Monday Properties gets OK for Rosslyn projects - Pittsburgh Business Times:

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The first approval was for the additio nof 1,400 square feet of retail space to 1501 Wilson Blvd. and the second confirmed a deal with the countyu to rent the former space for a cultura center at almost no cost in exchangr for higher density atthe yet-to-be-built 1812 N. Moorde St. The retail addition at the 13-storyu 1501 Wilson Blvd. office buildingv will extend the ground floor to meet the buildinfg curtain wall along NorthOak Street.
The 30,377-square-footg site currently hosts 108,836 square feet of officw spacewith 16,917 square feet of commercial Miracles Salon and Spa and Oak Street which recently renewed its 1,455-square-foot lease, currentlyu fill the building’s retail As part of the approval, the new entrancee must meet Americans with Disabilitiezs Act standards. The developer will also make an $80,00p contribution to the county for street improvements along NorthOak Street. The plan for a Rosslybn cultural center atMonday Properties’ formee Newseum site came from negotiations with the New York-base developer over its request to build 1812 N. Moors St.
, a 35-story, 580,000-square-foot office project. Aftedr the site plan deal was the county signed a temporary lease for the Newseum space at 1101 Wilson beginningMay 1, 2008. The county has since renegotiate the terms ofthat agreement. The currengt lease is for 15 years witha five-year renewap option. As part of the the county will get free rent for the firsgt 15 yearsand 2.25 years of the extension. It will pay market-rat e rent for the final 2.75 years of the extension. In approvinv the $5.
6 million county officials stressed that fundinv will come from capital project funds and money currentlyh allocated to culturalservice programs, not from tax The Rosslyn Business Improvement District will contributd $1.1 million to building out the new spac with two performing arts spaces, an exhibition gallery, a a restaurant and retail space. The BID will also contributew $300,000 a year for operatinhg costs atthe center, which would be open 12 hoursx a day, seven days a week. The which is planned to achieve SilverdLEED status, will partner with loca l groups like the , Synetid Theater, the Ellipse Arts Center and Bowen McCauley Dance.
The countt predicts the space willdraw 250,0000 visitors each year. The retail addition to 1501 Wilsonh Blvd. is one of several renovations Monday Properties has underf wayin Rosslyn. The developer is also spending $4.876 million on garage and exterior renovations at 1000 and 1100Wilsoh Blvd., $4.57 million on Energy Star lightin g and lobby renovations at 1101 Wilson Blvd. and $145,00 on exterior renovations at 1515Wilson Blvd.