Almono and Carnegie Mellon University Reach Agreements with Tishman Speyer to Accelerate Transformation of Hazelwood Green into 21st Century Innovation Hub

The Almono Limited Partnership – owners of Pittsburgh's Hazelwood Green – and Carnegie Mellon University announced today that they reached agreements with Tishman Speyer, one of the world's leading developers, owners and operators of cutting-edge real estate, to transform the 178-acre site into a global center for tomorrow's economy anchored by exciting new research facilities for science and engineering.

Tishman Speyer will work with Almono, a joint venture of the Richard King Mellon Foundation, The Heinz Endowments, and the Claude Worthington Benedum Foundation, to convert the historic former steel-mill site, a symbol of Pittsburgh's industrial past, into a hub of innovation, science and sustainability that honors the community's history. Tishman Speyer and Almono will create the infrastructure and environments to support exploration and advances in robotics, A.I., life sciences and other 21st century fields.

Click here to read the full announcement over at PR Newswire.