FACILITIESRECOMMENDED

University Recommends 75-Year Lease with Radnor for Oakland Site Redevelopment

The University of Pittsburgh Property and Facilities Committee voted to recommend approval of a ground lease agreement with Radnor Property Group to develop the 3401 Boulevard of the Allies site. The 75-year lease, with a 24-year renewal option, will facilitate construction of housing and a grocery store with no University capital commitment. The final agreement will proceed after Board approval and completion of due diligence.

Status
RECOMMENDED
Document date
May 6, 2025
Contract type
FACILITIES
Vendor
Radnor Property Group
Agency
University Of Pittsburgh-Pittsburgh Campus · PA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract type
FACILITIES
Contract term
75 years with one 24-year renewal option
Renewal date
2100-05-06
Renewal
One 24-year renewal option is included; initial agreement is subject to due diligence and final negotiation. MOU signed January 10, 2025.
Document type
Minutes
Source document
University of Pittsburgh Property and Facilities Committee Meeting Minutes May 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by University Of Pittsburgh-Pittsburgh Campus?

Radnor Property Group was awarded this facilities contract by University Of Pittsburgh-Pittsburgh Campus, as recorded on May 6, 2025.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in University of Pittsburgh Property and Facilities Committee Meeting Minutes May 2025 (Minutes), dated May 6, 2025 from University Of Pittsburgh-Pittsburgh Campus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Radnor Property Group hold?

Radnor Property Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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