FNB Financial Center Team Celebrates Milestone $40 Millionth Dollar Paid to Diverse Contractors

Pittsburgh, PA – May 14, 2024 – The FNB Financial Center team announced Tuesday that it paid out the $40 millionth dollar to diverse businesses as part of the construction of the 26-story tower. This major milestone reflects the culmination of years of investment and commitment to ensure the Lower Hill Redevelopment generates shared prosperity for the community. At project completion later this summer, the combined value of MWBE contracts for design and construction is expected to approach $50 million.
 
As part of this milestone, the project team celebrated the mobilization Tuesday by Butler Landscaping & Construction, which will prepare the plaza and terrace areas around FNB Financial Center. The building’s grand opening will take place in Summer 2024.
 
Roy Butler owns Butler Landscaping & Construction, which he founded in 1984 and grew into one of the region’s premiere landscaping companies. This week, his company began work to landscape and irrigate the grounds around FNB Financial Center, a job he expects to be his company’s largest in 2024. He said diverse contracting practices helped him get his start. 
 
“I started my company decades ago, and it has succeeded because of a commitment to quality. I’m proud of that success. At the same time, thinking back on my big, early projects, I know that diverse contracting opened doors that otherwise would have been closed to me. Looking around the site of FNB Financial Center, I get a sense of growth. Not just for my company and my employees, but for all the companies and workers who got their first big opportunity here.”
 
FNB Financial Center: Diverse Contracting and Workforce Numbers
 

• $46 million in construction contracts for Minority- or Women-owned Business Enterprises (MWBEs), which is 40% of total construction contracting.
  • $25.1 million to Black-owned businesses
  • $12.1 million to additional minority-owned businesses
  • $8.6 million to women-owned businesses
• 78 MWBEs received contract commitments for FNB Financial Center.
  • Of those, 48 MWBEs received contracts specifically in the construction phase.
• 79,427 hours worked by minority workers on the site, which is 15% of total.*
• 76 new construction jobs for minority workers – out of 326 new construction jobs created by the project.

 
Vincent J. Delie, Jr. is Chairman, President and Chief Executive Officer of F.N.B. Corporation, the anchor tenant and largest equity investor for FNB Financial Center:
 
“With our investment in our new headquarters, FNB Financial Center, we are very proud to be the catalyst behind a chain of development that will lead to the prosperity for our region. We are creating opportunities for diverse businesses and Pittsburgh residents that will have a broader positive impact on economic expansion for years to come.”
 
Bomani M. Howze is Vice President of Development for Buccini Pollin Group, and a lifelong Hill District resident:
 
“I came into the project with huge aspirations. I want contractors to look at FNB Financial Center for years to come and think: that’s where I got my big break. To make that goal a reality, we worked closely with small- and medium-sized contractors to grow their capacity to perform well on this project and compete fiercely on future projects. We also brought new people into careers in the construction trades by working with partners in the public sector, private sector and labor unions. This project is a catalytic spark that has helped charge revitalization in the Greater Hill District and the region.”
 
Craig Dunham is Senior Vice President, Pittsburgh Penguins:
 
“Central to advancing the redevelopment of the Lower Hill we embraced a bold plan with our public and community partners setting out historic goals for community reinvestment in the framework of the community reinvestment plan. It is rewarding to see that plan realized through the hard work of our development partners from the early design to the finishing touches of the landscaping. “
 
Amachie K. Ackah is Co–Founder of Clay Cove Capital and an investor in the FNB Financial Center.
 
“Today is a proud day for our team. FNB Financial Center is a model, in Pittsburgh and beyond, of a major project that creates lasting opportunities. This milestone is proof that when people of good faith and good will work together, we can build great things that endure and can inspire others.”
 
About FNB Financial Center:
 

• Class A, best-in-class, sustainable mixed-use building designed by Gensler
• 26 stories of offices, ground floor retail and on-site parking
• Nearly 550,000 square feet (total)
  • 400,000+ square feet of Class A office space
  • 20,000 square feet of retail space
  • 2 levels of on-site parking

• Amenities include a state-of-the-art fitness center with locker areas, a large-scale conference center, and a tenant-only terrace retreat and dining area, and public plazas. 
• Timeline: FNB Financial Center broke ground in late 2021, topped off its 26th story in 2023, and will open Summer 2024.

• Community benefits: FNB Financial Center is part of an innovative partnership between public and private entities, community organizations, lead investor F.N.B. Corporation, the Pittsburgh Penguins and lead developer Buccini Pollin Group, in order to share the prosperity generated by the Lower Hill Redevelopment with the entire Historic Hill District.

 
*Workforce numbers as of April 1, 2024.