As a multimillion-dollar push to revamp Downtown continues, one of the corridor’s longest-standing buildings is at a crossroads.

Pittsburgh-based McKnight Realty, owner of the Heinz 57 Center, must pay off loans on the building totaling $64 million by this Saturday. As the deadline approaches, McKnight is at serious risk of defaulting, according to loan surveillance reports.

The real estate firm secured a two-part $75 million mortgage on the property in 2015 but has paid off just 15% of it as the Heinz 57 Center struggles to bring in revenue. The 13-story office and retail building, once fully occupied, has lost major tenants in the past few years, cutting sharply into its rental income.

“The borrower urgently needs either refinancing, extension, or faces potential default,” a recent lo

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