Shadyside-based Walnut Capital and Pittsburgh’s Urban Redevelopment Authority purchased the property for $5.4 million from RIDC and announced plans in 2007 for transforming the old main factory building into offices and retail space with a new parking garage and hotel constructed nearby.
Google became the first high profile tenant, creating an initial campus of 115,000 square feet on the double height penthouse space. It was joined by UPMC, University of Pittsburgh, Human Engineering Research Laboratories, and Carnegie Mellon University’s Software Engineering Institute – among others – that quickly cemented the reputation of Bakery Square as a technology hub in the city.
Bakery Square businesses now employ over 3,000 people, far in excess of the original bakery