One North Shore
A disciplined repositioning that transforms a legacy riverfront asset into a modern workplace for the next generation of Pittsburgh business.
One North Shore is a five-story, 97,000 square foot riverfront office building located directly across from PNC Park and adjacent to the Sixth Street (Clemente) Bridge. Set within a landscaped park environment with unobstructed Allegheny River and skyline views, the building offers controlled access, on-site security, and a quiet, pedestrian-friendly setting in one of Pittsburgh’s most visible and active districts. With exceptional connectivity to Downtown, the North Shore entertainment corridor, and regional transit, One North Shore provides an appealing foundation for organizations seeking a waterfront workplace with a strong sense of place.
Impact in Numbers
At-a-glance metrics for this property, including total square feet, year completed, and Elmhurst’s ownership period.
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Year Acquired
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Strengthening a Landmark District Through Stewardship and Long-Term Vision
The North Shore is one of Pittsburgh’s most vibrant cultural and economic corridors—home to major sports venues, riverfront trails, entertainment destinations, and growing corporate activity. One North Shore has long been part of this ecosystem, benefiting from decades of coordinated public and private investment that shaped the district into a high-amenity environment. Elmhurst’s stewardship reinforces these regional efforts by preserving a prominent riverfront building and preparing it for its next generation of tenants. Through collaboration with municipal partners, neighborhood stakeholders, and local workforce organizations, Elmhurst continues contributing to the stability and vitality of the North Shore.
The property’s visibility and civic adjacency create natural intersections with the community—whether through increased foot traffic supporting local restaurants, engagement with nearby employers, or integration into North Shore events and activities. As new tenancy is secured, Elmhurst intends to deepen these connections, ensuring the building remains a productive contributor to the cultural and economic fabric of Pittsburgh’s riverfront.
A Repositioning Strategy Rooted in Discipline and Market Insight
OneNorth Shore offers a compelling value-add opportunity grounded in a clear investment thesis: office standards, which include a new main lobby, refreshed common corridors, technology-enabled conference rooms, wellness features, and the repositioning of a highly visible, irreplicable, long-stabilized asset to meet the evolving expectations of modern tenants. One North Shore previously served as the long-term home of First National Bank (FNB), one of Pittsburgh's largest banking institutions, achieving near-full occupancy throughout Elmhurst’s 20+-year hold period. Following FNB's relocation, Elmhurst swiftly evaluated the asset's potential, leveraging its market expertise to craft a positioning plan aligned with tenant demand, location strengths, and its long-term vision.
Therenovation is already underway. Elmhurst is repositioning One North Shore to modern Class A flexible workspaces designed to support optimal tenant engagement.
Elmhurst’s strategy is gaining traction. S&T Bank recently executed a lease for approximately 28,000 square feet, establishing a new full-service Pittsburgh branch and expanded office at One North Shore, a vote of confidence in both the location, the repositioning vision, and the City of Pittsburgh.
One North Shore represents the disciplined execution Elmhurst is known for: repurposing an irreplicable property into a future-ready workplace with durable value for investors and enduring relevance for the City of Pittsburgh.
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