Mark Cuban sells 9-story building in Pittsburgh to developer

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Photo by Danny Fulgencio

The last big real estate deal involving Mark Cuban happened last year, when the Dallas Mavericks owner bought a town in Texas.

In December, Cuban purchased the 76.8-acre community of Mustang, located about 60 miles south of Dallas near Corsicana.

A more recent deal happened much farther from Dallas.

the Pittsburgh Post Gazette reported On March 26, Cuban sold a nine-story building in downtown Pittsburgh to a Washington, D.C.-based developer Douglas Development Corporation is the new owner of the property, which was once the PPG glass warehouse, overlooks the river Allegheny. The purchase price was not available.

According to the newspaper, the developer has notified the Pittsburgh Downtown Partnership of its intention to convert the building into a 137-unit apartment complex.

Cuban, who grew up in Pittsburgh and graduated from the city’s Mt. Lebanon High School, bought the property in 2006 for $6.8 million. At one point, he intended to partner with Walnut Capital to convert the building into a mix of housing and offices, as well as room for restaurants and meeting spaces. But the project never came to fruition.


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