Carlow University and the Pittsburgh developer The Elmhurst Group have signed a memorandum of understanding to develop Carlow’s Fifth Avenue property, currently known as Parking Lot A.
|Marketing and Communications||For Immediate Release|
|Drew Wilson, Director, Media Relations||April 08, 2019|
Pittsburgh, Pa. –Carlow University and the Elmhurst Group, the Pittsburgh-based real estate developer, have signed a memorandum of understanding (MOU) to develop university-owned property along Fifth Avenue in Oakland.
By signing the MOU, Carlow University President Suzanne K. Mellon, PhD, and Elmhurst Group President and CEO William E. Hunt have committed to creating a partnership to develop the property located west of the university’s driveway on Fifth Avenue and opposite the intersection between Fifth and Craft Avenues. The university will share space in the future building, which is projected to be approximately 225,000 square feet.
“Development of this property presents a transformational opportunity to realize a larger vision for the university property on Fifth Avenue,” said Dr. Mellon. “The property is located within the Innovation District in Oakland, and is an excellent location for a company in healthcare, technology, or innovation interested in partnering with a university.” The property enjoys a unique position at the gateway between Oakland and the downtown business district.
Included in Carlow’s Institutional Master Plan, the project will include facilities for health sciences, including lab space, as well as dining services and green space estimated to total 100,000 square feet, while an equal or potentially greater amount of space would be available for a partner in the joint development.
“Elmhurst has a strong history of creating landmark properties with great appeal to many different kinds of users,” said Hunt. “This is a prime location with great potential for industry, research, and healthcare that will clearly enhance this growing section of Oakland. We look forward to partnering with Carlow on this important project.”
Dr. Mellon said that the university will be actively engaging with community leaders in anticipation of moving forward with this project. “We believe the development will be transformative in a very positive way to the community.”
Interested partners may contact Carlow University at 412-578-8755, or the Elmhurst Group at 412-281-8731.
About Carlow University
Carlow is a private, co-educational, Catholic university located in the heart of Pittsburgh’s “Eds, Meds, and Tech” district. Founded by the Sisters of Mercy, Carlow’s graduates, curricula, and partnerships reflect its strong commitment to social justice; ethical, forward-thinking and responsible leadership; and service to the community that has a meaningful impact. Undergraduate and graduate degrees are offered in four colleges: Health and Wellness, Leadership and Social Change, Learning and Innovation, and Professional Studies. Carlow graduates are in demand for their professional expertise, in fields ranging from nursing, the sciences, and perfusion technology to counseling, education, and forensic accounting; their entrepreneurial spirit and creative mindset; and their ability to manage change. Carlow’s 13 athletic teams are known as the Celtics, a reflection of the university’s Irish heritage and roots.
About the Elmhurst Group
The Elmhurst Group of companies is a 40-year-old Pittsburgh-based real estate development company. Elmhurst’s holdings include 30 buildings on 18 sites, totaling more than three million square feet of office, distribution, flex and hotel space, all in the Pittsburgh region.
Elmhurst Group has fostered a culture of pride among its more than 200 company employees. Elmhurst manages every building it owns and maintains close personal contact with every customer. Elmhurst operates with the understanding that it is in the service business—not the space business.