Post by Logan on Feb 25, 2016 7:15:04 GMT -6
A committee of University of Pittsburgh trustees today approved acquisition of the former Syria Mosque property in the heart of the school's Oakland campus from UPMC for $10 million.
The vote by the Property and Facilities Committee involves 2.1 acres of undeveloped land just north of Fifth Avenue between Bigelow Boulevard and Lytton Avenue. Decades ago, the property was ground zero for one of the roughest land preservation fights in city history.
The site already is zoned Educational/Medical/Institutional (EMI), which facilitates university usage of the property, Pitt said in a statement released minutes after the mid-afternoon vote.
“The University continually monitors the local real-estate market for strategic opportunities to acquire buildings or land that are in close proximity to any of its University campuses and suitable to support and advance the University’s mission,” said Art Ramicone, senior vice chancellor, chief financial officer, and interim senior executive vice chancellor for business and operations. “Opportunities such as this, to acquire property of this nature in Oakland, are extremely scarce.”
Read more: www.post-gazette.com/local/city/2016/02/24/Pitt-to-obtain-former-Syria-Mosque-property-from-UPMC-for-10-million/stories/201602240211
The vote by the Property and Facilities Committee involves 2.1 acres of undeveloped land just north of Fifth Avenue between Bigelow Boulevard and Lytton Avenue. Decades ago, the property was ground zero for one of the roughest land preservation fights in city history.
The site already is zoned Educational/Medical/Institutional (EMI), which facilitates university usage of the property, Pitt said in a statement released minutes after the mid-afternoon vote.
“The University continually monitors the local real-estate market for strategic opportunities to acquire buildings or land that are in close proximity to any of its University campuses and suitable to support and advance the University’s mission,” said Art Ramicone, senior vice chancellor, chief financial officer, and interim senior executive vice chancellor for business and operations. “Opportunities such as this, to acquire property of this nature in Oakland, are extremely scarce.”
Read more: www.post-gazette.com/local/city/2016/02/24/Pitt-to-obtain-former-Syria-Mosque-property-from-UPMC-for-10-million/stories/201602240211