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Anatomy of a Lease: Tapville Social in Pittsburgh

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In August, Tapville Social signed an NNN lease for a street-front shell space unit that includes a patio area, which is part of a mixed-use development dubbed “The Vision on Fifteenth.” The development will ultimately encompass 28,000 s.f. of retail/restaurants and 228,000 s.f. of luxury Class A office space. The project’s neighboring 19,000-s.f. two-story building was leased to Puttery, which opened in February. The Vision on Fifteenth is within Pittsburgh’s Strip District, a thriving area filled with numerous businesses including the regional headquarters of Meta (formerly Facebook) and a Homewood Suites, which are both located across the street.

Tenant: Tapville Social
Location: Pittsburgh
Square Footage: 5,307 s.f.
Developer/Owner: Burns Scalo Real Estate
Initial Term: 10 Years

Projected to open by May of 2024, Tapville Socialwill feature a self-pour tap wall offering a selection of beers, wines and ciders, as well as a menu of entrees, shareable bites and desserts. The Tapville Social franchisee wanted to be placed in the Strip District neighborhood as it has great daytime to nighttime traffic, as well as continued multifamily development projects in the works. The space is close to Interstate 579 and is one block away from the Strip District Trail along the Allegheny River. Plus, the location is within walking distance to the Strip District Terminal, a refurbished five-block industrial warehouse shopping center hub filled with tenants such as City Winery, Sandbox VR, Mayweather Boxing + Fitness, Chipotle and, by 2024, Shake Shack.

Tenant Representation:
The Woodmont Company
2100 W. Seventh St.
Fort Worth, TX 76107
Joseph Williams, EVP/Managing Director
(949) 698-1520
jwilliams@woodmont.com
Rachel Forslund, Brokerage Associate
(817) 713-4407
rforslund@woodmont.com

Property Representation:
CBRE
One Oxford Centre
301 Grant St., 40th Floor
Pittsburgh, PA 15219
Tommy McCafferty, VP
(412) 471-2242
tommy.mccafferty@cbre.com

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Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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