PITTSBURGH, PA — Roadside Development, a Washington, D.C.–based real estate investment and development firm known for its retail-driven, mixed-use and adaptive reuse projects, on Thursday announced the acquisition of the Galleria in Mount Lebanon.
The acquisition fuels growing speculation that the site will become a second Wegmans supermarket in Western Pennsylvania, but no official announcement has been made yet.
Wegmans, the supermarket chain known for its customer service, restaurant foods and one-stop shopping, has plans to open a 115,000-square foot store in Cranberry next year. It will be the chain's first venture into the Pittsburgh market.
“Pittsburgh is a natural next step for Roadside as we expand beyond the D.C. region,” Roadside Development president Jeff Edelstein said in a statement.
“We’ve built our platform around developing and repositioning retail properties; our focus now is on taking a thoughtful, measured approach as we evaluate the property’s long-term potential. We’re excited to establish a presence in the market and explore additional opportunities over time.”
The Galleria, an approximately 168,000-square-foot, two-story shopping center originally was constructed as a Kaufmann’s department store. It was converted into an indoor shopping mall in 1988.
Roadside said its plans for the property "are currently in development."
In the near term, there will be no changes to the Galleria’s operations or its tenant mix. Current tenants include Anthropologie, Pottery Barn, Williams-Sonoma, Orvis, Evereve, AMC Theatres and Club Pilates, along with restaurants such as The Yard Gastropub, Houlihan’s, Mitchell’s Fish Market, Panera Bread and Starbucks.
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