PITTSBURGH, Pa. (September 1, 2021) FNB Corporation (FNB), the Pittsburgh Penguins, Clay Cove Capital and The Buccini / Pollin Group (BPG) today joined community members from the Historic Hill District and elected to inaugurate the FNB Financial Center, the 26-story mixed-use tower that will kick off the redevelopment of Pittsburgh’s historic district and serve as the headquarters of FNB, the parent company of First National Bank.
With over 150 years of service in Western Pennsylvania, the construction of the FNB Financial Center further marks FNB as one of the greatest drivers of Pittsburgh revitalization through its commitment to improving the quality of life for all. In the region. The tower is expected to generate 1,250 construction jobs, 2,000 permanent jobs and more than $ 40 million in investment in the Middle and Upper Hill districts.
It will contain more than 475,000 square feet of Class A office space, consolidate operations at the company’s regional headquarters, and include open spaces and terraces for community events in the plaza adjacent to the FNB Financial Center.
“Thanks to the dedication of our partners and the community, today we launched a project that will materialize a vision of transformation for our region that has been brewing for years,” said Vincent J. Delie, Jr., Chairman of the Board. , President and CEO. of FNB Corporation and First National Bank. “We are proud to continue to grow our business in our headquarters city and for FNB to be an integral part of Pittsburgh’s future.”
Penguins CEO David Morehouse: “The Penguins pride themselves on being one of the most community-focused teams in professional sport, and while there is still a lot of work to be done, the groundbreaking events of today show that we are keeping the promises made to our neighbors in the Hill District. “
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– Pittsburgh penguins (@pingouins) September 1, 2021
Construction of the tower at Bedford Avenue and Washington Place will further restore connections between the Greater Hill District and downtown Pittsburgh and is the first step in an estimated $ 1 billion redevelopment by the Pittsburgh Penguins of the 28-acre old Civic Arena site.
To broaden the participation of minority and women-owned businesses in the project, the development team hired e-Holdings earlier this year to boost inclusive sourcing efforts. In June, the Penguins and BPG opened the First Source Center at historic Hill House as a one-stop-shop for those looking for help with employment, training and contract opportunities at the site. After the start of construction of the FNB financial center, the development of a concert hall, parking and housing is planned.
“The Penguins pride themselves on being one of the most community-driven teams in professional sport, and while there is still a lot of work to be done, today’s groundbreaking events show that we hold the promises made to our neighbors in the Hill District, ”said Penguins CEO and President David Morehouse said. “The FNB has also long supported our city, and with this project, it is a tremendous boost to Pittsburgh’s economy and job creation as we bounce back from the COVID-19 pandemic. “
BPG is the prime contractor for the business elements of the Lower Hill District.
“We are delighted to take such an important step on this transformation project, made possible by the strong partnership behind the FNB financial center,” said GPB Co-Chair Chris Buccini.
“This partnership is made up of champions, and this project would not have happened without our partners’ love for their hometown and our collective commitment to making Pittsburgh a better place for all of its residents. We are excited by the ‘future for this city, this community and this important investment and I look forward to working together to do great things in Historic Hill. ”
Construction of the FNB Financial Center will be led by PJ Dick. Internationally renowned Gensler is leading the project design team. JLL’s Pittsburgh office is responsible for the commercial rental efforts.
Construction of the FNB Financial Center and Plaza is expected to be completed by the end of 2023.