• 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.
     
     
    To date, nineteen properties have been sold. One school property and one large vacant site are currently available, in addition to seven small vacant parcels spread throughout the city. 
      
    Former School Property
    New Asking Price
    $55,000
    $350,000

     

    Vacant Parcels
    New Asking Price
    APN 003-S-077 (South Side Slopes)
    $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.