Plans are moving forward for the next phase of the Soffer Organization's SouthSide Works development, with a marketing effort under way for a 160,000-square-foot office building facing the Monongahela River.
The Quantum V building is part of a redesign of a riverfront block that will be home to an upscale hotel and condominium tower, conference center, Hofbrauhaus restaurant and other residential developments.
"We're excited about the opportunity to market not only a corporate office building, but an incredible lifestyle center abundant with amenities unmatched anywhere in the region," said Jack O'Donoghue, commercial real estate broker with Grant Street Associates Inc.
O'Donoghue, who is leading the leasing effort, represented American Eagle Outfitters Inc. in a leasing transaction for its headquarters at the SouthSide Works.
Since July, American Eagle has moved about 400 workers from its former headquarters in Marshall to the Quantum II office building along Hot Metal Street at the SouthSide Works. It plans to move hundreds more in about two years when another building under construction, Quantum III, is expected to be completed.
Plans for another office building, Quantum IV, have yet to be announced.
Preliminary plans for the Quantum V building include 30,000-square-foot floor plates, with nine-foot ceiling heights, said a news release from Grant Street Associates. Those plans may include retail on the first floor.
Construction won't start until an anchor tenant is secured, O'Donoghue said.
Among the tenants said to be looking for space in the marketplace include the Federal Home Loan Bank of Pittsburgh, Equitable Resources Inc. and the Blatner Brunner advertising firm, according to area real estate officials.
Several other developers are proceeding with plans for projects near the SouthSide Works:
• Trammell Crow Co., a Dallas-based subsidiary of CB Richard Ellis Inc. of El Segundo, Calif., is building a $31 million, five-story building at Hot Metal and Sidney streets that will be the headquarters for construction company Dick Corp.
• Pittsburgh developer Ralph A. Falbo Inc. plans to build a $14 million, 40-unit condominium along South Water Street, east of the Dick building. Design is under way, and the construction is expected to start in the spring.
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