CoLab18 Grand Opening

PITTSBURGH, PA – February 14, 2018 – The community-minded partnership formed last year to drive inclusive innovation and accelerate entrepreneurship on the Northside today formally welcomed three new partners at a ribbon-cutting ceremony for CoLab18, the new programming space that provides resources and connectivity to support the Buhl Foundation’s One Northside Consensus Plan.

The Buhl Foundation last year joined Faros Properties, Comcast and Urban Innovation 21 to realize a shared vision of an inclusive, connected, collaborative place that integrates public spaces and the wider Northside community at Nova Place. That partnership today is pleased to add BNY Mellon Foundation of Southwestern Pennsylvania, Innovation Works, and the Riverside Center for Innovation, which will manage programming efforts for CoLab18, a 4,600-square foot space named to reflect the goal of further promoting collaboration among the Northside’s 18 neighborhoods.

“We are grateful for the partnerships that have made CoLab18 possible and for the many opportunities it will provide for Northside residents,” said Diana Bucco, president of the Buhl Foundation. “Colab18 will ensure that the One Northside movement will prepare individuals for and provide equal access to the many benefits of our growing and changing Pittsburgh economy.”

Faros Properties designed Nova Place as Pittsburgh’s innovation space, with the goal of revitalizing the community and reconnecting the North Side to downtown. Today’s announcements are an important part of that vision.

“CoLab18 is an exciting collaboration that will provide valuable educational resources to the community. Adding CoLab 18 to the project at Nova Place was a natural fit, aligning with the goals of the redevelopment. Faros Properties feels privileged to be a part of such a groundbreaking partnership with Buhl, Comcast, Urban Innovation21 and now our new partners,” said Jeremy Leventhal, managing partner of Faros Properties.

One Northside staff will also work at CoLab18, which can accommodate groups of up to 150 and will serve as the Northside’s epicenter for creativity, collaboration and technology. The space is designed to be a digital classroom and laboratory open to Northside residents, businesses and organizations and features two conference rooms, a multi-purpose room and work room using state-of-the-art technology, media and connectivity resources. Interested parties will soon be able to reserve space at

In addition to funding the build-out of the space and offering advanced technology solutions, Comcast has enabled gigabit-speed broadband service and Xfinity WiFi throughout the CoLab18 innovation space. This complements the existing connectivity it provides through the gigabit-speed Comcast Business circuits in nine innovation huts in the Nova Place concourse and Xfinity WiFi provided throughout both the concourse and Nova Place’s unique outdoor plaza.

“As Pittsburgh’s leader in connectivity and technology, we’re pleased to continue making a commitment and investment in the future of the city through this partnership,” said Christine Whitaker, senior vice president of Comcast’s Keystone Region. “We welcome our new partners and believe CoLab18 will be a sustainable epicenter for digital engagement and a magnet for collaboration that will foster the success of the One Northside plan.”

“One of the greatest challenges facing the Pittsburgh region is making sure opportunity is available for all, not just a few, and that is especially true in the technology space. CoLab18 should not only be a critical tool to build inclusive innovation in the Northside but be a model for all Pittsburgh neighborhoods,” said Pittsburgh Mayor William Peduto.

“CoLab18 is an investment in the people of Pittsburgh,” said Ian Stewart, Chairman of BNY Mellon Pennsylvania. “Our foundation’s support will fuel workforce development and guide entrepreneurs on their way to success.”

Programming at CoLab18 will focus on four areas: community collaboration, education, digital engagement and workforce development. In addition to entrepreneurship training provided by Riverside Center For Innovation and networking events hosted by Innovation Works and Alloy 26, a co-working space at Nova Place, more than 40 agencies are either committed to providing programming or actively working on plans to deliver programming for the space.

Among those are Allegheny Partners for Out of School Time, who will host their quarterly meeting and hold a youth job fair in April; United Way’s “Be A Middle School Mentor” will host meet and greet events with students and families in March and April; BizFIT Construction will host an Entrepreneurial Training Program for construction businesses owned by minorities, women and veterans; and Citizens Bank will host a four-part financial literacy workshop.

“It’s exciting to see so many of the resource partners are willing to take an interest in the space. Our goal is to make CoLab18 one of the cluster regions for the city as stated in the recent Brookings Institute report for Pittsburgh as a global innovation city,” said Riverside Center for Innovation Executive Director Juan Garrett.

“As part of the great group of partners bringing programming to Colab18, Innovation Works draws on insight from years working with Pittsburgh’s startup technology companies,” said Rich Lunak, president & CEO of Innovation Works. “We’re excited to share our knowledge and networks with new entrepreneurs and those entering the technology community through Colab18’s digital literacy programs. Tapping into our experiences and connections, we aim to ensure that opportunities are inclusive, available, and accessible by everyone in our community.”

In a broader sense, the growth of this partnership is one way Pittsburgh is cultivating an inclusive, digitally-skilled economy that helps the region address workforce challenges.

“While our region continues to experience growth, we know that one of the challenges before us is to ensure that our residents have the skillsets that match the employment opportunities today,” said County Executive Rich Fitzgerald. “I’m excited to see that there continues to be investment in Nova Place, and the residents of the Northside who will have the opportunity to use this space for any number of initiatives, including workforce development.”

Faros Properties, Confluence Make Nova Place New Global Headquarters

Headquartered in Pittsburgh, Confluence serves the international fund industry with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco.

Confluence will move to a 40,000 square foot office at the region’s largest urban redevelopment project, Nova Place, in 2017.  Their new office will include two sprawling floors connected by a central staircase, with open floorplans surrounded by floor-to-ceiling windows showcasing panoramic views of historic Northside and downtown.

Confluence joins a list of newly signed tenants as well as long-standing anchor tenants including, Innovation Works, La Prima, Matrix Solutions, PNC, Bank of America, and Expedient, in addition to Alloy 26, the highly anticipated co-working space within Nova Place.  Minutes from downtown and all major throughways, Nova Place grants these companies easy access to destinations city-wide.

“Our move to Nova Place is a testament to our commitment to Pittsburgh as a great location for our headquarters as we continue to grow globally,” said Confluence founder and President and CEO Mark Evans.  “The vision of Nova Place aligns with our culture of innovation and the property design and amenities underscore the value we place on engaging employees and inspiring collaboration at all levels of the company.”

Confluence attributes the need to plan for future growth and amenities like Nova Place’s 3,000 car garage, forthcoming 10,000 square foot, state-of-the-art fitness center, and an onsite auditorium equipped with the latest technology as considerations for their move next year. 

With new food options including La Prima Espresso coffee, City Fresh Pasta, and Bull Dawgs (gourmet hotdogs) joining the Eco Bistro restaurant to offer four food options on site, the complex continues to add amenities.

“We are thrilled to have this innovative company support our long-term commitment to the redevelopment of Nova Place.  Not only will Confluence’s relocation add to the vibrancy of our campus, their move adds materially to the mix of corporate and technology tenants already at the complex.” said Faros Properties Managing Partner Jeremy Leventhal.

CBRE, leasing agent at the project added: “The Pittsburgh office market has really responded to this type of product, as has the business community.  With this and the other new leases at Nova Place, the project is already at 75% leased and climbing!  The reception by the tech and corporate community to this world-class project has been unbelievable.”

Formerly the Allegheny Center Mall, Nova Place is a 1.5 million square foot office complex undergoing multi-million dollar renovations to transform the property into a first-class campus providing a corporate environment for current and future tenants to inspire, educate, and foster growth.  Over the past three years, Faros Properties has invested over a quarter of a billion dollars into the region. 

About Faros Properties LLC
Faros Properties is a real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.

About Confluence
As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluence solutions enable asset managers and third-party administrators to consolidate and leverage data across business operations which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.  Seven of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence.  For more information, visit