Millcraft Industries
Encyclopedia
Millcraft Industries, Inc. is a Cecil Township, Pennsylvania
-based real estate and development company.
Millcraft began as a steel production company before expanding into real estate. In 2005, following a deal with Hilton Hotels
and an expanding commercial real estate business, Millcraft formally exited the steel industry.
The company has a strong presence in Western Pennsylvania
.
In the past, the Pittsburgh Post-Gazette
has criticized Millcraft for its political influence over the Urban Redevelopment Authority of Pittsburgh
.
In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" categorgy. The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.
In March 2009, Millcraft purchased the Pittsburgh State Office Building
. The sale was criticized by Pennsylvania State Auditor General Jack Wagner
, who noted that the $4.6 million sale price was half its appriased value. He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.
The company owns and developed the Southpointe
complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania
.
Cecil Township, Pennsylvania
Cecil Township is a township in Washington County, Pennsylvania, United States. It is a suburb of Pittsburgh in the Pittsburgh metropolitan area. The population was 11,271 at the 2010 census.The township contains the Southpointe suburban business park...
-based real estate and development company.
Millcraft began as a steel production company before expanding into real estate. In 2005, following a deal with Hilton Hotels
Hilton Hotels
Hilton Hotels & Resorts is an international chain of full-service hotels and resorts founded by Conrad Hilton and now owned by Hilton Worldwide. Hilton hotels are either owned by, managed by, or franchised to independent operators by Hilton Worldwide. Hilton Hotels became the first coast-to-coast...
and an expanding commercial real estate business, Millcraft formally exited the steel industry.
The company has a strong presence in Western Pennsylvania
Western Pennsylvania
Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area population of about 2.4 million people, and serves as its economic and cultural center. Erie, Altoona, and Johnstown are its...
.
In the past, the Pittsburgh Post-Gazette
Pittsburgh Post-Gazette
The Pittsburgh Post-Gazette, also known simply as the "PG," is the largest daily newspaper serving metropolitan Pittsburgh, Pennsylvania, USA.-Early history:...
has criticized Millcraft for its political influence over the Urban Redevelopment Authority of Pittsburgh
Urban Redevelopment Authority of Pittsburgh
The Urban Redevelopment Authority of Pittsburgh is the City of Pittsburgh’s economic development agency, committed to creating jobs, expanding the City’s tax base and improving the vitality of businesses and neighborhoods...
.
In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" categorgy. The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.
In March 2009, Millcraft purchased the Pittsburgh State Office Building
Pittsburgh State Office Building
Pittsburgh State Office Building is an office building in Pittsburgh, Pennsylvania.The building offers a panoramic view of the "Golden Triangle" area of Pittsburgh.In March 2009, the building was sold to Millcraft Industries of Washington, Pennsylvania...
. The sale was criticized by Pennsylvania State Auditor General Jack Wagner
Jack Wagner
Jack Wagner may refer to:*Jack Wagner *Jack Wagner , an announcer for Disney theme parks*Jack Wagner , from The Bold and the Beautiful...
, who noted that the $4.6 million sale price was half its appriased value. He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.
The company owns and developed the Southpointe
Southpointe (Cecil, Pennsylvania)
Southpointe is a suburban business park located in Cecil Township near Canonsburg, Pennsylvania, south of Pittsburgh. It is home to many corporations, including Fortune 500 members CONSOL Energy and Mylan....
complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania
Washington, Pennsylvania
Washington is a city in and the county seat of Washington County, Pennsylvania, United States, within the Pittsburgh Metro Area in the southwestern part of the state...
.