST LIBERTY DEVELOPMENT, INC. Tom Costa Malik Bankston Chief Operating Officer Executive Director SHOWCLIX, INC. KINGSLEY ASSOCIATION HOWDY, PARTNER NOBODY SHOULD GO IT ALONE

The URA always works in partnership with other lenders and developers because we believe it’s through teamwork and shared ideals that “The URA is a very responsive, “We have been partnering with “ The URA has partnered with us for decades. Together, we began the best things happen. professional and pragmatic partner. the URA since Bob O’Connor On our Federal Hill residential was mayor. They went through the revitalization in We don’t go it alone, and neither should project, they had a ‘let’s get this their whole menu of what they the 1980s. Along with the could do for us and Bakery Square Pittsburgh History and Landmarks you. When a developer, business owner done, let’s be flexible’ attitude, but they were still strong monitors would never have achieved its Foundation, they literally saved or homeowner partners with the URA, of the funds. With them, it wasn’t full potential without the URA the neighborhood. They are critical we all work together and suddenly, an open checkbook. But they as partners. A public-private to any neighborhood development it’s a go. believed in our project and made partnership is the only way this strategy and are one of the most it happen.” project could get done.” respected public authorities in the country.” Developers get their financing. Andy Haines Todd Reidbord Families get their dream home. Vice President President Stanley Lowe Former Managing Director Small business owners set up shop. S & A HOMES AFFORDABLE WALNUT CAPITAL MANAGEMENT GROUP, LLC Large employers get the kind of HOUSING DIVISION MANCHESTER CITIZENS CORP. building people want to work in and live near. And everybody shares in the pride of creating something special.

26 URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 27 URA BOARD OF DIRECTORS

“The UR A is basically our extended “The most impressive thing about staff. That’s the kind of partner the URA is that they are a strategy they are. Do we always agree? No. partner, not just a deal funder. They But without the staff at the URA, sit at the table and help us work not one of our projects would have through large strategic issues and happened. They live and breathe are deeply invested all the way ‘partnership’ and they have utterly through the process.” transformed these neighborhoods.” Steve Mosites Aggie Brose President Deputy Director THE MOSITES COMPANY BLOOMFIELD-GARFIELD CORPORATION

“We have always had a very good, Yarone S. Zober, Esq. The Honorable R. Daniel Lavelle “The URA was a very responsive CHAIRMAN VICE CHAIRMAN partner. They guided us cooperative relationship with the Chief of Staff to Mayor Luke Ravenstahl Pittsburgh City Councilman, District 6 through the process of opening URA. It’s a strong public-private a Downtown business and at every partnership that also gives the local step, when we’d submit something, communities a voice in the process. they’d get back to us immediately In the end, the result is well worth and always keep us informed the time it took to get there.” of where things stood.” Mabon Lichtenfels Former Vice President of Construction Alexis Shaffer Co-Owner SOFFER ORGANIZATION 21ST STREET COFFEE

The Honorable Jim Ferlo James T. Kunz, Jr. TREASURER Business Manger, International Union State Senator, of Operating Engineers Local 66 “The URA lent us money to build 38th Senatorial District it out, helped me develop the “In the past, it has been challenging business plan and gave us leeway to develop Downtown, but it’s on our payments in the early days, turning around thanks to the as we started up. They had faith URA. They were the common in me and what we wanted to do. denominator to the success of all There is so much energy in the area our projects in the City.” now and the URA partnership is the only reason it’s happening.” Lucas Piatt Chief Operating Officer Kevin Sousa MILLCRAFT INDUSTRIES, INC. Chef & Co-Owner SALT OF THE EARTH Bill Rudolph Robert Rubinstein Principal, McKnight Realty Parnters Acting Executive Director, URA MEET THE BOARD 28 29 You are the URA.

If you live, work or play in Pittsburgh, the URA touches your life.

By giving shape and form to the collective vision of everyday people, in proud urban neighborhoods, the URA is your voice.

By transforming Downtown and giving rise to a bold new vision for Pittsburgh, the URA is your catalyst.

By working to protect the environment we all share and holding ourselves to a high standard of sustainability and stewardship, the URA is your resource.

To learn more about the URA, visit URA.org / everywhere

Design: walltowall.com / Photography: Jack Wolf URA.org / everywhere

200 Ross Street Pittsburgh, PA 15219

412.255.6600 [email protected]