Millcraft Industries, Inc. is a real estate and development company based in the

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 ...

suburb of

Cecil Township, Pennsylvania Cecil Township is a township in Washington County, Pennsylvania, United States. It is a suburb in the Pittsburgh metropolitan area. The population was 14,585 at the 2020 census. The township contains the Southpointe suburban business park; comp ...

History

Millcraft began as a steel production company before expanding into real estate. In 2005, following a deal with

Hilton Hotels Hilton Hotels & Resorts (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton. The original company was founded by Conrad Hilton. As ...

and an expanding commercial real estate business, Millcraft formally exited the

steel industry Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

. The company has a strong presence in

Western Pennsylvania Western Pennsylvania is a region in the U.S. state of Pennsylvania, covering the western third of the state. Pittsburgh is the region's principal city, with a metropolitan area population of about 2.4 million people, and serves as its economic ...

. In 2012, the

Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

praised Millcraft's River Vue apartment building as being part of a renewed push for livability in

Downtown Pittsburgh Downtown Pittsburgh, colloquially referred to as the Golden Triangle, and officially the Central Business District, is the urban downtown center of Pittsburgh. It is located at the confluence of the Allegheny River and the Monongahela River whose ...

. In 2008, Millcraft CFO Brian Walker, won the ''

Pittsburgh Business Times American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'' CFO of the Year award in the "Large private company" category. The award was largely the result of Walker's ability to use the

New Markets Tax Credit Program The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is admini ...

to finance previously impossible projects in

. In March 2009, Millcraft purchased the Pittsburgh State Office Building. The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appraised value. He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings. The company owns and developed the

Southpointe Southpointe is a suburban business park located in Cecil Township near Canonsburg, Pennsylvania, south of Pittsburgh and is a familiar landmark along Interstate 79. It is home to many corporations, including Fortune 500 members CONSOL Energy an ...

complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown

Washington, Pennsylvania Washington is a city in and the county seat of Washington County, Pennsylvania. A part of the Greater Pittsburgh area in the southwestern part of the state, the city is home to Washington & Jefferson College and Pony League baseball. The populat ...

. The company is developing a $700 million mixed-use project called the Esplanade. The project is to be located on the Ohio River in the North Side neighborhood of

Pittsburgh, Pennsylvania 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 ...

, with development plans including a Ferris Wheel, man-made lake and four towers that will include a hotel, condominiums and apartments.

References

External links

Millcraft Industries
{{Washington, Pennsylvania Companies based in Washington County, Pennsylvania Steel companies of the United States Real estate companies of the United States Companies with year of establishment missing