After the closure of the Saks Fifth Avenue department store in March 2012, Smithfield Street in Downtown Pittsburgh was occupied by another empty, dark space. In 2015, Millcraft Investments and McKnight Realty Partners joined forces to reconstruct the site, with an initial plan for new parking, retail, and residences.
McKnight was in the midst of redeveloping the historical Oliver Building on Smithfield Street, renovating unoccupied office space and signing the Embassy Suites. Millcraft was continuing work nearby on Forbes Avenue at Tower Two-Sixty, a brand new mixed-use tower with office space, restaurants, a hotel, and parking. These two developers, possessing a steadfast commitment to Downtown Pittsburgh, believed a residential component was the last piece of real estate needed to revitalize this part of the city.
Plans for 350 Oliver shifted over the next two years, adding a hotel and alternating between condominiums for purchase to apartments for rent — but the idea to add new, ownable residences to Downtown for the first time in a decade became the final frontrunner.
The first phase of the 350 Oliver project includes a 580-space public parking garage, and 30,000 square feet of retail space, substantially completed in fall 2017. The second phase is Lumière, the residential condominiums. Expected to deliver in 2019, these condominiums are already in high demand from those who have been anxiously waiting for new Downtown homes to hit the market.
Lumière residents can look forward to a revitalized part of the Downtown neighborhood. With the refreshed Oliver Building next door, new shops and apartments across the street at Kaufmann’s Grand, and the beautifully restored Mellon Park, Smithfield Street has a bright future thanks to the efforts of the city, public, and partners.