Wednesday, April 08, 2009

one more hotel down

Less of a mystery... one more hotel project down: Oakland hotel, office development on hold. It's a bit curious since the Pitt News reported on this project last week as being behind schedule but still going forward. What I don't get though is that this project services Oakland which I think would be one of the notional hotels that would actually move forward. The Oakland institutions being about as near a lock on future demand as you can get these days. It certainly seems a lot better bet than some of the hotel projects that thus far are still on the books.

Might not be a net loss though, there is a complementary story that another idled hotel project has restarted. Someone out there has a complete tracking of these hotel projects. I'd be curious what the full picture looks like right now.


Blogger fester said...

I don't know, the hotel at the PTC at the end of Bates Street still notionally serves Oakland and with the shuttle buses, that is 5 to 10 minutes away at most from all of the Oakland institutions (except from 7:00 to 8:30 AM and 4:30 to 6:45 pm)

Wednesday, April 08, 2009 5:17:00 PM  
Anonymous johnnyg said...

The developer is still planning to break ground this spring on the Hotel Indigo in East Liberty, too:

Wednesday, April 08, 2009 5:34:00 PM  
Anonymous Anonymous said...

FYI, Pittsburgh and its pension is listed amongst the major "underfundeds" in the Financial Times:

Thursday, April 09, 2009 8:11:00 AM  
Anonymous Elwin Green said...

Hi Chris; Elwin here. Long time, no speak. I, too, am curious about the full picture. It seems to me that Pittsburgh has been on a hotel-building binge for several years. Some projects, like a hotel near the Cancer Center in Shadyside, I understand. Others mystify me. I'd love to learn how folks decide where to put them.

Thursday, April 09, 2009 2:42:00 PM  

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