Since then, Walnut Capital, a local property management company, has acquired the building and is currently renovating it. Construction began in late summer 2018 and was expected to last 18-24 months, but was delayed due to the COVID-19 pandemic as the state halted nonessential construction. Todd Reidbord, president and founding partner of Walnut Capital, said he expects the building to be ready for occupancy in spring 2021.

At a public meeting in Posvar Hall Thursday morning, the property and facilities committee of Pitt’s Board of Trustees unanimously approved several major leases and construction projects, a major step in starting to turn the campus master plan into reality.