Market Segment
New Headquarters for US Steel
Written by Sandy Williams
November 24, 2014
US Steel announced on Monday it will build a new corporate headquarters at the former Civic Arena site in Pittsburgh’s lower Hill District. The new headquarters is part of US Steel’s Carnegie Way and is expected to provide significant cost savings by housing employees from a number of locations under one roof.
“As we continue on our Carnegie Way transformation journey and write the next chapter in the history of U. S. Steel, we are proud that our roots will remain firmly planted in Pittsburgh as we call the lower Hill our new home,” said President and CEO Mario Longhi. “These headquarters are an important investment in our employees and our future, as we foster increased collaboration far beyond the walls of this new building.”
The Pittsburgh Penguins have been working to redevelop the 28 acre site to include residential, retail and office space. The US Steel building will house more than 800 employees in 250,000 square feet. Construction is expected to begin in fall 2015 and be completed in 2017. The building will be owned and operated by a joint venture between Clayco and Pittsburgh Arena Real Estate Redevelopment LP, an affiliate of the Penguins.
“U. S. Steel has been such an integral part of Pittsburgh’s heritage, and now this iconic company is leading the way on an exciting and transformational development for the 21st century,” said Morehouse. “By placing its new headquarters here, U. S. Steel will be a catalyst for development on a site that we envision as modern urban mix of residential, office and retail space. It is a great day for Pittsburgh and a great day for our region.”
The new headquarters will be built with sustainable building practices using US Steel products where appropriate.
Sandy Williams
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