Settlers Ridge

Settlers Ridge is an open-air lifestyle center in Robinson Township, Allegheny County, Pennsylvania about halfway between Penn Center West and the Robinson Town Centre. The $100 million shopping complex opened for business on October 30, 2009, with phase two of the development currently under construction as of Spring 2011. It is owned by O'Connor/Real Vest Retail Holding Co. LLC of New York, with Boston-based Wilder Companies handling management and leasing at the shopping center.

Settlers Ridge
LocationRobinson Township, Allegheny County, Pennsylvania, United States
Coordinates40.43876°N 80.14543°W / 40.43876; -80.14543
Opening date2009
DeveloperCBL & Associates Properties, Inc. and Faison Enterprises, Inc.
ManagementWilder Companies
OwnerInland Real Estate Income Trust Inc.
No. of stores and services50+
No. of anchor tenants5
Total retail floor area600,000 square feet (56,000 m2)
No. of floors1 (some anchors feature 2 levels)
Parking2,940 spaces
Websitesettlersridgepa.com

Planning and development

In 2006, following the completion of the Ridge Road interchange off of the Parkway West (U.S. Route 22/30), developers CBL & Associates Properties, Inc. and Faison Enterprises, Inc., purchased about 79 acres (320,000 m2) nearby from Robinson Park Associates to develop a new lifestyle center, which was to be called Settlers Ridge.[1][2][3]

The plans were put before the local planning commission in the fall of 2006,[4] and approved by the Robinson commissioners in November 2006.[5] An amended plan for the development was approved by the town commissioners in October 2007,[6] and work began on the site soon after with construction on buildings beginning in the summer of 2008.[7][8][9] In late 2010, CBL sold the first phase of the Settlers Ridge shopping complex to O'Connor/Real Vest Retail Holding Co. LLC of New York for $132.9 million, with an option to purchase the phase two addition from CBL at a later date. Boston-based Wilder Companies currently manages and leases the complex.[10]

Anchors
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References
  1. Schooley, Tim (October 20, 2006). "Deep-pocketed CBL eyes Settlers Ridge". Pittsburgh Business Times. American City Business Journals, Inc. Retrieved 2009-01-10.
  2. "CBL/Faison Joint Venture Purchases Land to Develop Settlers Ridge Lifestyle Center in Pittsburgh" (Press release). Carolina Newswire. June 11, 2006. Retrieved 2008-12-25.
  3. David, Brian (August 3, 2006). "Plans sprouting in Robinson near new interchange". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  4. David, Brian (October 26, 2006). "Settlers Ridge up for vote in Robinson". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  5. "Settlers Ridge OK'd". Pittsburgh Post-Gazette. PG Publishing Co., Inc. November 14, 2006. Retrieved 2008-12-25.
  6. David, Brian (October 11, 2007). "Settlers Ridge lifestyle center gets green light". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  7. David, Brian (January 31, 2008). "Settlers Ridge on target for '09". Pittsburgh Post-Gazette. PG Publishing Co., Inc. Retrieved 2008-12-25.
  8. Baron, Jennifer (April 30, 2008). "Construction starts on $120M 600,000 sf mixed-use Settlers Ridge". Pop City. Issue Media Group, LLC. Retrieved 2008-12-25.
  9. "Big Robinson Complex To Have Shops, Movies, Restaurants". WTAE Pittsburgh. ThePittsburghChannel. April 23, 2008. Retrieved 2009-01-10.
  10. Spatter, Sam (March 15, 2011). "Settlers Ridge complex in Robinson continues to grow". Pittsburgh Tribune-Review. Tribune-Review Publishing Co., Inc. Retrieved 2011-03-15.


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