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TUFF Expands Investment in Pittsburgh’s Thriving Research Community

By February 19, 2024No Comments

Located along the Monongahela River, adjacent to the Hot Metal Bridge, 700 Technology Drive is anchored by Carnegie Mellon University (CMU) and the University of Pittsburgh’s (UPitt) Drug Discovery Institute.  Acquisition of the 90,000 square foot, five story wet lab facility represents a second investment in Pittsburgh by The University Financing Foundation, Inc (TUFF).  TUFF’s initial acquisition in 2021, Bridgeside Point 1 (Bridgeside), is a 160,000 square foot wet lab, classroom, and patient-facing specialty research facility, primarily occupied by UPitt.

Both facilities are situated close to the Hot Metal Bridge, providing connectivity to the South Side’s retail corridor, as well as enabling collaboration within this thriving research ecosystem.  Additionally, the buildings benefit from proximity to Hazelwood Green, where efforts are underway to redevelop 178 acres of Pittsburgh’s riverfront into a hub of innovation, creativity, and wellbeing.

Based on 42 years of experiences, TUFF believes university anchored research underpins innovation which paves the way for improved standards of living.  Consistent with TUFF’s approach in all their facilities, the implementation of intentional programming will be the next step in fostering a vibrant innovation ecosystem with students, faculty, entrepreneurs, and industry partners working together, which will enhance the research taking place at Bridgeside and 700 Technology Drive.

For deeper insight into the intentional programming from which 700 Technology Drive citizens will benefit, explore the three-year journey of Bridgeside’s programming evolution, led by Collaborative Real Estate.

TUFF is a mission-driven developer that works with universities and research institutions to develop and acquire state-of-the art buildings and vibrant communities where innovation and industry can thrive. A 501(c)(3) nonprofit, TUFF has over four decades of experience helping its clients achieve the best possible outcomes for their real estate and programming challenges and needs. With this acquisition, TUFF has invested just under $3 billion and completed 75 projects serving over 100 institutions across the country.