According to the U.S. Travel Association, U.S. residents logged 457.4 million overnight visits for business purposes in 2016, and for good reason: For every dollar invested in business travel, companies benefit from an average of $9.50 in increased revenue.
But for travelers, living out of a suitcase can be a slog. Nothing feels less like home than a generic hotel room.
Beginning this spring, visitors passing through Pittsburgh on work-related trips will find the comforts of home mixed with hotel amenities at Town Place, a joint project of BridgeStreet Global Hospitality and Kossman Development Company. The 12-story luxury apartment building is located at Forbes Avenue and Stanwix Street, right near Market Square.
Housed in a former office building, the multi-million dollar renovation will feature 62 fully furnished studio, one-, two- and three-bedroom, high-end apartments available on a short-term or long-term basis to business travelers.
“BridgeStreet offers our guests ‘your stay, your way,’” says Greg Kavanagh, the company’s regional vice president of operations. According to Kavanagh, amenities will include fully-equipped kitchens, safe indoor parking, customized furnishings in loft-style settings and a dog park — a rarity for Downtown apartment dwellers.
“Each unit will have a unique layout, views and ambiance,” he adds. “Five glass-enclosed penthouses will offer high-end living atop Pittsburgh with 360-degree views.”
Town Place will be the first Pittsburgh building entirely managed by BridgeStreet, which also has apartments nearby in the Encore, Clark Building and Alcoa Building.
Kossman Development President Curtis Kossman says that Town Place, which began construction in 2016, is the largest redevelopment of a building in the company’s portfolio in its 60-year history.
“The building is undergoing a complete top-to-bottom makeover,” says Executive Vice President Marc Kossman. “Everything from the lobby to the roof was stripped to its shell condition. We simply built everything new on top of a rock-solid structure originally built in the late 1920s.”
“Everything” includes new windows, climate controls, lighting, plumbing, state-of-the-art Wi-Fi, smart TVs, stainless steel appliances and solid surface countertops. And each floor of the 322-space parking garage will utilize “park eyes” technology, allowing guests to quickly and easily identify open spaces, locate their car or request assistance.
Kossman’s in-house architectural design firm is creating what he calls “a unique, timeless and pleasing environment.”
One check in the “unique” column: a giant rooftop chess board.
Other social gathering areas will feature gaming devices, pool and ping-pong tables, an outdoor spa, a self-service bar and grill, and meeting and conference rooms — the building is for business travelers, after all.
Retail space in the lower levels is still being filled in, but tenants may include a bank, coffee shop and hair salon to provide additional services to the corporate tenants above. A lobby concierge, full-service gym and Rite Aid pharmacy will round out the on-site amenities.
And for off-site exploration, “you can’t beat the location,” Curtis says. “It’s around the corner from Market Square and Point State Park, blocks from the Cultural District, surrounded by Class A office buildings and across the street from the T station.”