525 William Penn Place | |
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525 William Penn Place
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General information | |
Type | Office / Commercial |
Location | 525 William Penn Place, Pittsburgh, Pennsylvania |
Construction started | April 1, 1949 |
Completed | 1951 |
Opening | 1951 |
Cost | $67,650,000 |
Owner | FAC 525, LLC |
Management | Jones Lang LaSalle |
Height | |
Roof | 520 feet (160 m) |
Technical details | |
Floor count | 41 |
Floor area | 942,665 square feet (87,576.4 m2) |
Lifts/elevators | 20 |
Design and construction | |
Architect | Harrison & Abramovitz |
Developer | John W. Galbreath |
Main contractor | Turner Construction Company |
525 William Penn Place (also known as the Citizens Bank Tower) was completed in 1951 for the Mellon National Bank and the U.S. Steel Corporation. At 520 feet (160 m) tall, it was the second tallest building in Pittsburgh until 1970, the third tallest until 1984. The building has 41 floors and approximately 950,000 square feet (88,000 m2) of office space. Presently it is the third largest office building by square feet in downtown Pittsburgh.
525 William Penn Place was one of the first skyscrapers built in Pittsburgh as part of longtime Mayor David Lawrence's Renaissance I building initiative to rebuild downtown Pittsburgh from the ground up. The building was built by the then Pittsburgh Pirates owner John W. Galbreath with loans from the Mellon National Bank and additional financing from insurance companies. At the time of construction, Mellon purchased floors 2-8 by deed in 1951 from John W. Galbreath. The building was designed by Harrison & Abramovitz with construction by the Turner Construction Company. It was built on the site of the Henry Hotel which was demolished to prepare the site for the tower in 1949.
The original plan for the building was to construct the ground floors in the same architectural design as the Mellon National Bank on Smithfield Street adjacent to the skyscraper and to allow open flow of Mellon employees between the two buildings with Mellon occupying the first eight floors. This plan was later modified during construction to give the entire building its own modernist style and an open shared lobby with three elevator banks and multiple passages between the skyscraper and the Mellon National Bank on Smithfield Street. U.S. Steel leased the floors 9 through 37 for their corporation and various subsidiaries. The top floors were reserved for the T. Mellon & Sons Company, various Mellon family charities offices, and a penthouse for philanthropist Richard King Mellon. U.S. Steel was the primary tenant until completing their own skyscraper, U.S. Steel Tower, on Grant Street in 1970. At that time, Mellon Bank owned floors 2-8 and leased the remainder of the building from the John W. Galbraith Co. In April 1982, Mellon Bank finally purchased the remainder of the building for $10 million.