December 14, 2018
Market News

The December 11 report on inflation brought good news for the construction industry - the rate of inflation is slowing - and bad news - price increases are starting to show up in bids. November's producer price index for construction inputs was 5.3% higher than a year before. That's down from the 9% growth in May and 7% growth in Sept-Oct. The index for finished construction demand moved up to 5.1% higher year-over-year. And the indexes for major categories of building types were up between 4.1% and 6.4%. The upward movement in these finished types is an indication that higher prices and labor tightness are being reflected in bid prices, which wasn't the case earlier in 2018.

Project News  

Developer Millcraft Investments rolled out details of its $700 million Esplanade mixed-use project on the North Side to the URA on December 13. The project will include 300,000 sq. ft. of new office space, two residential towers with 530 units, a hotel, retail and a large water park. Millcraft also revealed plans for a 200-foot Ferris wheel as a signature attraction of the site. Massaro/Yates joint venture has been chosen as CM.

Rendering of Millcraft's $700 million revival of the Chateau neighborhood.

The office industrial market continues to be strong. Innovation Center Associates held a groundbreaking for a 90,000 sq. ft. spec office at RIDC Innovation Ridge. Construction is underway on the 100,000 sq. ft. Apex International facility at Alta Vista Business Park in Washington County. Check BuildingPittsburgh to see who is building them. Oxford Development revealed plans for its 110,000 Stacks at 3 Crossings 2.0, which Rycon Construction will build. Massaro Corp. was selected as CM for the $11.8 million Greater Pittsburgh Food Bank project. DiMarco Construction was awarded the contract for the $3 million Salvation Army North Boroughs facility in Avalon.

The $30 million-plus North Allegheny Franklin Elementary School goes out to bid Dec. 19 with a due date of Jan. 23. The $20 million-plus McKnight Elementary should go out to bid around Jan. 21. Franklin Regional School District will take bids in mid-Feb. on two elementary school projects valued at roughly $55 million. Those projects should be released Jan. 8.

To keep up to date with the market check out  BuildingPittsburgh .  
People News

Dennis Walton joined Mascaro as a project manager for the client services division. Chris Konopka became a member of the Mascaro team as a project manager and estimator. Mascaro welcomed Tom Uram as a project manager.
Coming Events

ASA of Winter Social at BURN by Rocky Patel Jan. 9

ASA of Western PA 50th Anniversary Networking Evening, Feb. 7

Looking to see what's happening?

If you're planning an event for the construction or commercial real estate industries, check out the Industry Events Calendar at the Tall Timber Group website. (

Double-check what else is going on in the industry on the dates you have in mind. Or check out what events you might want to attend. Interested in posting events? Email us for instructions.  
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Tall Timber Group is the publisher of BreakingGround and DEVELOPINGPittsburgh magazines and the Pittsburgh Homebuilding Report, and is a consultant for contractors and designers serving the construction and real estate market. For more information about our services, contact Jeff Burd or call:

Tall Timber Group
506B McKnight Park Dr.
Pittsburgh, Pennsylvania 15237


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