Millcraft Investments previous logoFormer logo prior to re-branding effortThe Crossroads Center (left), a 144,000-square-foot Millcraft property located at 95 West Beau Street Washington, Pennsylvania[3]
HistoryEdit
Millcraft began as a steel production company before expanding into real estate.[4] In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.[1]
In March 2009, Millcraft purchased the Pittsburgh State Office Building.[7] The sale was criticized by Pennsylvania State Auditor GeneralJack Wagner, who noted that the $4.6 million sale price was half its appraised value.[7] He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.[7]
The company owns and developed the Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania.[2]
The company is developing a $700 million mixed-use project called the Esplanade. [8] The project is to be located on the Ohio River in the North Side neighborhood of Pittsburgh, Pennsylvania, with development plans including a Ferris Wheel, man-made lake and four towers that will include a hotel, condominiums and apartments.
millcraft, investments, millcraft, industries, real, estate, development, company, based, pittsburgh, suburb, cecil, township, pennsylvania, millcraft, industries, typecommercial, real, estateheadquarterscecil, township, pennsylvania, peoplejack, piatt, chairm. Millcraft Industries Inc is a real estate and development company based in the Pittsburgh suburb of Cecil Township Pennsylvania Millcraft Industries Inc TypeCommercial real estateHeadquartersCecil Township Pennsylvania U S 1 Key peopleJack B Piatt chairman 2 Websitemillcraftideas wbr comMillcraft Investments previous logoFormer logo prior to re branding effort The Crossroads Center left a 144 000 square foot Millcraft property located at 95 West Beau Street Washington Pennsylvania 3 History EditMillcraft began as a steel production company before expanding into real estate 4 In 2005 following a deal with Hilton Hotels and an expanding commercial real estate business Millcraft formally exited the steel industry 1 The company has a strong presence in Western Pennsylvania 1 In 2012 the Wall Street Journal praised Millcraft s River Vue apartment building as being part of a renewed push for livability in Downtown Pittsburgh 5 In 2008 Millcraft CFO Brian Walker won the Pittsburgh Business Times CFO of the Year award in the Large private company category 6 The award was largely the result of Walker s ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh 6 In March 2009 Millcraft purchased the Pittsburgh State Office Building 7 The sale was criticized by Pennsylvania State Auditor General Jack Wagner who noted that the 4 6 million sale price was half its appraised value 7 He said that the plan would cost the taxpayers nearly 55 million in leases to move state workers to other buildings 7 The company owns and developed the Southpointe complex and The Crossroads Project a 100 Million renovation of the streets of Downtown Washington Pennsylvania 2 The company is developing a 700 million mixed use project called the Esplanade 8 The project is to be located on the Ohio River in the North Side neighborhood of Pittsburgh Pennsylvania with development plans including a Ferris Wheel man made lake and four towers that will include a hotel condominiums and apartments References Edit a b c Sandler Robert November 25 2005 Millcraft exits steel business Pittsburgh Business Times a b Millcraft Industries Inc OUR PROJECTS Millcraft Industries Inc Archived from the original on 2011 01 12 Commercial Office Crossroads Center Millcraft Investments Archived from the original on 2013 10 06 Retrieved 2013 11 16 Millcraft Industries Inc OUR COMPANY Millcraft Industries Inc Archived from the original on 2011 01 12 Sadovi Maura Webber March 13 2012 More Living in Steel City Wall Street Journal a b Carbasho Tracy November 7 2008 Walker moves Millcraft forward Pittsburgh Business Times a b c Stouffer Rick August 27 2009 Pennsylvania auditor general critical of State Office Building sale Pittsburgh Tribune Review Archived from the original on August 30 2009 700M Esplanade mixed use project in Pittsburgh teases man made lake Construction Dive Dec 21 2018 nbsp Companies portalExternal links EditMillcraft Industries Retrieved from https en wikipedia org w index php title Millcraft Investments amp oldid 991841239, wikipedia, wiki, book, books, library,
