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Building Has A Possible Buyer

Investor would rent out office space in old steel headquarters

April 23, 2013

WHEELING — Sale of the former Wheeling-Pittsburgh Steel headquarters in the downtown is pending with an $800,000 offer from a New Albany, Ohio, real estate investor....

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(23)

whgfeeling

Apr-23-13 4:37 AM

beautiful building, just no parking.

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dyingov

Apr-23-13 7:25 AM

13 story building.....

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rover1958

Apr-23-13 8:00 AM

That price is a whole lot less than a small 1500 sq ft Town House that I owned in the San Francisco area 5 years ago. Wheeling truly is on the skids.

With the 'fracking boom' you'd think one of those swaggering Texas drilling companies would snap up the building betting on a long term presence and exploitation of the land. Guess not.

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rover1958

Apr-23-13 8:04 AM

Article say, '13 story'.....that must include the basement or elevator service areas. When I was a kid the local slang about Wheeling Steel referred to the '12th Floor Managers' who were on the top floor overseeing the insidious demise of Wheeling Steel.

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Hefner

Apr-23-13 8:19 AM

It is a shame that this beautiful landmark will eventually decay to nothingness. Just the estimated cost to bring the building up to the current building codes all but kills the sale, and who in their right minds want to locate in the rubble of the former downtown Wheeling?

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Bossman011

Apr-23-13 9:08 AM

Let me guess, they're going to tear it down??? That seems to be the trend in Wheeling.

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rover1958

Apr-23-13 9:12 AM

Old Man Schmulbach is crying in his beer.

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atoddh

Apr-23-13 10:35 AM

rover:the gas folks are avoiding WV courts and anti business climate in favor of Ohio; to wit:CHPK.They will drill in WV to get the gas/liquids.

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atoddh

Apr-23-13 10:44 AM

The buyer will(1.) try to find a occupant first(2.) determine renovation to suit costs(3.) then proceed ;possibly for less money.

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sounder

Apr-23-13 12:09 PM

New Albany, Ohio; where Leslie Wexner, the man behind the company known as "The Limited" has his family home, that gated horse country estate, where his efforts took a small village, off the highway, and turned it into a wealthy upscale suburb, built out with retail and other service buildings which look like horse country Lexington or somewhere near Greenwich, Connecticut. Money there, some of that might save the former iconic; landmark headquarters of Wheeling Steel. Like other once grand buildings which were once a part of downtown Wheeling; the cost of rennovation exceeds the value of the building.

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DisplacedWVian

Apr-23-13 12:29 PM

A "steel" at $800,000!!!

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DisplacedWVian

Apr-23-13 12:33 PM

Hopefully the buyer can bring some new ideas to the downtown... for the city "leadership" has none!!!

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acousticportal

Apr-23-13 2:11 PM

What business in Wheeling is worth a $3,800,000 investment?...well besides gambling and smoking?

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atoddh

Apr-23-13 6:33 PM

Congressman McKinley said "steel is the future for the OV."Accordingly, the building may again be the "steel valley" headquarters. Coal is the other McKinley/NR "future."

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daWraith

Apr-23-13 6:44 PM

Unreal! If you purchased it in 1905 for $900K, you STILL would have lost money!

Doesn't say much about Whee-ling real estate, does it??

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Ragnar

Apr-23-13 7:23 PM

This is a beautiful building, like many buildings in Wheeling. They don't build stuff like this or the United Bank building anymore. In Pittsburgh, there is the Frick Building and the Gulf Building. Buildings with character, unlike that ugly ass box that used to be HQ for Ormet.

In Pittsburgh, the Wheeling Pitt building would be offices fetching $25 or more per square foot in rent, or luxury apartments going for $2,000-$3,000 per month, or even condos.

In Wheeling, unfortunately, the W-P building is destined for the scrap heap.

That is, unless "Scat" raises some tax money someplace and puts his name to a monthly race up the steps inside the building....

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atoddh

Apr-23-13 11:40 PM

rag:Why would anyone want to be Downtown now?Highlands will move into office space if there is a demand at all.The renovation costs will approach new construction.The only "action" Downtown are the law firms.They are in decline also.The gas people are going to Ohio to avoid the taxes and Courts of WV. Downtown has little upside; with the possible exception of a renewed JUSA.

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CTMountaineer

Apr-24-13 12:30 AM

Here is the thing about Wheeling city government. Take a look at the old Windsor Hotel. Somebody was going to buy that and turn it into something useful once. In all its wisdom, Wheeling send it's legion of building inspectors,who essentially march in lockstep, and they frightened away the investor. The result, instead of a renewed landmark, the city was stuck with a decaying, useless structure that is far more dangerous than anything somebody might have fixed up, and nobody is making a cent from it.

The last really good leadership in Wheeling was when Mayor Gast ran the place in the 1950s. It has been downhill ever since. The Levensons, Mendelsons, and Bourys helped speed the decline.

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CTMountaineer

Apr-24-13 12:33 AM

Not Windsor Hotel... the Rogers Hotel.

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GETACLUE

Apr-24-13 8:09 AM

CTMountaineer... Are you saying that the City should just IGNORE BUILDING CODES and SAFETY REGULATIONS? You may have just made the dumbest post of the month..... CONGRATS

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oldsteelmaker

Apr-24-13 1:36 PM

Clueless, There are sensible rules, and there nitpicking ones. The buildings have not hurt or killed anyone in decades of existence, so why are they now deathtraps that need wads of renovation? I lived in a 120 year old Back Bay Boston house. I'm still alive as are a thousand of my fraternity brothers. Other than updating the wiring and installing sprinklers, it's the same building.

Get a brain and try using it for a change.

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GETACLUE

Apr-24-13 2:18 PM

oldsteelmaker.... The BUILDING CODES that are being enforced are NATIONAL STANDARDS the City does not make them up.

"Get a brain and try using it for a change." DO SOME RESEARCH on the NFPA and BOCA

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GETACLUE

Apr-24-13 2:20 PM

" I lived in a 120 year old Back Bay Boston house."

From your previous post I can only assume that you must have ingested some 120 year old LEAD PAINT CHIPS!!!

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