A New York developer is selling a former Etna pipe mill that is now being leased by Westinghouse as part of a micro reactor project.
The AM Group is listing 51 Bridge Street for sale with an asking price of $28.4 million, according to a real estate flyer obtained by the Pittsburgh Post-Gazette.
New York-based HMX Realty Advisors is marketing the three-story blocklong property. The broker, Andrew Greenberg, confirmed that the building is for sale but declined further comment.
Representatives for The AM Group could not be reached for comment. The developer purchased the building for $2.9 million in 2020 with plans to gut and renovate it.
The 87,000-square-foot warehouse is now fully leased by Westinghouse as a staging ground for its eVinci micro reactor project.
According to the flyer, Westinghouse is leasing the space for 10 years and paying $1.9 million a year in rent.
As detailed in a 2023 Post-Gazette story, the eVinci technology uses nuclear fuel to generate heat, which then powers a turbine and makes electricity. The micro reactor’s electric output was estimated at 5 megawatts, enough to power 1,000 homes.
At the time, Westinghouse outlined its plan to convert the 51 Bridge Street space into offices, testing labs, and a manufacturing floor for the project. The firm intended to use the space to make heat pipes for the micro reactor. The site was expected to employ as many as 150 workers.
A Westinghouse spokesman could not be reached for comment Wednesday.
Once its work on the eVinci project is completed, the company plans to use the facility for the commercial production of heat pipes.
As part of its effort to redevelop the space, The AM Group received about $3 million from the state through its redevelopment assistance capital grant program.
First Published: January 15, 2025, 10:37 p.m.
Updated: January 16, 2025, 3:18 p.m.