Millcraft Industries
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Millcraft Industries
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| Type | Commercial real estate |
|---|---|
| Headquarters | Cecil Township, Pennsylvania[1] |
| Key people | Jack B. Piatt Chairman[2] |
Millcraft Industries, Inc. is a Cecil Township, Pennsylvania-based real estate and development company.
Millcraft began as a steel production company before expanding into real estate.[3] In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.[1]
The company has a strong presence in Western Pennsylvania.[1]
In the past, the Pittsburgh Post-Gazette has criticized Millcraft for its political influence over the Urban Redevelopment Authority of Pittsburgh.[4]
In 2012, the Wall Street Journal praised Millcraft's River Vue apartment building as being part of a renewed push for livability in Downtown Pittsburgh.[5]
In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" categorgy.[6] The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.[6]
In March 2009, Millcraft purchased the Pittsburgh State Office Building.[7] The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value.[7] He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.[7]
The company owns and developed the Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania.[2]
References
- ^ a b c Sandler, Robert (November 25, 2005). "Millcraft exits steel business". Pittsburgh Business Times. http://pittsburgh.bizjournals.com/pittsburgh/stories/2005/11/28/story1.html.
- ^ a b "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.. http://www.millcraftindustries.com/projects.php.
- ^ "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.. http://www.millcraftindustries.com/company.php.
- ^ "EDITORIAL - Trail of influence: When campaign donations follow public contracts". Pittsburgh Post-Gazette. March 29, 2009. http://blogs.sites.post-gazette.com/index.php/home/archives/7326-editorial-trail-of-influence-when-campaign-donations-follow-public-contracts.
- ^ "More Living in Steel City". Wall Street Journal. March 13, 2012. http://online.wsj.com/article/SB10001424052702303717304577277801029471634.html.
- ^ a b Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". Pittsburgh Business Times. http://pittsburgh.bizjournals.com/pittsburgh/stories/2008/11/10/focus12.html.
- ^ a b c Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". Pittsburgh Tribune Review. http://www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_640351.html.
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