FNB Financial Center rendering. Source: Gensler

PITTSBURGH, PA— F.N.B. Corporation, the parent company of First National Bank and the Pittsburgh Penguins, will serve as the anchor tenant for FNB Financial Center in Downtown Pittsburgh.

The firm will occupy more than 160,000 square feet of space at the new 24-story mixed-use tower to be developed by Buccini/Pollin Group at the corner of Washington Place and Bedford Avenue in the historic Lower Hill District.

The offices at the FNB Financial Center will serve as the corporate headquarters for F.N.B. Corp.

FNB Financial Center will be located on the site of the former Civic Arena where the Penguins have development rights. The much-anticipated development of the site includes multiple structures with more than 1 million square feet of best-in-class office, residential and retail space along with significant amounts of green space and open plazas.

FNB will have additional options to expand to accommodate future growth at the property, and will also have nearly 2,000 square feet of street level retail space, which will be occupied by a state-of-the-art FNB technology branch. FNB Financial Center will enable the consolidation of the company's regional headquarters operations. The building will create a central hub that will house FNB's executive leadership as well as multiple groups within the company's commercial, consumer banking, wealth and support departments.

The 24-story tower will prominently display FNB's logo and will be highly visible for the hundreds of thousands of daily commuters on both I-579 and Route 28. The sustainable mixed-use project will contain more than 387,000 square feet of Class A office space, over 20,000 square feet of multi-level retail space and a two-story parking structure. The green space adjacent to FNB Financial Center also will be named The Plaza at FNB Financial Center, where the company plans to host various community events.

Earlier this year, the Pittsburgh Penguins introduced BPG as the master developer of this highly visible, central redevelopment site. BPG's managing partner, Chris Buccini says, "This entire district will be one of the leading mixed-use, urban infill redevelopments in the United States highlighted by modern offices, residential units, a group hotel, public parking and market-leading retail and entertainment destinations."

Completion of FNB Financial Center is anticipated in 2022. FNB was advised in this transaction by JLL and Colliers International. JLL also advised the development team.

Instant Insights /

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