Pittsburgh's Station Square headed towards foreclosure

[TheFugitive]

Pittsburgh's Station Square, a mall on the South Side that resides inside an historic former railroad station, is headed towards foreclosure.

Long a celebrated piece of historic preservation and a hot nightspot the complex is reeling from the recent and rapid departure of three restaurants: Buca DiBeppo, Joe's Crab Shack, and the Hard Rock Cafe.  The owners are apparently not keeping up on loan payments for the financing they obtained to buy the mall in 2018, and that lender has now sued them.

https://patch.com/pennsylvania/pittsburgh/station-square-reeling-amid-restaurant-closings-foreclosure

Station Square's status as an historic landmark will complicate the situation as it will impose some restrictions on what the lender (or whomever they might sell to) might do.

This comes as kind of a shock locally as the Station Square complex has been quite popular with both locals and tourists since it opened in the 1970's.

[TheFugitive]

Station Square has been sold to developers from Massachusetts.

https://www.msn.com/en-us/news/crime/new-owner-hopes-to-revive-station-square-bringing-it-into-a-new-era/ar-AA1QUmub?ocid=BingNewsSerp

Supposedly they have a plan to try and revive it.  There has been a slow and steady exodus from the historic former P&LERR station in recent years.

[BillyGr]

Station Square has been sold to developers from Massachusetts.

https://www.msn.com/en-us/news/crime/new-owner-hopes-to-revive-station-square-bringing-it-into-a-new-era/ar-AA1QUmub?ocid=BingNewsSerp

Supposedly they have a plan to try and revive it.  There has been a slow and steady exodus from the historic former P&LERR station in recent years.

Hopefully they can make things work out, seemed like a good spot, once one was able to fi9gure out how to get down TO it, rather than being stuck on the road way above heading for a tunnel to somewhere else ;)