EQT Plaza
EQT Plaza, formerly known as the CNG Tower and later the Dominion Tower, is a major and distinctive skyscraper in Downtown Pittsburgh, Pennsylvania. The structure was built for Consolidated Natural Gas, a regional energy company. In 1999, CNG was purchased by Dominion Energy, which moved out of the building in 2007. During the summer of 2009, EQT Corporation moved its corporate headquarters and several business units from the 6-story building EQT had built and moved into in 2005, just across the Allegheny River in the North Shore neighborhood of the city. Equitable Gas Company, the natural gas utility owned by EQT Corporation, remains on 2 floors of the former headquarters building on the North Shore.
History
The skyscraper was originally designed to be the global headquarters of Allegheny International-better known by its retail branding name of Sunbeam. At the time of construction Sunbeam was the world's largest maker of small appliances.
Allegheny International's Realty Development Corporation (AIRDC) secured a low-interest Urban Development Action loan from the URA for $8.5 million which the Cultural Trust collected payments on. The Public Auditorium Authority leased the land for the Benedum to AIRDC which then assigned the rights to the Cultural Trust while the Penn-Lincoln holding company retained ownership of the land but leased the property to AIRDC for 82 years and transferred lease payments to the Cultural Trust.
