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PITTSBURGH-PNC Financial Services Group Inc. has selected Toronto-based Fairmont Hotels & Resorts to operate the hotel and residential condo component of Three PNC Plaza. The 23-story, 780,000-sf complex at Fifth Avenue and Market Street includes 326,000 sf of office space, which is fully preleased, approximately half each to PNC and the locally based Reed Smith law firm.

The hotel encompasses 185 guest rooms and approximately 28 for-sale residential condos on floors 14 through 23, plus a 6,000-sf ballroom, 8,000-sf spa and fitness center, lobby lounge, bar and restaurant on the lower-floor entrance. Cliff Schultz in the local office of Howard Hanna Real Estate is heading the condo marketing team. At GlobeSt.com press time he was about to attend a meeting at which details, including sizes and pricing for what will now be called the Residences at the Fairmont, will be finalized.

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