Lubert-Adler signed to buy the Pittsburgher as key parts of the Kaufmann’s Grand mission are full – WPXI

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WPXI Pittsburgher Sign The blade shield of The Pittsburgher, an office building on Forbes Avenue that was renovated to keep its original name when it was a hotel in the early 20th century. The building is directly opposite the new Kaufmann’s Grand on Fifth building of the Lubert-Adler Real Estate Fund. (Tim Schooley / Pittsburgh Business Times)

June 17, 2021 at 9:55 a.m. EDTBy Tim Schooley – reporter, Pittsburgh Business Times

PITTSBURGH – Dean Adler’s ambitions to revive the prospects for the downtown merchant redevelopment Grand on Fifth crosses Forbes Avenue to include The Pittsburgher office building.

Amid a host of new upgrades and updates to revitalize the million square foot department store building, the Philadelphia-based CEO of Lubert-Adler Real Estate Funds announced that his company has signed an agreement to purchase the neighboring office building on Forbes Ave. 428 has met. a 25-story building with a total area of ​​approximately 130,000 square feet.

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He emphasized that nothing is official until the final purchase.

Read more from our news partners in the Pittsburgh Business Times.

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