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PITTSBURGH-PNC Financial Services Group Inc. has selectedToronto-based Fairmont Hotels & Resorts to operate the hoteland residential condo component of Three PNC Plaza. The 23-story,780,000-sf complex at Fifth Avenue and Market Street includes326,000 sf of office space, which is fully preleased, approximatelyhalf each to PNC and the locally based Reed Smith law firm.

The hotel encompasses 185 guest rooms and approximately 28for-sale residential condos on floors 14 through 23, plus a6,000-sf ballroom, 8,000-sf spa and fitness center, lobby lounge,bar and restaurant on the lower-floor entrance. Cliff Schultz inthe local office of Howard Hanna Real Estate is heading the condomarketing team. At GlobeSt.com press time he was about to attend ameeting at which details, including sizes and pricing for what willnow be called the Residences at the Fairmont, will befinalized.