Downtown office building to become luxury apartments for business travelers

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According to the U.S. Travel Association, U.S. residents logged 457.4 million overnight visits for business purposes in 2016, and for good reason: For every dollar invested in business travel, companies benefit from an average of $9.50 in increased revenue.

But for travelers, living out of a suitcase can be a slog. Nothing feels less like home than a generic hotel room.

Beginning this spring, visitors passing through Pittsburgh on work-related trips will find the comforts of home mixed with hotel amenities at Town Place, a joint project of BridgeStreet Global Hospitality and Kossman Development Company. The 12-story luxury apartment building is located at Forbes Avenue and Stanwix Street, right near Market Square.

Housed in a former office building, the multi-million dollar renovation will feature 62 fully furnished studio, one-, two- and three-bedroom, high-end apartments available on a short-term or long-term basis to business travelers.

“BridgeStreet offers our guests ‘your stay, your way,’” says Greg Kavanagh, the company’s regional vice president of operations. According to Kavanagh, amenities will include fully-equipped kitchens, safe indoor parking, customized furnishings in loft-style settings and a dog park — a rarity for Downtown apartment dwellers.

“Each unit will have a unique layout, views and ambiance,” he adds. “Five glass-enclosed penthouses will offer high-end living atop Pittsburgh with 360-degree views.”

Apartments will offer sweeping city views. Image courtesy of Kossman Development Company.

Town Place will be the first Pittsburgh building entirely managed by BridgeStreet, which also has apartments nearby in the Encore, Clark Building and Alcoa Building.

Kossman Development President Curtis Kossman says that Town Place, which began construction in 2016, is the largest redevelopment of a building in the company’s portfolio in its 60-year history.

“The building is undergoing a complete top-to-bottom makeover,” says Executive Vice President Marc Kossman. “Everything from the lobby to the roof was

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