Oxford Development

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Oxford Development Company
Private
IndustryReal estate
Founded1963
FounderEdward J. "Eddie" Lewis
HeadquartersOne Oxford Center 301 Grant Street Pittsburgh, PA 15219
Key people
Steven J. Guy, President and Chief Executive Officer
Websitewww.oxforddevelopment.com

Oxford Development Company is a real estate firm based in Pittsburgh, Pennsylvania providing real estate development, asset/property management, brokerage services, investment advisory services, and business operations.

Oxford is one of the largest Pennsylvania-based real estate firms. In the 1980s, Oxford developed One Oxford Centre, a 45-story tower on Grant Street in downtown Pittsburgh.[1] In 2013 it was listed as the 2nd largest commercial property manager in the Pittsburgh metropolitan area with 11,492,847 gross square feet of leaseable space[2] after CBRE Group and ahead of the RIDC. In 2014, the company announced its plans of developing another legacy project, which would be a 20-story tower located in Smithfield Street in downtown Pittsburgh. Oxford abandoned plans for the tower in 2017 after failing to find an anchor tenant.[3]

Oxford is currently developing 200 acres in Pittsburgh's Strip District, to create their 3 Crossings project. The first phase of the project is currently leased up in what is becoming known as "Robotics Row" or "The Silicon Strip", featuring tenants such as autonomous driving company Argo AI[4], Burns White, Bosch, Target, Apple, and Smith and Nephew[5]. In early 2019 Oxford confirmed they would also be moving their headquarters to the 3 Crossings project as well, taking space in Riverfront West. [6]

As of 2018, Oxford began managing multifamily residential properties, by self managing three of their own properties: The Yards at 3 Crossings, Coda on Centre, and The Raquet Club Apartments.

Subsidiaries of the company include:

  • Oxford Real Estate Advisers (OREA)
  • Oxford Realty Services
  • Bakewell Corporation

References[edit]

  1. ^ https://www.post-gazette.com/business/2014/08/15/Oxford-Development-working-to-once-again-leave-its-mark-on-skyline-with-world-class-tower/stories/201408150056
  2. ^ http://www.bizjournals.com/pittsburgh/feature/03-29-13-oxford-development-co.html
  3. ^ https://www.post-gazette.com/business/development/2017/01/18/Downtown-property-sold-where-plans-once-included-high-rise-tower/stories/201701180171
  4. ^ "Argo AI to move to 3 Crossings project in the Strip District, sources say". Pittsburgh Post-Gazette. Retrieved 2019-05-02.
  5. ^ "Medical robotics facility headed to new buildings slated for the Strip". Pittsburgh Post-Gazette. Retrieved 2019-05-02.
  6. ^ O'Toole, Bill (2019-04-01). "Oxford Development moving to the Strip to be part of their own creation". NEXTpittsburgh. Retrieved 2019-05-02.