We typically do not highlight popular news stories in this Blog, but in light of Pittsburgh being the host of the G20 Conference we thought it would be appropriate to offer a few thoughts about our great city, where Five Star is headquartered.
In an article in the Washington Post, the lead sentence is very characteristic of the perceptions that many have about Pittsburgh,
“When President Obama announced that this Rust Belt city would host a meeting of ministers from the world’s leading economies, many scoffed. A lot of people are asking something along the lines of ‘What, was downtown Baltimore booked?’ ” wrote the Atlantic’s Derek Thompson.”
However, Pittsburgh has evolved greatly over the last 25 years, a fact that the Post article is quick to highlight:
“The city’s unemployment rate is well below the national average. Wages and housing prices are stable or up. Nearby Cleveland has experienced rampant foreclosures, but here they are relatively uncommon.
The city’s main industries — health care and education — are thriving. The University of Pittsburgh Medical Center, an $8 billion health-care company, employs 50,000 people in Western Pennsylvania. Pittsburgh’s health services business has almost tripled in size since 1979, creating more than 100,000 jobs.“
Throughout Five Star’s thirteen-year history we have watched our city mature and evolve. In fact, some of the best examples of this growth can be illustrated in the changes that have taken place in the neighborhoods where we established our main office.
When Five Star opened its doors, we made our home in what called the Fulton Building. After several exciting years in that facility, we learned that the building was being converted from offices into the Pittsburgh Renaissance Hotel. This elegant hotel quickly became an anchor to the city’s thriving Cultural District and provides a place for people to stay after watching a game in the city’s new baseball stadium, PNC Park, or taking in a show at the beautiful O’Reilly theater.

- Renaissance Pittsburgh Hotel (Photo from VisitPittsburgh.com)
Five Star’s second home was in the Uptown area of the city, which is home to Duquesne University and the Mellon Arena. Conveniently located walking distance to downtown and a short drive to Oakland and the South Side, this area of the city continues to be a prime area for development and growth. In 2007, it was announced that a new arena (The Consol Energy Center) was to be built directly across from our offices. This 290M facility will house the Stanley Cup winning Pittsburgh Penguins and will provide a venue to host many world-class events (such as the NCAA Tournament) and concerts.

- The New Consol Energy Center (Photo via Ballparks.com)
Resulting from our own growth, Five Star needed additional office space that was the primary impetus to move our offices once again. In 2008, we moved to Manchester, located on the North Shore of Pittsburgh. This area of our city was also under a state of growth and revitalization as plans for a new casino, subway extension, and new office buildings were being planned or were underway. In the spirit of revitalization and environmental concern, we decided to move our headquarters into a 110 year- old former warehouse and factory that we converted into “green” office space.

- Five Star’s New Offices
As we take a moment to reflect on the evolution of Pittsburgh through just one lens of our company’s history, it is hard to not be amazed and impressed. Pittsburgh’s ability to adapt and overcome change and obstacles is very similar to our own history here at Five Star. There has been an incredible amount of growth and new development in Pittsburgh over the last 20+ years. Out of this growth new industries have arisen and jobs have been created, but more importantly a renewed sense of pride has been rekindled. Hosting the G20 Conference and winning awards like the “Most Livable City in America” are all great accomplishments and have put Pittsburgh in the world’s spotlight. But, more than all else, they have provided an opportunity for people around to world to see what we all have known for quite some time – Pittsburgh is a great place!