The James Reed Building or the Reed Smith Building is a historic building in

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...

. It was constructed in 1902. It is in the

Beaux-Arts architecture Beaux-Arts architecture ( , ) was the academic architectural style taught at the École des Beaux-Arts in Paris, particularly from the 1830s to the end of the 19th century. It drew upon the principles of French neoclassicism, but also incorpora ...

style. For many years, the primary tenant had been Reed Smith law firm. The buildings namesake is one of Reed Smiths founders, James Hay Reed. Reed Smith bought the nine-story building in 1984 for $5.82 million as 435 Sixth Ave Associates. In 2007 Reed Smith decided to relocate its corporate headquarters to

Three PNC Plaza Three PNC Plaza is a tall skyscraper in Pittsburgh, Pennsylvania. It was announced on December 19, 2005 and completed in 2009 with 23 floors. It was the tallest building constructed in the city since Highmark Tower was completed in 1988, until T ...

and sell the building, which had a market value of $16.78 million. The downtown Pittsburgh office vacancy rate at the time was 20%, driving down the value of the building. In October 2008, the building was purchased by Mika Realty Group of Los Angeles for $6.5 million. Mika Realty, owned by Michael Kamen and Gerson Fox, purchased the building under the name 600 William Penn Partners LLC. Kamen and Fox also purchased the nearby Union Trust Building 6 months prior. In 2009, Reed Smith law firm moved its corporate headquarters to

. Mika Realty was never able to find a tenant to replace Reed Smith, the building remained vacant, which led to bankruptcy in 2011. PMC Property Group purchased the building in September 2012 for $5.5 million in a U.S. Bankruptcy Court auction in Los Angeles. The building was redeveloped into a 249-room Hotel Monaco, opened in January 2015.

References

Beaux-Arts architecture in Pennsylvania Skyscraper office buildings in Pittsburgh Office buildings completed in 1902 Kimpton hotels Skyscraper hotels in Pittsburgh {{Pittsburgh-struct-stub