City Extends MOU with Potential 20 Federal Developer
YOUNGSTOWN, Ohio – The city’s Board of Control approved a 60-day extension Thursday morning to the memorandum of understanding it entered in December with Desmone, the Pittsburgh-based architectural firm it is working with to redevelop 20 Federal Place.
The approval extends the MOU with Desmone and the firm’s period of exclusivity through April 30. The MOU approved last year ended at the end of February.
Last year, Desmone presented a conceptual reimagining of the building that featured a rooftop restaurant, observation deck, interior parking garage and missed-use space that includes offices and apartments.
The city and Desmone sought the extension because they are waiting to hear about a $6.9 million brownfield remediation grant the city applied for from the Ohio Department of Development. The grant would be used to help pay for demolition and asbestos remediation work in the eight-story building, which is nearly a century old.
The department is still reviewing applications and announcements of awards should be made in the coming months, a department spokeswoman said this week.
The board also approved a month-to-month lease for Pizza Moe’s, a new tenant in the building’s ground-level food court. Operated by Hashem Jaafar, Pizza Moe’s will pay $654.58 for the space.
New Castle, Pa.-based Pizza Joe’s left the food court last December. It had been there 15 years.
Copyright 2024 The Business Journal, Youngstown, Ohio.
