Millcraft Investments
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Where Ideas Work | |
| Commercial real estate | |
| Headquarters | Cecil Township, Pennsylvania, U.S.[1] |
Key people | Jack B. Piatt Chairman[2] |
Millcraft Industries, Inc. is a real estate and development company based in the Pittsburgh suburb of Cecil Township, Pennsylvania.
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Millcraft began as a steel production company before expanding into real estate.[4] In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.[1]
The company has a strong presence in Western Pennsylvania.[1]
In 2012, the Wall Street Journal praised Millcraft's River Vue apartment building as being part of a renewed push for livability in Downtown Pittsburgh.[5]
In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" category.[6] The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.[6]
In March 2009, Millcraft purchased the Pittsburgh State Office Building.[7] The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value.[7] He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.[7]
The company owns and developed the Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania.[2]
References
- 1 2 3 Sandler, Robert (November 25, 2005). "Millcraft exits steel business". Pittsburgh Business Times.
- 1 2 "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.
- ↑ "Commercial Office - Crossroads Center". Millcraft Investments. Retrieved 2013-11-16.
- ↑ "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.
- ↑ Sadovi, Maura Webber (March 13, 2012). "More Living in Steel City". Wall Street Journal.
- 1 2 Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". Pittsburgh Business Times.
- 1 2 3 Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". Pittsburgh Tribune Review.
External links
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