PITTSBURGH, PA—A new 20-story, multi-tenant office building in the heart of downtown Pittsburgh is demonstrating the evolution of Urban Genius design. Developed for two signature tenants in one distinctive building, 350 Fifth Avenue is pursuing LEED® Silver Certification and features wide-open floor plans that allow for utilization of almost 100 percent of floor space.
"350 Fifth Avenue continues the smart building revolution of the city's premier downtown office and retail corridor," says Steve Guy, CEO of Oxford Development Company, the developer of 350 Fifth Avenue. "With a culture dedicated to change, investment in Pittsburgh has never been greater. We join our partners across town contributing to more than $1 billion of planned real estate development making Pittsburgh a sought after town for corporate relocation and doing business."
350 Fifth Avenue is a state-of-the-art Class-A high-rise that will be the most efficient in Pittsburgh and rivals the best in high-rise efficiency across the globe. Costs for a tenant are not just measured in rent, but by the total cost to occupy space with efficiency being a driving factor. 350 Fifth Avenue's design delivers a 92 percent efficient floor utilization with features such as a raised floor system with an open floor plan design, which maximizes density, function and usable square feet.
"Smart building doesn't stop at sustainability. It's about being sensitive to your surroundings, the environment, and end user. It's also about providing value in efficient utilization of the space," says Guy. “We've developed an app that can tell you how much less space you need with 350 Fifth Avenue simply by entering your current square-footage. It's an eye-opening exercise."
Oxford Development Company has served as a key leader in Pittsburgh's corporate renaissance, opening the 45-story aluminum and glass octagonal towers of One Oxford Centre in 1983. Now home to eight Fortune 500 companies and more than 100 corporate research and development centers, Pittsburgh is a leader in the new economy, especially the technology, financial and energy sectors.
Oxford has managed the development of more than 40 million square feet of property in the commercial office, retail, hospitality, healthcare, education and sports and entertainment asset classes. Their history consists of some of the nation's most innovative real estate development projects that years later still impact trends in real estate development and client approach.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
