Pittsburgh Penguins select JLL as owners representative on redevelopment of the former Civic Arena site

January 28, 2015 Laura McDaniel

PITTSBURGH, June 11, 2012 – JLL (NYSE: JLL) has been selected by the Pittsburgh Penguins as the owner’s representative for the redevelopment of the former Civic Arena site. Together, JLL and the Penguins will finalize a financially feasible master plan for the redevelopment of the Penguins’ 28-acre land site that suits the Penguins’ and the Pittsburgh region’s long-term economic and community interests.

JLL will market the development to prospective developers and tenants, which represents a major step in furthering the Penguins’ plan to bring this development concept to reality as a live-work-play, mixed-use development destination for the region. Additionally, the firm will engage community members throughout the planning process, facilitating meetings with regional stakeholders and local political leaders.

JLL has assembled a team of industry leaders working on the project including J.C. Pelusi, Market Director, Pittsburgh Region, JLL, Kevin Wayer, Co-President, Public Institutions, JLL,Chris Molivadas, Managing Director, Project & Development Services, JLL, Dan Reidy, Vice President, Public Institutions, JLL, Craig Dunham, President, of Pittsburgh based Dunham reGroup, and Avneet Gujral, Sustainable Design Consulting LLC, Project Manager, AIA LEED AP+ ND. 

“The redevelopment of the former Civic Arena site will enhance downtown Pittsburgh and benefit the entire Pittsburgh region, taking advantage of one of the most vibrant markets in the United States,” said J.C. Pelusi, JLL. “This project represents an opportunity for a sustainable development program that can transform the former Civic Arena site into an exciting live-work-play community that will directly benefit both those currently living in the city as well as future generations. Given the economic growth in the region, this is the right time for the Penguins to move forward with the project.”

The project’s proposal includes 1,200 units of housing, 600,000 square feet of office space and 250,000 square feet of commercial space on the land site. The team will also seek a Leadership in Energy and Environmental Design (LEED) – Neighborhood Development (ND) accreditation as part of the development.

JLL will support the Pittsburgh Penguins through six specific steps, including:

  • -    Project initiation: Includes market and financial analysis and review
  • -    Project Planning: Developing a master plan and reviewing infrastructure
  • -    Land Use Approval Process: Includes the processes of public review and program refinement
  • -    Project Marketing/Transactions: Marketing the master site to potential occupants and financing sources
  • -    Execution:  Working with the public agencies to develop and deliver the necessary infrastructure for the plan
  • -    Performance: Leading efforts for ongoing property management and development

This is a unique opportunity to maximize the value of 28 acres in an urban area and determine the highest and best use of housing, retail and office development that suits the Penguins as well as Pittsburgh’s long-term economic and community interests,” said Kevin Wayer, JLL. “We look forward to continuing the project’s momentum and using our real estate expertise to help the Penguins and the Pittsburgh region in this redevelopment effort.”

Read more about this project here

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