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  • Asset Maximization Plan for Closed Schools

     
    In 2012, Pittsburgh Public Schools selected Fourth River Development to initiate an Asset Plan to maximize the value of a portfolio of twenty-one closed school properties within the city. The plan consists of (1) a thorough investigation and evaluation of each school, (2) recommendations to reduce holding costs and increase value, and (3) creative marketing/sales techniques for these very unique and in many cases historical properties.
     
    Asset Maximization Plan for the Pittsburgh Public Schools (PDF download 8MB)
     
    To date, sixteen properties have been sold. Four former school properties and one large vacant site are currently available, in addition to eight small vacant parcels spread throughout the city. 
      
    Former School Property
    New Asking Price
    Arlington Elementary
    $360,000
    Bon Air
    $55,000
    Mann
    $190,000
    Belmar
    $810,000
    New Homestead (LAND)
    $360,000

     

    Vacant Parcels
    New Asking Price
    APN 003-S-077 (South Side Slopes)
    $500
    APN 050-B-156 (Garfield)
    $500
    APN 054-F-081 (Greenfield)
    $500
    APN 054-K-001 (Greenfield)
    $500
    APN 174-L-347 (Homewood)
    $500
    APN 174-L-349 (Homewood)
    $500
    APN 173-G-067 (Lincoln Lemington)
    $500
    APN 011-E-208 (Hill District)
    $500 
      
    Information also available on the Fourth River Development, LLC website. 
  • Request for Proposals

    The School District of Pittsburgh Sale and Reuse of Surplus Properties

    RFP Release Date: January 6, 2020

    Proposal Deadline: February 14, 2020 

     

    Click here download the complete RFP for the former School Buildings and Vacant Land Parcels

     

     

Pittsburgh Public Schools
341 S. Bellefield Ave. | Pittsburgh, PA 15213
District Office | (412) 529-HELP
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