Tuesday, May 24, 2011

PNC Building New $400M Headquarters

Tower at PNC PlazaThe PNC Financial Services Group, Inc. announced this week that it would be constructing a new skyscraper in Pittsburgh, dubbed the Tower at PNC Plaza, that will serve as the company's new headquarters when complete in 2015. Located at the southeast corner of Fifth Avenue and Wood street, the approximately 40 story, 800,000 square foot building will be "the world's most environmentally friendly skyscraper" according to PNC.

"When the Tower is complete, we will have invested more than $700 million in green buildings at the heart of the city," said James E. Rohr, chairman and chief executive officer of PNC. The Tower will feature a double glass facade, state-of-the-art, high efficiency heating and cooling systems and will be oriented to take advantage of sunlight in workspaces, reducing the need for artificial light during the day. The designers in the Pittsburgh office of Gensler are also currently exploring fuel cells, solar panels, geothermal systems and other alternative power generation sources that will significantly reduce carbon emissions. The Tower will also feature green rooftops to collect rainwater and channel it for use in other parts of the structure.

"A headquarters facility is the cornerstone building of any company's portfolio, embodying company values and business ethics. PNC is making a strong statement by building their forthcoming headquarters to Leadership in Energy and Environmental Design standards," said S. Richard Fedrizzi, president, chief executive officer and founding chairman of the United States Green Building Council.

For more news and information visit Blumberg Capital Partners.

1 comment:

  1. PNC will round out the site with a three-property acquisition, totaling about 6,000 square feet, from the Urban Redevelopment Authority of Pittsburgh. Scraping will being in late 2011 on the land assembly, with construction penciled to ramp up in spring 2012. A cultural survey of the site, including archeological excavation, will be conducted by Christine Davis Consultants of Verona, Pa. PNC opened its first green building in 2000 - the 650,000 square foot PNC Firstside Center on Pittsburgh's First Avenue.
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