Monday, May 23, 2011

New Tower to be Erected by PNC

PNC Financial Services Group has announced its plans to build the “world’s greenest skyscraper” in downtown Pittsburgh.

PNC Chairman and CEO James Rohr says the $400 million tower is slated for completion by the end of 2015. Rohr says the final product will be an 800,000-square-foot addition to Pittsburgh’s skyline, which will serve as the bank’s new headquarters.

Rohr says the 40-story tower will also exceed the requirements for the U.S. Green Building Council’s highest possible rating.

“What we’re doing right now is we’re going around, looking at all of the various platinum-green buildings and identifying the criteria that were used in order for them to win that certification,” says Rohr. “And then we’re going to adopt each one of the best practices and build them into our building, along with some new ideas. So it’s an evolution of platinum green.”

PNC will occupy all of the Wood Street structure with about 3,000 of its employees, except for some retail space at the base of the tower. At about 40 stories, it will be almost two-thirds the height of the U.S. Steel Tower.

Rohr says nine buildings will need to be torn down before the structure is raised. He says that process will begin late this year, and the construction will employ about 2500 people over the next four years.

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