- Associated Press - Thursday, December 3, 2015

PITTSBURGH (AP) - A developer is paying $8 million to buy two floors of the recently closed Macy’s store in downtown Pittsburgh with plans to build a hotel in the space.

Matthew Shollar, a Pittsburgh partner in the deal made by Reception Hotels and Resorts of Monsey, New York, says the sales price includes money to help Philadelphia-based Core Realty redevelop the entire building.

The 155-room, “fitness oriented” hotel is expected to open in 2017.

The former Macy’s building was originally a Kaufmann’s department store. It opened in 1887 before Macy’s bought the building in 2005. Macy’s sold the building to Core in July before closing the store in September.

Core plans to develop the rest of the building into new retail space and apartments.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide