U.S. Steel Announces New World Headquarters Project in Pittsburgh’s Lower Hill District
- Nov 29, 2014
In a joint announcement with the Pittsburgh Penguins, United States Steel Corp. has unveiled its plans to establish a world headquarters at the 28-acre site of the former Civic Arena in the city’s Lower Hill District.
According to the Pittsburgh Business Times, the new five-story building will offer a total of 268,000 square feet of space, with 800 of U.S. Steel’s employees occupying 250,000 square feet. The rest of the facility will host the company’s steel museum, along with other retail space.
Construction on the project, which will consolidate a number of U.S. Steel’s operations currently housed in the 64-story U.S. Steel Tower downtown, is expected to begin in August or September 2015 and be completed in about 22 months. The company’s lease term spans a minimum of 18 years.
Still in its early stages, the Civic Arena redevelopment led by the Pittsburgh Penguins will include a 600,000-square-foot office component, 200,000 square feet of retail and entertainment space and about 1,100 residential units.
Located across the street from CONSOL Energy Center, the new U.S. Steel building will be owned and operated by a joint venture between developer Clayco and Pittsburgh Arena Real Estate Redevelopment LP, an affiliate of the Penguins.
A final cost of the project will be released at a later date.
During the companies’ Nov. 24 news conference, Gov. Tom Corbett also announced a three-year $15 million commitment from the state of Pennsylvania that would support the construction of the new facility. Furthermore, U.S. Steel will receive new market tax credits from the City of Pittsburgh, along with additional incentives from the Local Economic Revitalization Tax Assistance.
“As we continue on our Carnegie Way transformation journey and write the next chapter in the history of U. S. Steel, we are proud that our roots will remain firmly planted in Pittsburgh as we call the lower Hill our new home,” U.S. Steel President and CEO Mario Longhi said in a news release. “These headquarters are an important investment in our employees and our future, as we foster increased collaboration far beyond the walls of this new building.”
The project’s architect is Forum Studio, which is part of the Clayco group of companies.
“U. S. Steel has been such an integral part of Pittsburgh’s heritage, and now this iconic company is leading the way on an exciting and transformational development for the 21st century,” added Pittsburgh Penguins President and CEO David Morehouse. “By placing its new headquarters here, U. S. Steel will be a catalyst for development on a site that we envision as a modern urban mix of residential, office and retail space. It is a great day for Pittsburgh and a great day for our region.”
Photo credits: United States Steel Corp. and Pittsburgh Penguins
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