Asset Maximization Plan for Closed SchoolsIn 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.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 PropertyNew Asking Price$360,000$55,000$190,000$810,000$360,000Vacant ParcelsNew Asking PriceAPN 003-S-077 (South Side Slopes)$500APN 050-B-156 (Garfield)$500APN 054-F-081 (Greenfield)$500APN 054-K-001 (Greenfield)$500APN 174-L-347 (Homewood)$500APN 174-L-349 (Homewood)$500APN 173-G-067 (Lincoln Lemington)$500APN 011-E-208 (Hill District)$500Information 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