Real Estate Leader Optimistic On Pittsburgh's Future

Sees benefits as an HQ2 finalist, opportunities in loss of Sears stores

Larry Richert and John Shumway
June 05, 2018 - 9:47 am

PITTSBURGH (Newsradio 1020 KDKA) - Amazon has yet to announce the winner of the competition for its second headquarters. More than one analysis has Pittsburgh among the leading contenders for HQ2 and a $5 billion investment with 50,000 jobs over two decades.

CBRE Executive VP Herky Pollock tells the KDKA Morning News the city is already a winner by making the list of 20 finalists.

"We wouldn't have sniffed this 20 years ago. The fact that Pittsburgh is mentioned as one of the marquee cities in the country, probably in the top 5 in this (Amazon's) search, we've already won in my mind."  

He says a side effect of the HQ2 competition is other companies will also look at Pittsburgh and some will decide to locate here. 

Now that Sears is leaving its anchor locations in the Pittsburgh area at Ross Park Mall, the South Hills Village and Mall at Robinson, what's next? Pollock sees growth in the spaces where Sears was fading away.

"In North Hills and Ross Park they're going to do a food hall and some great destination retail and other uses that are going to replace Sears and that's going to add some vitality."

Pollock says retailers who have wanted to be in these malls but couldn't find the space will now have that opportunity.

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