I'm not 100% sold on that being a huge development opportunity. I think there will be some but nearly what people expect. They haven't even sold what's outside Consol and is there anything new on 5th? Nobody will ever go there when there isn't an event, at least the north shore is a decent enough area to sustain some business, apartments and office buildings. I don't see most of that in what is a bad area on non pens nights.
That North Shore development is all new since PNC Park and Heinz Field opened. It took years for that to develop
. I remember going to games at Heinz Field when there was nothing there.
Of course- Mellon Arena has only been gone for less than a year. Remember the Pens are required to start development a year after the arena demolition. I would assume roads and infrastructure would be the first step then commercial and retail. I had read that the prices that they are asking for the 5th avenue properties is crazy-probably why nothing has been happening there.
The Consol area is not any worse than that North Shore area. The advantage that the Consol has is that there are so many more events-concerts, ice shows etc.. It is always busy. Gotta give more than 1 year though.