History
The 500 block of Grant Street was for decades the site of the Carlton Hotel, Plaza Building and the "Interlude Lounge" across the street from the Allegheny County Courthouse on the current complex's southern extreme. In the early 1980s, U.S. Steel, which has its global headquarters one block north at the U.S. Steel Tower bought the land Mellon Center was to be built on and planned a 54-floor skyscraper replacing the Carlton Hotel and Plaza Buildings. The naming rights originally went to the Pittsburgh manufacturing firm Dravo Corporation and was to serve as their leased headquarters space (while still owned by U.S. Steel). After the recession of the late 1970s and early 1980s combined with the rapid deindustrialization of the 1980s, Dravo was bought out by a foreign conglomerate and its regional facilities were shuttered, U.S. Steel, having diversified into oil and other industries, sold the almost completed skyscraper on February 16, 1983 to a Connecticut Limited Partnership, the 500 Grant Street Partners, for what was then the second-largest real estate purchase in Western Pennsylvania history.
In March 2010, installation began on a new rooftop sign that will replace the old Mellon signage with the company's new triangular logo and the new brand name "BNY Mellon". The effort is expected to last until the end of 2010.
On Monday, March 29, 2010, at approximately 4:30 p.m., a maintenance worker committed suicide by intentionally falling from the roof. The worker that died, from the North Side region of the city, was a 10-year employee of the building's maintenance contractor.
Read more about this topic: BNY Mellon Center (Pittsburgh)
Famous quotes containing the word history:
“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“Every literary critic believes he will outwit history and have the last word.”
—Mason Cooley (b. 1927)