Category Archive: Downtown Development
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Market Square Shines with Jos. A. Bank and Crazy Diamonds
Pop City
Wednesday, February 09, 2011
Market Square Shines with Jos. A. Bank and Crazy Diamonds
This spring, mens’ clothing store Jos. A. Bank will be moving from its current Downtown location at 527 Smithfield Street to Market Square. Another recent Market Square development includes the upcoming installation of a beautiful work of public art.
Jos. A. Bank signed a deal with developer Millcraft Industries at the beginning of February to lease space in the 40,000-square-foot Market Square Place development, located in the former G.C. Murphy building. Herky Pollock of CB Richard Ellis represented Millcraft Industries in the deal. Jos. A. Bank will share ground floor retail space in Market Square Place with the recent additions of Liberty Travel, DiBella’s Old Fashioned Submarines, Chipotle, and Vallozi’s.
“This relocation, which will feature the Jos. A. Bank’s new prototypical layout and design, further validates the success of our vibrant central district and all the new energy that has been harnessed with the new development project in the corridor,” says Pollock.
Keep your head up when entering Market Square from Fifth Avenue this spring as artist Carin Mincemoyer’s light sculpture “Diamond, Diamonds” will soon be hanging around. The piece entails the installation of 80 glass “diamonds” lit with LED lights and hung from two poles–a nod to the public space known as The Diamond, which was located at the Market Square site until it was demolished in 1961. Mincemoyer won a design competition to illuminate the connection between the square and the Cultural District after the City’s Office of Public Art put out a call for proposals.
Sources: Herky Pollock, executive vice president of CB Richard Ellis
Hollie Geitner, vice president of marketing and communications for the Pittsburgh Downtown Partnership -
Downtown Honus Wagner Store has Finally Struck Out
A sporting goods fixture for 93 yearsWednesday, January 05, 2011By Mark Belko, Pittsburgh Post-Gazette
The Honus Wagner Sporting Goods store on Forbes Avenue is closing after 93 years in business Downtown. Michael Henninger/Post-Gazette
First it was Gimbels, then Joseph Horne, Kaufmann’s and Candy-Rama. Now another iconic Pittsburgh retailer is preparing to fade from the scene.
After 93 years Downtown, Honus Wagner Co. sporting goods store plans to close its doors permanently within the next six weeks after a going-out-of-business sale.
Harriet Shapiro, who co-owns the store with her husband, Murray, said Tuesday that the family, after four generations of ownership, simply had no one left to take over the reins.
“We’re very sad to see it go. It’s been a Pittsburgh landmark for so many years,” she said.
While word of the closing filtered out Tuesday, the clock has been ticking on the store for some time. In 2009, Point Park University reached an agreement with the owners on an option to purchase the property as part of its plan to move the Pittsburgh Playhouse Downtown.
Under terms of the agreement, the university had the right to take over the property once the Shapiros vacate it or in four years, whichever came first.
Mrs. Shapiro said she and her husband had considered selling the store but were unable to find anyone with an interest in purchasing it.
She said the store was not closing because of poor business.
“Absolutely not,” she declared. “It’s a closing sale. It’s not a desperation sale or a bankruptcy sale or anything like that.”
Opened in 1918 by the legendary Honus Wagner, the Hall of Fame shortstop for the Pirates, the store has been a sports fans oasis Downtown for decades, jam-packed to the rafters with jerseys, jackets, T-shirts, tennis shoes and other merchandise.
At one time, the store also supplied uniforms for the Pittsburgh Pirates as well as semipro and high school teams in the region.
The Shapiros purchased the store from Mr. Wagner about 1928. The shop first was housed on Liberty Avenue but moved to its current location on Forbes Avenue nearly 60 years ago.
On Tuesday, the store with the black-and-gold awning and sign (what else?) was closed for inventory, but will reopen today for its final days.
Patrons were saddened to hear about its demise.
Ron Gruendl, spokesman for BNY Mellon Downtown, said he still had a Frank Robinson model baseball bat he bought at the store in the mid-1960s.
“For many people who grew up and came into the city during the baby boom era, we’re losing part of our childhood,” he said. “Before there was Dick’s [Sporting Goods], before there was anything, it was Honus Wagner. Honus Wagner and Chatham Sports, those were the places.”
David Vance, a former Pittsburgher who now lives in Hudson, Quebec, just outside of Montreal, remembers driving to the store with a friend to pick up their first Little League uniforms.
“Along with standing out in the right field [seats] section of Forbes Field hoping to catch a home run and see [Roberto] Clemente up close, that visit to Honus Wagner was a cherished memory of my youth. It will be missed,” he wrote in an e-mail.
The closing likely will be a boost for Ace Athletic, a sporting goods store that opened on Forbes a short distance from Honus Wagner in September. Manager Tim Piett, however, found no joy Tuesday in knowing that the old store was closing.
“I worked there 27 years,” he said. “I was very close to the family. They’re very good people.”
The store will eventually be reborn as a performing arts center. Point Park intends to use it and several adjacent properties it owns to relocate the Pittsburgh Playhouse from Oakland to Downtown. The new complex would feature three theaters ranging from 150 to 500 seats each, production and teaching areas, a residence hall and retail space.
University spokeswoman Mary Ellen Solomon said the move wouldn’t occur until the second phase of the school’s academic village initiative Downtown and that that was still “several years down the road.”
For some, though, the promise of new development did little to soothe the pain of seeing another local landmark disappear.
“It’s sad. It’s a long-standing store in Pittsburgh. Downtown is getting empty,” said Brenda Lane of Scott, who stopped at the store Tuesday, hoping to purchase a Winter Classic T-shirt. “All our retail places are going by the wayside.”
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Report Cites Downtown Dynamics
Tuesday, January 04, 2011By Sally Kalson, Pittsburgh Post-GazetteDowntown Pittsburgh is a more diverse and dynamic place than it was just seven years ago — more residents, more students and workers, more people riding bikes and running.
That’s the conclusion of Pittsburgh Downtown Partnership President Michael Edwards, based on the group’s new report about living, working and commuting Downtown.
Among the findings:
• The peak age of Downtown residents is 25 to 29.
• One-third of Downtown residents have incomes of more than $100,000.
• Of the 126,000 people working Downtown, two-thirds are in the service or finance industries.
• The proportion of students jumped from 4 percent to 13 percent since 2003.
• The use of public transit also jumped, from 48 percent to 53 percent in the same period.
• The average commute to Downtown is 13 miles, or about 38 minutes.
The report comes from four different surveys conducted in 2010. For the most part, the studies are looking at the “greater Downtown” area that includes the Golden Triangle, the north and south shores, the near-Strip District and Uptown.
The full report is available at www.downtownpittsburgh.com.
Most of the indicators are positive, Mr. Edwards said.
One piece of data that never registered before is the growing number of people coming Downtown on weekends to exercise. That, he said, speaks to the work of Riverlife, the nonprofit advocacy group, and increased riverfront activity, from kayaking to biking and running the trails.
“This is the first time we’ve seen that,” Mr. Edwards said. “It shows a more compelling place to locate, with the whole Downtown as your backyard.”
But there are two trouble spots in the report.
Commuting costs are up anywhere from 8 percent to 89 percent, looking at parking, gas, bus fares and tolls. At the same time, fewer employers are contributing to those costs with bus passes or discounts. So, while Downtown is holding its own as the region’s employment hub, those costs are a concern for the future.
Also of concern: The cost of developing new housing Downtown is 25 percent higher than what the market will bear.
There’s not much the partnership can do about commuting costs, but it does have an idea to lower the cost of building new housing. Mr. Edwards said he and others will be lobbying in Harrisburg for a state historic tax credit, a financing tool that could fill 20 percent of the gap.
“That would lower the cost to the developer significantly,” he said.
It only makes sense to make Downtown development more affordable, he said, because the residential population there has more than doubled in the past decade, from 3,050 to 7,260.Right now, the occupancy rate for Downtown residences is 97 percent, so there is good reason to believe that new units would fare just as well.
For office space, overall occupancy is 90 percent, the highest in 20 years. Hotel occupancy, at 65 percent, is still higher than national average.
“So we are performing pretty well,” Mr. Edwards said. “This information allows us to tackle the nuances and make things even better.”
The spike in students is attributable to Pittsburgh CAPA 6-12, Point Park and Duquesne universities and the Art Institute of Pittsburgh. That influx, Mr. Edwards said, adds to the district’s depth because “they come at different times and spend money on different things.”
For example, comic books.
“This location thrives off the college students,” said Humes Grossman, a clerk at Comic Book Ink on Smithfield Street.
Downtown regular Premo Masullo, 40, of Brentwood, is a server at the Omni William Penn Hotel. He’s noticed changes for the better.
“I’ve been working here almost 20 years, and it’s more thriving than it was 20 years ago,” he said. “There are [more] smaller businesses Downtown. There are more kids, college kids, which increases business.”
But not every part of Downtown is benefitting equally from the positive trends, said Julina Coupland, 29, of Point Breeze.
“Pockets of it seem to be [thriving] and others are moving more slowly,” she said. “The Cultural District, the new Market Square are pretty vibrant. But mostly when I’m down here on weekends and evenings, it’s pretty quiet, not a lot is going on.”
Other findings in the report include:• Average household size increased to 1.5 people from 2008, and 4 percent of households have children.
• Top reasons for moving Downtown were convenience, desire for city living and appeal of the buildings.
• Weekly average of spending at Downtown restaurants and retailers was $183.
• Four in 10 commuters are ages 35 or younger.
• The Boulevard of the Allies is mostly traveled by students.
• Market Square and Fifth Avenue are among the busiest pedestrian areas due to recent revitalization.
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Golden Triangle Buildings Could Get Face-Lifts
Sunday, December 26, 2010
By Mark Belko, Pittsburgh Post-GazetteThe city is looking to brighten up some “dark corners” Downtown.
Aided by a $4 million state redevelopment assistance grant, the Urban Redevelopment Authority hopes to target rundown buildings Downtown and work with property owners to upgrade them.
The project is designed to supplement a larger revitalization in the Golden Triangle that already has included the construction of the Three PNC Plaza office tower and the redevelopment of a former five-and-dime store and a department store into residential, retail and other uses.
With much of that work completed, the URA has decided to go after properties “in need of some reinvestment” — not to buy but to approach and work with the owners about making improvements.
“This is really a building-by-building, block-by-block approach,” said Yarone Zober, URA board chairman and chief of staff to Mayor Luke Ravenstahl.
Mr. Zober said the genesis for the idea came during walks he and Mr. Ravenstahl had Downtown.
“One thing the mayor and I noticed at street level were individual buildings that needed work … or didn’t have street-level appeal. They detracted from the general feel and look of the Downtown corridor,” he said.
“It became very clear that we needed new tools to continue the revitalization of Downtown.”
Funds from the grant, awarded by Gov. Ed Rendell earlier this month, can be used to make facade improvements or to address “life safety” issues that prevent property owners from using upper floors for residences or other purposes.
Life-safety improvements could include stairwells, elevators or other measures to bring buildings up to code. URA executive director Rob Stephany said such improvements typically run $250,000 at the minimum.
While projects like Three PNC, Piatt Place and Market Square Place have helped to transform Downtown, there are other buildings still in need of work, including some near the upscale Capital Grille restaurant at Fifth Avenue and Wood Street, Mr. Stephany said.
“You go to wait for the valet to bring your car back and there’s blight staring you in the face,” he said.
Properties the city initially is targeting for possible work include the Thompson Building on Market Street between Fifth and Market Square and a building owned by the Order of Italian Sons & Daughters of America at Wood and Forbes Avenue that once housed a McDonald’s restaurant.
Also on the list are three buildings at the western corner of Fifth and Wood that house a jewelry store and other retail outlets and a couple of buildings on Wood owned by the URA itself.
Mr. Zober said the URA already has had discussions with the property owners about potential improvements.
David Kashi, owner of the Fifth and Wood properties, said he hopes to secure funds to upgrade the facades of the buildings. He plans to install new windows and perhaps add a marquee to the front of the buildings. He also is thinking about placing a “big clock” on the corner building.
“We’re going to make Downtown beautiful,” he said.
Mr. Kashi said he already has had one meeting with the URA and plans to have another next month to work out plans and budgeting. He had no estimate for the cost of improvements.
He likes the city initiative.
“Downtown is the center of the whole Pittsburgh area. I think it’s about time someone took the initiative and improved the look. Nothing has changed in 50 or more years,” he said.
Improving the overall ambiance also “attracts investors to bring money into Downtown Pittsburgh,” he said.
The program will require property owners to match amounts received from the URA. Mr. Kashi is not thrilled about having to do so but said he would to increase the value and curb appeal of his properties.
The Thompson Building, which once housed the Ciao Baby restaurant, is owned by the Pittsburgh History & Landmarks Foundation, which already has redeveloped three adjoining buildings at Market Street and Fifth.
Arthur Ziegler Jr., president of the foundation, said the organization plans to restore the facade of the Thompson Building, which likely will play host to some type of restaurant, bar or cafe.
Mr. Ziegler said the building once housed a restaurant operated by the Chicago-based Thompson restaurant chain. The chain at one time had six restaurants in Pittsburgh, but the Market Square building is the only one that has survived.
It was purchased by John R. Thompson in 1926, but dates back farther than that, perhaps to the turn of the century.
“It is an important part of Pittsburgh history,” Mr. Ziegler said.
Besides restoring the exterior, the foundation will “try to meet the green standards that we’ve established down there and we want to get the building in service as soon as possible in 2011,” he said.
The foundation spent $3 million restoring the original facades of the three adjoining buildings, which house a men’s clothing store, a shoe store and apartments. It plans to make a substantial investment in the Thompson Building but also is looking for help from the URA to fill in the gap.
“We did not do that with the first three buildings. We provided the funds. We need some help with this fourth one,” Mr. Ziegler said.
Like Mr. Kashi, Mr. Ziegler believes there is a need for the type of program the URA is starting.
“I think it’s excellent. We need to continue to recognize the value of these historic buildings and improve their exteriors and their basic interiors to meet building codes,” he said.
At the site of the former McDonald’s restaurant, the city would like to remove the burnt-orange metal facade that covers the upper floors and restore the building’s original exterior.
Mr. Ziegler said that underneath the current facade the building features an attractive stone architecture. “It was a handsome corner and we would like to see it be that again,” he said.
Officials at the Order of Italian Sons and Daughters could not be reached for comment.
While the URA has targeted some real estate, any Downtown building owner interested in upgrading a property can contact the agency about possible aid, Mr. Zober said.
The city’s effort is unrelated to six acquisitions totaling $15.15 million made by an unidentified buyer on the east side of a block bordered by Wood, Fifth and Forbes over the past eight months.
While the identity of the buyer is not known, many in the real estate community believe it is PNC Financial Services Group, which built Three PNC Plaza. A PNC spokesman has said, “We don’t comment on speculation.”
There’s much talk that the block could be the site of the next big development Downtown. In the meantime, the city is hoping to fill in the cracks.
“Our goal is to really make Downtown look complete,” Mr. Zober said.
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Buncher Co. to Redevelop Terminal Produce Building and Build on Unused Riverfront Land
Pop City Media
Wednesday, December 15, 2010
Terminal Produce Building
The Urban Redevelopment Authority has agreed to lease–with an option to sell–the 130,000-square-foot Fruit Auction Terminal Produce Building on Smallman Street in the Strip District. The Buncher Co. plans to turn the building into a thriving commercial space.
To purchase the building, Buncher must commit to building 75-units of residential housing on the 55-acres of surface parking behind the Terminal Building. The firm must also promise to preserve the historic architecture.
“The building really is at the end of its useful life. It needs anywhere from $6 to $10 million in capital improvements to bring it up to code and preserve it,” says Rob Stephany, executive director of the URA.
According to Stephany, Buncher is about 20% of the way into their planning process, having selected the renowned historic preservation architect Albert Feloni to create a master plan for the Terminal Building. Astorino is under contract to do the master plan for the vacant surface parking along the river between the convention center and 41st Street.
Once Buncher submits the master plans to the URA for review, the gears of construction can really start turning. Stephany says a recently conducted market analysis indicates the building would best benefit from restaurants, office, and showroom spaces on the platform, citing the Society for Contemporary Craft and The Pittsburgh Public Market as examples of forward-thinking reuse of these kinds of buildings.
As part of the project, the URA and the City recently rezoned part of the Strip as a redevelopment area, causing concern from some neighborhood stakeholders who thought the URA might be preparing for eminent domain seizures. Stephany says that while this is certainly not the case, they didn’t do a good of a job in communicating their plans. Their intent was to make funds from investors more flexible.
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Writer: John Farley
Source: Rob Stephany, URA
Photograph copyright Brian Cohen -
Buncher Plans Project for Strip District’s Fruit Auction Terminal Building
Pittsburgh Business Times – by Tim Schooley
Date: Thursday, December 9, 2010, 10:27am EST
In a bid to spark a transformational wave of development in the Strip District, Pittsburgh’s Urban Redevelopment Authority will vote on a plan to beat a path to the Allegheny riverfront this week through the red brick walls of the Pennsylvania Railroad Fruit Auction Terminal Building.
At its board meeting scheduled for Thursday, Dec. 9, the URA is expected to vote for the city to enter into an agreement in which it would lease the six-block-long building to the Buncher Co., giving the local development company an option to buy the property. A vote of approval by the mayor-appointed board is expected to provide Buncher with the opportunity to develop the building in tandem with a 75-unit apartment project on riverfront land Buncher owns behind the building, according to URA Executive Director Rob Stephany.
Stephany described the plan as a key move to kick-start development of approximately 55 acres Buncher owns that extend along Smallman Street and the Allegheny River from 11th to 23rd streets, a tract of largely undeveloped urban land he believed is as large as any of its kind in the country.
“The produce terminal is kind of at the end of its useful life. It needs to be part of something bigger,” Stephany said. “My gut tells me there’s a real strong appetite by the Buncher Co. to really begin this project in earnest.”
Calls to Buncher were not immediately returned.
Stephany said Buncher has demonstrated its commitment to push forward with development there by hiring MacLachlan, Cornelius & Filoni Inc. to handle the preservation and design for the renovation of the 130,000-square-foot terminal building, a project he estimated will cost from $7 million to $10 million. The redevelopment of the terminal building, now home to number of produce wholesalers as well as the Pittsburgh Public Market, which opened a few months ago, will serve as a gateway project that should allow Buncher to being to develop the 12 to 15 acres behind it that have been largely blocked from any new plans by the building.
The redevelopment will include building two access routes through the property, Stephany said, which he said was a requirement for making any new project behind the building viable.
“It’s so big and so long, if you did two penetrations to it, it’s almost negligible from an impact standpoint,” Stephany said, predicting the changes will concern preservationists.
Art Ziegler, president of Pittsburgh History & Landmarks Foundation, said his organization is supportive of the goal of redeveloping the building as well as establishing access through the building to enable development behind it, as long as that access is for pedestrians.
“We think that the building can be a landmark for the new project. It frames and defines the project,” Ziegler said. “We do not object to a pedestrian passage and maybe two. Our only objection is to make roadways (for cars) through the building.”
The building transaction is part of a larger collaboration between the city and Buncher. In the summer, the city reached an agreement with Buncher for a swap of properties that included the terminal building, a riverfront warehouse building in the 9th ward of Lawrenceville and the former Tippins steel property on the riverfront at the 62nd Street Bridge in Lawrenceville’s 10th ward.
Stephany said the URA continues to work with the building’s established produce wholesalers to identify potential new locations for them. He expects the building will be redeveloped for a host of office users, restaurants, studios and other uses, noting the terminal’s four-foot elevation above Smallman Street likely won’t work for retail. The infrastructure costs for the project have not yet been determined, Stephany said.
The URA also is working to establish a district for tax increment financing and redevelopment for the Strip District. Those proposals drew strong neighborhood criticism at a planning hearing on Dec. 7, and Stephany emphasized the TIF district and redevelopment zone are under consideration to improve the neighborhood’s eligibility for state and federal funds — and not for eminent domain.
Stephany said there is nothing in the city’s agreement with Buncher that guarantees the new Pittsburgh Public Market will remain in the building but that both the URA and Buncher are excited about its start and see it as part of a larger redevelopment plan. The time frame for Buncher’s development is not yet set.
“The end result of this isn’t going to be known for a while,” Stephany said.
Chuck Hammel, an owner of the nearby Cork Factory apartment building, described the URA’s plan to turn the terminal building over to Buncher as an important step in bringing new development to the neighborhood’s riverfront. One possible hurdle, he said, will be reaching a final agreement between Buncher and the Allegheny Valley Railroad over right-of-way issues, something Hammel hopes will be resolved for the good of everyone involved.
Hammel is working to develop a 90-unit apartment project near the almost fully occupied Cork Factory and said there is a steady influx of would-be tenants for more housing in the area.
“We have probably 20 to 30 people who look at the Cork Factory each week,” he said. “There’s a fair amount of out-of-town people being located here.”
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‘Isaly’s Building’ in Irwin Saved by Main Street Deli
Wednesday, November 24, 2010By Norm VargoLou Botti is realizing a childhood dream.
“I used to love it as a kid when my family went to shop in Irwin. I knew we would end up at Isaly’s for an ice cream,” recalled the North Huntingdon contractor.
“I would think to myself: Someday I’d like to own an Isaly’s.”
It’s not an iconic Isaly’s, Mr. Botti, 41, now owns. It’s the landmark Hamilton Building along Main Street, which many in town still call “Isaly’s.” For 43 years it housed the immensely popular dairy store, deli and bakery until it closed in 2004.
Earlier this month, Mr. Botti opened the Main Street Deli and Bakery in that space. The store offers cold deli sandwiches, pies, assorted pastries baked on the premises, milk, bread, buns, lunch meats, cheese and ice cream, the Hershey brand.
Mr. Botti plans to add a full kitchen later.
The interior was renovated to give the deli a retro look. A meat slicer left from the old Isaly’s sits on the back shelf.
The familiar white slate marquee sign with the black script lsaly’s logo remains.
“The sign is not intended to mislead people. I don’t own an Isaly’s, I don’t sell Isaly’s products,” Mr. Botti said. “It’s that the sign has a historical significance in Irwin’s downtown. The dairy store-deli was a destination for folks. Old-timers still call it “Isaly’s.”
“Lots of memories are in there, including mine,” Mr. Botti said.
“Customers keep bringing in mementos and souvenirs from the old Isaly’s. They want to share their treasures with me. It’s unbelievable,” he said.
A little history:
The late Art Lewis founded a dairy store in Irwin 65 years ago. The business outgrew its building.
When the Hamilton Building in the heart of downtown became available, he bought it.
About that time, Isaly’s began franchising. Mr. Lewis recognized the potential for a dairy store-deli in Irwin. He negotiated a franchise that would become so popular that he opened another Isaly’s in the Norwin Shopping Center in North Huntingdon.
Bakery goods were baked in the Irwin Isaly’s daily and delivered to the other store. Mr. Lewis retired in 1986 and sold that business to concentrate on the Irwin store.
Potential deals to purchase the three-story brick Isaly’s Building and the delicatessen, which was being operated by family members, fell through.
The structure deteriorated. Borough officials were considering condemnation.
“What council didn’t want to do was to tear down that landmark building and leave a vacant lot right in the middle of the downtown business district,” said Councilwoman Danyce Neal.
“We all were hoping somebody would buy it and restore,” Ms. Neal said.
Urged by Donn Henderson, the Irwin Main Street manager, Mr. Botti purchased the building in 2007.
He immediately corrected a multitude of building code violations to make the structure sound.
Then he renovated four apartments on the upper floors. All were rented before completion.
“I really was interested in those apartments,” said Mr. Botti, who estimated he “has put about $300,000” into the building.
“My initial plan was to find somebody to put in a deli,” he continued. “Three investors looked at it, but no deal materialized.
“I figured three years was long enough to wait. I decided to open one.”
Mr. Henderson said he hoped the deli would attract investors to invest in other businesses in the community.
For details, call 724-515-5525.
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Civic Arena Seats, Other Items Up for Sale or Bid
Thursday, November 04, 2010By Mark Belko, Pittsburgh Post-GazetteFans will have a chance to buy seats and other memorabilia from the Civic Arena over the next two months through on-line sales.
The city-Allegheny County Sports & Exhibition Authority approved an agreement this morning with the Penguins related to the sale of assets from the Igloo, which closed at the end of July.
Seats from the arena will go on sale to Penguin season ticket holders in the next few days, a sale that will run until Nov. 30. That will be followed by a sale to the general public on Dec. 1. A pair of seats will cost $495. Buyers can choose from red, blue, black and, of course, orange seats, but they will not be able to request individual seat numbers. About 5,000 seat pairs will be available for purchase.
The seat sale will be followed by an online auction Dec. 8 for other arena memorabilia, some of which will include Penguins logos or the signatures of players.
Bidding for the memorabilia will start about two weeks before Dec. 8. The highest bidder will be awarded the items. Those who have placed a bid will be notified if they have been outbid leading up to the closing Dec. 8.
“Although I don’t like this phrase, it’s very similar to eBay,” said Shawn Allen, chief operating officer for AssetNation, which is handling the sale.
The first online auction will be on Nov. 17 for arena furniture.
All of the seat transactions will take place on www.iglooseats.com
Bidding will be conducted at www.asset-auctions.com
Those who don’t have access to the Internet can call 1-800-303-6511 for a paper bid form.
The sale is expected to generate $1.6 million for the SEA and $800,000 for the Penguins, who will donate their share to their foundation.
The SEA’s share ultimately could be used to help pay for the demolition of the iconic 49-year-old domed building to make way for redevelopment.