PNC reveals plans across Wood Street as it works to buy Roberts Building, Skinny Building from URA

PNC Wood Street A rendering of the buildings at the corner of Forbes and Wood Street in the 400 block of Wood across from the Tower at PNC Plaza, PNC's global headquarters. PNC has revealed that it has been working to buy the collection of properties across Wood Street to redevelop them to build a larger presence for the financial institution. (Pittsburgh Business Times)

By Tim Schooley - Pittsburgh Business Times

PITTSBURGH — PNC Financial Services Group Inc. (NYSE: PNC) is working to buy a block of small commercial buildings across Wood Street from its headquarters downtown.

After a couple mystery buyers bought most of the rest of a strategic block of Wood Street in the spring, PNC is on the agenda for the August board meeting of the Urban Redevelopment Authority of Pittsburgh to buy 429-431 Wood Street and 241 Forbes Ave., which includes the Roberts Building and the Skinny Building, from the city agency.

When asked about the financial institution’s interest in buying the two buildings and whether they were part of a larger plan, a spokeswoman confirmed that PNC has been seeking to buy the rest of the properties in the block of Wood Street.

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