Oxford Development
{{Short description|Real estate firm based in Pittsburgh, Pennsylvania}}
{{Distinguish|Oxford Properties}}
{{Infobox company
| name = Oxford Development Company
| image = File:Oxford_Development_logo.jpg
| logo =
| type = Private
| foundation = 1963
| location = Pittsburgh, Pennsylvania, United States
| key_people = Steven J. Guy, President, CEO
| founder = Edward J. Lewis
| industry = Real estate
| homepage = {{URL|https://oxforddevelopment.com/}}
}}
Oxford Development Company is a real estate firm based in Pittsburgh, Pennsylvania, providing real estate development, property management, brokerage services, investment advisory services, and business operations. In 2021, it was listed as the largest commercial property manager in the Pittsburgh metropolitan area with {{cvt|13177043|sqft}} of leasable space.{{cite web |title=Largest Pittsburgh-area Commercial Property Managers |url=https://www.bizjournals.com/pittsburgh/subscriber-only/2021/12/17/largest-pittsburgh-area-commercial-1.html |archive-url= |archive-date= |website=Pittsburgh Business Times}} Likewise, it is one of the largest real estate firms in Pennsylvania.
Projects
In the 1980s, Oxford developed One Oxford Centre, a 45-story tower on Grant Street in downtown Pittsburgh.{{cite web |author1=Mark Belko |title=Oxford Development plans another 'world class' tower |url=https://www.post-gazette.com/business/2014/08/15/Oxford-Development-working-to-once-again-leave-its-mark-on-skyline-with-world-class-tower/stories/201408150056 |website=Pittsburgh Post-Gazette |publisher=PG Publishing Co. |access-date=6 October 2019}}
In 2014, the company announced its plans of developing another legacy project, which would be a 20-story tower located in Smithfield Street in downtown Pittsburgh. Oxford abandoned plans for the tower in 2017 after failing to find an anchor tenant.{{Cite web|url=https://www.post-gazette.com/business/development/2017/01/18/Downtown-property-sold-where-plans-once-included-high-rise-tower/stories/201701180171|title = Oxford abandons plans to build office tower in Downtown Pittsburgh}}
At the same time, Oxford developed 200 acres in Pittsburgh's Strip District to create their 3 Crossings project. The first phase of the project is currently leased up in what is becoming known as "Robotics Row" or "The Silicon Strip", featuring tenants such as autonomous driving company Argo AI,{{Cite web|url=https://www.post-gazette.com/business/development/2017/09/15/Argo-AI-to-move-to-3-Crossings-project-in-the-Strip-District-sources-say/stories/201709160019|title=Argo AI to move to 3 Crossings project in the Strip District, sources say|website=Pittsburgh Post-Gazette|language=en|access-date=2019-05-02}} Burns White, Bosch, Target, Apple, and Smith and Nephew.{{Cite web|url=https://www.post-gazette.com/business/development/2019/04/10/Smith-Nephew-Oxford-Development-Company-3-Crossings-Strip-District/stories/201904100130|title=Medical robotics facility headed to new buildings slated for the Strip|website=Pittsburgh Post-Gazette|language=en|access-date=2019-05-02}} Additionally, Pittsburgh-based health and nutrition related products company GNC has announced the relocation of their headquarters to 3 Crossings.{{Cite web |title=Vitamin giant GNC says it's moving headquarters to the Strip District |url=https://www.post-gazette.com/business/pittsburgh-company-news/2021/06/15/GNC-headquarters-move-Pittsburgh-health-supplements-vitamin-Strip-District-Harbin/stories/202106150128 |access-date=2022-03-07 |website=Pittsburgh Post-Gazette |language=en}} In October 2019, Oxford moved their headquarters to the 3 Crossings project as well, taking space in Riverfront West.{{Cite web|url=https://www.nextpittsburgh.com/city-design/oxford-development-moving-to-the-strip-to-be-part-of-their-own-creation/|title=Oxford Development moving to the Strip to be part of their own creation|last=O'Toole|first=Bill|date=2019-04-01|website=NEXTpittsburgh|language=en-US|access-date=2019-05-02}}
As of 2018, Oxford began managing multifamily residential properties, by self-managing three of their own properties: The Yards at 3 Crossings, Coda on Centre, and The Racquet Club Apartments, as well as management of a new residential building by Steel Street Capital, Helm on the Allegheny.
Subsidiaries
Subsidiaries of the company include:
- Oxford Real Estate Advisers (OREA)[http://www.orea-pgh.com/ Oxford Real Estate Advisers] (OREA)
- Oxford Realty Services[http://www.oxfordrealtyservices.com/ Oxford Realty Services]
{{Portal|Companies}}
References
{{Reflist}}
{{Pittsburgh Corporations}}
Category:1963 establishments in Pennsylvania
Category:Companies based in Pittsburgh
Category:Real estate companies of the United States
Category:Real estate companies established in 1963
{{Pittsburgh-stub}}