Trending...
- One Night. One Encounter. A New Season Of Purpose
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- Bountiful Bowl Aims to Raise $50,000 to Support Meals on Wheels of the Greater Lehigh Valley
Governor Tom Wolf announced that F.N.B. Corporation will enter into a joint venture with Pittsburgh Arena Real Estate Development LP and the Buccini/Pollin Group to develop the FNB Financial Center, a 26-story, 547,888-square-foot office tower in Pittsburgh, which will create 160 new, high-paying jobs. The company has committed to investing more than $220 million into the project.
The site would bridge the historic Hill District neighborhoods with the central business district, and the developer has committed to achieving more than 45 percent MWBE (Minority/Woman-Owned Business Enterprise) participation in the total development effort.
"FNB's decision to maintain its headquarters in Pittsburgh is a testament to the city's status as a headquarters-friendly location, and this development will provide a critical anchor to a major redevelopment site in the City of Pittsburgh, strengthening local talent attraction and retention efforts," said Gov. Wolf. "This development will provide more than just a safe, state-of-the-art working space for thousands of employees in Western Pennsylvania, it will benefit the surrounding community and actively engage minority and women-owned businesses in the area."
FNB Financial Center will be the first office tower built in the city of Pittsburgh since 2015. The tower will be built on a portion of the 28-acre Lower Hill Redevelopment site in the city of Pittsburgh on the site of the former Civic Arena. The building will include 471,890 square feet of Class A office space, 20,000 square feet of retail space on the first floor, and two floors of parking.
More on The PennZone
FNB will consolidate headquarters staff into the new tower.
This project would be the first development on the site, creating the potential to catalyze other much-needed developments. The mixed-use facility is expected to open in 2023.
The design of the building will focus on both sustainability and health. State of the art technology will be employed to reduce the spread of viruses and airborne pathogens. Enhanced filtration systems, ultraviolet lights and Bipolar Ionization will all be implemented, and the filtration system is comparable to the types used in medical office spaces.
In the funding proposal from the Department of Community and Economic Development (DCED), FNB was encouraged to apply for $10 million in Redevelopment Assistance Capital Program (RCAP) funding.
The project was coordinated by the Governor's Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering relocating to or expanding in Pennsylvania.
"The FNB Financial Center project launches one of the largest urban development initiatives in the nation and is a catalyst to drive continued growth, innovation and efficiency for our organization and success for our region," said Vincent. J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank of Pennsylvania. "Our project required thoughtful collaboration with state and local government as well as our business partners and members of the community, and we are excited that this development will provide significant value and opportunities for all of our stakeholders."
More on The PennZone
With roots dating back to 1864, FNB today has total assets of more than $37 billion and a network of approximately 350 branches. F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank of Pennsylvania, has been headquartered in Pittsburgh in 2014.
The Buccini/Pollin Group, Inc. is a privately held, full-service real estate acquisition, development, and management company that develops and acquires hotel, office, residential, retail, and parking properties.
Pittsburgh Arena Real Estate Development LP is the development arm of the Pittsburgh Penguins.
For more information about the Governor's Action Team or DCED, visit dced.pa.gov, and be sure to stay up to date with all of our agency news on Facebook, Twitter, and LinkedIn.
SHARE Email Facebook Twitter
The site would bridge the historic Hill District neighborhoods with the central business district, and the developer has committed to achieving more than 45 percent MWBE (Minority/Woman-Owned Business Enterprise) participation in the total development effort.
"FNB's decision to maintain its headquarters in Pittsburgh is a testament to the city's status as a headquarters-friendly location, and this development will provide a critical anchor to a major redevelopment site in the City of Pittsburgh, strengthening local talent attraction and retention efforts," said Gov. Wolf. "This development will provide more than just a safe, state-of-the-art working space for thousands of employees in Western Pennsylvania, it will benefit the surrounding community and actively engage minority and women-owned businesses in the area."
FNB Financial Center will be the first office tower built in the city of Pittsburgh since 2015. The tower will be built on a portion of the 28-acre Lower Hill Redevelopment site in the city of Pittsburgh on the site of the former Civic Arena. The building will include 471,890 square feet of Class A office space, 20,000 square feet of retail space on the first floor, and two floors of parking.
More on The PennZone
- Hunter's Garage Teams Up With The Small Batch for a Free Thanksgiving Meal
- TradeJARnal Launches Innovative Trading Journal to Help Stock and Options Traders Build Discipline and Smarter Trading Habits
- Pursant Founder Mark Herbick Joins STS Capital Partners as CEO
- Tampa Holiday Sessions: Captured by Mallary Opens 2026 Christmas Minis With Two New Sets
- Tampa Web Design Launches New Website for Entrepreneur and Capital Markets Advisor Martin Sumichrast
FNB will consolidate headquarters staff into the new tower.
This project would be the first development on the site, creating the potential to catalyze other much-needed developments. The mixed-use facility is expected to open in 2023.
The design of the building will focus on both sustainability and health. State of the art technology will be employed to reduce the spread of viruses and airborne pathogens. Enhanced filtration systems, ultraviolet lights and Bipolar Ionization will all be implemented, and the filtration system is comparable to the types used in medical office spaces.
In the funding proposal from the Department of Community and Economic Development (DCED), FNB was encouraged to apply for $10 million in Redevelopment Assistance Capital Program (RCAP) funding.
The project was coordinated by the Governor's Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering relocating to or expanding in Pennsylvania.
"The FNB Financial Center project launches one of the largest urban development initiatives in the nation and is a catalyst to drive continued growth, innovation and efficiency for our organization and success for our region," said Vincent. J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank of Pennsylvania. "Our project required thoughtful collaboration with state and local government as well as our business partners and members of the community, and we are excited that this development will provide significant value and opportunities for all of our stakeholders."
More on The PennZone
- Miami Dade College and World Affairs Council of Miami announce Navarro-Cabrera scholarship
- Bridging Canvas and Cosmos: How Bioengineer Farin DeBose Captured the Essence of "True Science"
- RPP to host first Professional Padel Week in Miami and announce the 2026 USA Awards winners
- UK Financial Ltd. Announces Maya Preferred PRA as First Fully Verified Asset on MAYA CHAIN; Chainlink Proof of Reserve Integration Planned for Network
- ALight Technology And Services Limited Advances Through Peachscore + Dealum Accelerator and Join LvlUp Labs
With roots dating back to 1864, FNB today has total assets of more than $37 billion and a network of approximately 350 branches. F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank of Pennsylvania, has been headquartered in Pittsburgh in 2014.
The Buccini/Pollin Group, Inc. is a privately held, full-service real estate acquisition, development, and management company that develops and acquires hotel, office, residential, retail, and parking properties.
Pittsburgh Arena Real Estate Development LP is the development arm of the Pittsburgh Penguins.
For more information about the Governor's Action Team or DCED, visit dced.pa.gov, and be sure to stay up to date with all of our agency news on Facebook, Twitter, and LinkedIn.
SHARE Email Facebook Twitter
0 Comments
Latest on The PennZone
- Immerse Yourself in the Historic Tochigi Autumn Festival, Celebrated Every Two Years Since 1874
- Resident Inspect Expands Virtual Property Inspections With AppFolio and Rentvine Integrations
- Unlocking the Next Phase of Growth with New AI Innovations; Targeting 2027 as Breakeven; Revenue Momentum Accelerates: ZenaTech (N A S D A Q: ZENA)
- Dr. Marilyn Pendelton Releases The Grief Reset to Address Grief Beyond Death
- AeroNet Deploys netElastic vBNG and CGNAT with Tarana Wireless to Deliver Scalable, Fiber-Class Broadband Across Puerto Rico
- New Atlas Maps the 38 States Behind Every Conversation
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
- Pastor Carlton L. Aiken Sr. Celebrates 55 Years with "Sermonic Selections"
- J. Wes Seeks Jazz Musicians, Vocalists and Bands for Philadelphia Live Music Event
- NECP Promotes Chertova to Senior Business Analyst
- Security Industry Veteran Anthony Rumore Launches AegisLead to Help Security Companies Find Business and Manage Growth
- Charlie Shaw and Patrick Carragher win SEO Agency of the Year 2026
- Canadian Woman Plants 1,667 Love Stories in a Field of Peonies That Could Bloom for 100 Years
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- Beyond the Odds: BetQL Combines Sharp Money Trends and Real Time Odds to Help Bettors Find Value
- Mark Schork and Terri Smith Honored by Philadelphia Bar Association as 'Bar Stars'
- WebDrafter Welcomes Dreamwork Exteriors as a New Marketing Client
- Glenn Lyvers Wins 2nd Place in Arizona State Poetry Society 2026 Annual Contest
- Access Control Security Shares 5 Ways Retailers Can Prevent Holiday Theft
- Bountiful Bowl Aims to Raise $50,000 to Support Meals on Wheels of the Greater Lehigh Valley