{"id":1004062235,"date":"2013-01-24T22:07:30","date_gmt":"2013-01-25T06:07:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=97493"},"modified":"2020-05-10T21:46:51","modified_gmt":"2020-05-11T05:46:51","slug":"pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/","title":{"rendered":"Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-97495\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\" alt=\"\" width=\"300\" height=\"203\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Officials at Pittsburgh Public Schools have revealed proposals from four bidders interested in purchasing and redeveloping the former Pittsburgh Schenley High School in North Oakland.<\/p>\n<p>The <a href=\"https:\/\/www.post-gazette.com\/stories\/local\/neighborhoods-city\/schenley-sale-attracts-four-bidders-671040\/\" rel=\"nofollow\"><em>Pittsburgh Post-Gazette<\/em><\/a> reports that in order to qualify, the bids were required to include an acquisition price of at least $4 million. This amount covers the remaining debt on the historic property.<\/p>\n<p>The four bidders and the bid amounts are:<\/p>\n<p>\u2022 PMC Property Group, $5.2 million<br \/>\n\u2022 AWSVPA\/Edward Alexei, $4.1 million<br \/>\n\u2022 Ralph A. Falbo Inc., $4 million<br \/>\n\u2022 Kossman Development Co., agent for Provident Charter School, $4.6 million.<\/p>\n<p>The candidates intend to convert the property into apartments and\/or create a new school. The highest bid came from Philadelphia-based PMC Property Group. The developer is proposing 175 residential units, along with parking and an on-site fitness center. The development will incorporate the existing basketball gym, while the uses of the pool and auditorium will be determined at a later date. The estimated cost of the project is around $37 million.<\/p>\n<p>Kossman Development Co. is planning to spend $36.8 million for the development of both a charter school for 336 dyslexic children in grades 2-8 and 115 housing units for college students.<\/p>\n<p>The AWSVPA proposal includes the creation of a private secondary school called the Andy Warhol School of Visual and Performing Arts. The estimated cost of the development is approximately $25 million.<\/p>\n<p>Local developer Ralph A. Falbo, an alumnus of Schenley, is planning 123 market rate apartments (99 one-bedroom and 14 two-bedroom units), with an on-site fitness center. The estimated cost of the proposed project is $32 million.<\/p>\n<p>The Request for Proposals process is being managed by Fourth River Development. A final vote from the School Board is expected on Feb. 27 during its regular public meeting.<\/p>\n<p>Photo credits: www.frd.us.com\/pghschools\/schenley.htm<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials at Pittsburgh Public Schools have revealed proposals from four bidders interested in purchasing and redeveloping the former Pittsburgh Schenley High School in North Oakland.<br \/>\nThe Pittsburgh Post-Gazette reports that in order to qualify, the bids were required to include an acquisition price of at least $4 million. This amount covers the remaining debt on the historic property.<\/p>\n<p>The four bidders and the bid amounts are:<\/p>\n<p>&bull; PMC Property Group, $5.2 million<br \/>\n&bull; AWSVPA\/Edward Alexei, $4.1 million<br \/>\n&bull; Ralph A. Falbo Inc., $4 million<br \/>\n&bull; Kossman Development Co., agent for Provident Charter School, $4.6 million.<br \/>\nThe candidates intend to convert the property into apartments and\/or create a new school. The highest bid came from Philadelphia-based PMC Property Group. The developer is proposing 175 residential units, along with parking and an on-site fitness center. The development will incorporate the existing basketball gym, while the uses of the pool and auditorium will be determined at a later date. The estimated cost of the project is around $37 million.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1602],"tags":[1815],"class_list":["post-1004062235","post","type-post","status-publish","format-standard","hentry","category-latest","category-pittsburgh","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment\" \/>\n<meta property=\"og:description\" content=\"Officials at Pittsburgh Public Schools have revealed proposals from four bidders interested in purchasing and redeveloping the former Pittsburgh Schenley High School in North Oakland. The Pittsburgh Post-Gazette reports that in order to qualify, the bids were required to include an acquisition price of at least $4 million. This amount covers the remaining debt on the historic property.  The four bidders and the bid amounts are:  &bull; PMC Property Group, $5.2 million &bull; AWSVPA\/Edward Alexei, $4.1 million &bull; Ralph A. Falbo Inc., $4 million &bull; Kossman Development Co., agent for Provident Charter School, $4.6 million. The candidates intend to convert the property into apartments and\/or create a new school. The highest bid came from Philadelphia-based PMC Property Group. The developer is proposing 175 residential units, along with parking and an on-site fitness center. The development will incorporate the existing basketball gym, while the uses of the pool and auditorium will be determined at a later date. The estimated cost of the project is around $37 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-25T06:07:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T05:46:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/\",\"name\":\"Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\",\"datePublished\":\"2013-01-25T06:07:30+00:00\",\"dateModified\":\"2020-05-11T05:46:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Schenley-High-School-aerial.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-public-schools-unveil-project-bids-for-schenley-redevelopment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pittsburgh Public Schools Unveil Project Bids for Schenley Redevelopment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. 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The Pittsburgh Post-Gazette reports that in order to qualify, the bids were required to include an acquisition price of at least $4 million. This amount covers the remaining debt on the historic property.  The four bidders and the bid amounts are:  &bull; PMC Property Group, $5.2 million &bull; AWSVPA\/Edward Alexei, $4.1 million &bull; Ralph A. Falbo Inc., $4 million &bull; Kossman Development Co., agent for Provident Charter School, $4.6 million. The candidates intend to convert the property into apartments and\/or create a new school. The highest bid came from Philadelphia-based PMC Property Group. The developer is proposing 175 residential units, along with parking and an on-site fitness center. The development will incorporate the existing basketball gym, while the uses of the pool and auditorium will be determined at a later date. 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