LG Realty optimistic for Penn Plaza redevelopment to go forward


LG Realty President Larry Gumberg expressed confidence that the long and contentious process of starting the redevelopment on the former site of Penn Plaza is now poised for a final approval by the Pittsburgh Planning Commission.

After demolishing a long-time apartment complex on the nine-acre site a few years ago, LG Realty presented a detailed proposal for a new $50 million retail-and-office complex for the first phase of a larger plan to the Pittsburgh Planning Commission today. The briefing…

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