Settlers Ridge

Settlers Ridge
Location Robinson Township, Allegheny County, Pennsylvania
Opening date 2009
Developer CBL & Associates Properties, Inc. and Faison Enterprises, Inc.
Management Wilder Companies
Owner Inland Real Estate Income Trust Inc.
No. of stores and services 50+
No. of anchor tenants 5
Total retail floor area 600,000 square feet (56,000 m2)
No. of floors 1 (some anchors feature 2 levels)
Parking 2,940 spaces
Website Settlers Ridge

Settlers Ridge is an open-air lifestyle center in Robinson Township, Allegheny County, Pennsylvania about halfway between Penn Center West and the Robinson Town Centre. The $100 million shopping complex opened for business on October 30, 2009, with phase two of the development currently under construction as of Spring 2011. It is owned by O'Connor/Real Vest Retail Holding Co. LLC of New York, with Boston-based Wilder Companies handling management and leasing at the shopping center.

Planning and development

In 2006, following the completion of the Ridge Road interchange off of the Parkway West (U.S. Route 22/30), developers CBL & Associates Properties, Inc. and Faison Enterprises, Inc., purchased about 79 acres (320,000 m2) nearby from Robinson Park Associates to develop a new lifestyle center, which was to be called Settlers Ridge.[1][2][3]

The plans were put before the local planning commission in the fall of 2006,[4] and approved by the Robinson commissioners in November 2006.[5] An amended plan for the development was approved by the town commissioners in October 2007,[6] and work began on the site soon after with construction on buildings beginning in the summer of 2008.[7][8][9] In late 2010, CBL sold the first phase of the Settlers Ridge shopping complex to O'Connor/Real Vest Retail Holding Co. LLC of New York for $132.9 million, with an option to purchase the phase two addition from CBL at a later date. Boston-based Wilder Companies currently manages and leases the complex.[10]

Anchors

References

  1. ↑ Schooley, Tim (October 20, 2006). "Deep-pocketed CBL eyes Settlers Ridge". Pittsburgh Business Times (American City Business Journals, Inc.). Retrieved 2009-01-10.
  2. ↑ "CBL/Faison Joint Venture Purchases Land to Develop Settlers Ridge Lifestyle Center in Pittsburgh" (Press release). Carolina Newswire. June 11, 2006. Retrieved 2008-12-25.
  3. ↑ David, Brian (August 3, 2006). "Plans sprouting in Robinson near new interchange". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  4. ↑ David, Brian (October 26, 2006). "Settlers Ridge up for vote in Robinson". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  5. ↑ "Settlers Ridge OK'd". Pittsburgh Post-Gazette. PG Publishing Co., Inc. November 14, 2006. Retrieved 2008-12-25.
  6. ↑ David, Brian (October 11, 2007). "Settlers Ridge lifestyle center gets green light". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  7. ↑ David, Brian (January 31, 2008). "Settlers Ridge on target for '09". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  8. ↑ Baron, Jennifer (April 30, 2008). "Construction starts on $120M 600,000 sf mixed-use Settlers Ridge". Pop City. Issue Media Group, LLC. Retrieved 2008-12-25.
  9. ↑ "Big Robinson Complex To Have Shops, Movies, Restaurants". WTAE Pittsburgh (ThePittsburghChannel.). April 23, 2008. Retrieved 2009-01-10.
  10. ↑ Spatter, Sam (March 15, 2011). "Settlers Ridge complex in Robinson continues to grow". Pittsburgh Tribune-Review. Tribune-Review Publishing Co., Inc. Retrieved 2011-03-15.

External links

Coordinates: 40°26′20″N 80°08′44″W / 40.43876°N 80.14543°W / 40.43876; -80.14543


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