- Associated Press - Friday, January 30, 2015

PITTSBURGH (AP) - One of Pittsburgh’s most iconic skyscrapers is on the market.

Bank of New York Mellon owns and occupies about two-thirds of the 42-floor building. It was built in 1951 to house the offices of what was then Mellon National Bank and U.S. Steel Corp.

BNY Mellon is selling the building to cut costs, and plans to move about 1,500 employees there to its BNY Mellon Center regional headquarters building and a client service center, both also downtown. BNY Mellon has roughly 7,300 employees in Pittsburgh.

Citizens Bank, which has a lighted sign atop the building, occupies roughly six floors of the building.

BNY Mellon has also recently sold the building housing its world headquarters in New York City.

Pittsburgh spokesman Ron Gruendl says, “We can be using our space more effectively.”

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